Y Intercept Hong Kong Ltd Purchases New Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Y Intercept Hong Kong Ltd purchased a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,872 shares of the construction company's stock, valued at approximately $1,950,000.

Other large investors have also made changes to their positions in the company. Huntington National Bank increased its position in shares of Advanced Drainage Systems by 123.1% during the third quarter. Huntington National Bank now owns 386 shares of the construction company's stock worth $61,000 after purchasing an additional 213 shares in the last quarter. Millburn Ridgefield Corp increased its position in shares of Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock worth $77,000 after purchasing an additional 424 shares in the last quarter. UMB Bank n.a. increased its position in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock worth $90,000 after purchasing an additional 88 shares in the last quarter. Spire Wealth Management acquired a new position in shares of Advanced Drainage Systems during the fourth quarter worth $94,000. Finally, First Horizon Advisors Inc. increased its position in shares of Advanced Drainage Systems by 18.3% during the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock worth $102,000 after purchasing an additional 137 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Advanced Drainage Systems Stock Performance

NYSE:WMS traded down $0.45 during mid-day trading on Friday, hitting $111.30. The company's stock had a trading volume of 567,793 shares, compared to its average volume of 623,618. Advanced Drainage Systems, Inc. has a 1 year low of $110.06 and a 1 year high of $184.27. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. The stock has a market cap of $8.63 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.13 and a beta of 1.52. The business's fifty day moving average is $119.51 and its two-hundred day moving average is $136.06.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, February 28th. Advanced Drainage Systems's payout ratio is currently 10.70%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays cut their target price on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. Oppenheimer cut their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a research report on Monday, November 11th. UBS Group raised Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price on the stock in a research report on Wednesday, January 8th. Loop Capital cut their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Finally, Robert W. Baird cut their target price on Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating on the stock in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $164.25.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.