Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,233 shares of the construction company’s stock after selling 713 shares during the period. Segall Bryant & Hamill LLC’s holdings in Advanced Drainage Systems were worth $9,152,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Boston Partners boosted its stake in shares of Advanced Drainage Systems by 16.9% during the 1st quarter. Boston Partners now owns 1,519,118 shares of the construction company’s stock worth $261,609,000 after acquiring an additional 219,629 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Advanced Drainage Systems by 4.7% in the 2nd quarter. William Blair Investment Management LLC now owns 1,430,091 shares of the construction company’s stock valued at $229,372,000 after purchasing an additional 64,618 shares during the period. Swedbank AB increased its stake in Advanced Drainage Systems by 5.8% in the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock worth $217,553,000 after purchasing an additional 75,455 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Advanced Drainage Systems by 0.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 1,382,735 shares of the construction company’s stock worth $221,777,000 after buying an additional 7,690 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Advanced Drainage Systems by 13.9% during the second quarter. Dimensional Fund Advisors LP now owns 772,588 shares of the construction company’s stock valued at $123,920,000 after buying an additional 94,019 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Loop Capital cut their price target on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Oppenheimer cut their target price on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Barclays decreased their target price on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Robert W. Baird dropped their price target 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. Finally, KeyCorp decreased their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $170.29.

Advanced Drainage Systems Price Performance

WMS opened at $128.41 on Friday. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. Advanced Drainage Systems, Inc. has a 1 year low of $117.97 and a 1 year high of $184.27. The stock has a fifty day moving average price of $149.26 and a 200 day moving average price of $157.89. The stock has a market cap of $9.95 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.17 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.23). The firm had revenue of $782.60 million during the quarter, compared to the consensus estimate of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.71 EPS. Analysts forecast that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.50%. Advanced Drainage Systems’s dividend payout ratio is currently 10.19%.

Advanced Drainage Systems 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.