54,341 Shares in Advanced Drainage Systems, Inc. (NYSE:WMS) Acquired by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP purchased a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 54,341 shares of the construction company’s stock, valued at approximately $8,540,000. Advanced Drainage Systems makes up approximately 1.9% of Advantage Alpha Capital Partners LP’s holdings, making the stock its 3rd largest holding. Advantage Alpha Capital Partners LP owned about 0.07% of Advanced Drainage Systems at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. O Shaughnessy Asset Management LLC lifted its stake in shares of Advanced Drainage Systems by 16.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,610 shares of the construction company’s stock worth $450,000 after purchasing an additional 361 shares in the last quarter. Lazard Asset Management LLC raised its holdings in shares of Advanced Drainage Systems by 117.5% during the 1st quarter. Lazard Asset Management LLC now owns 12,032 shares of the construction company’s stock valued at $2,071,000 after buying an additional 6,500 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Advanced Drainage Systems by 16.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 139,677 shares of the construction company’s stock worth $24,059,000 after acquiring an additional 19,626 shares in the last quarter. Bayesian Capital Management LP purchased a new position in Advanced Drainage Systems in the 1st quarter worth approximately $861,000. Finally, Tidal Investments LLC grew its position in Advanced Drainage Systems by 122.4% in the first quarter. Tidal Investments LLC now owns 12,572 shares of the construction company’s stock valued at $2,165,000 after acquiring an additional 6,919 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on WMS. Loop Capital reduced their target price on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Oppenheimer cut their price objective on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Stephens reaffirmed an “equal weight” rating and set a $135.00 target price (down from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Barclays reduced their price target on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Finally, Robert W. Baird lowered their price objective on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $170.29.

Advanced Drainage Systems Stock Performance

Shares of WMS stock opened at $134.37 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 1.19 and a beta of 1.53. Advanced Drainage Systems, Inc. has a one year low of $117.97 and a one year high of $184.27. The company’s 50-day simple moving average is $148.67 and its 200-day simple moving average is $157.21.

Advanced Drainage Systems (NYSE:WMS) last issued its 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). Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The firm had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. During the same quarter in the previous year, the business posted $1.71 EPS. Advanced Drainage Systems’s revenue was up .3% compared to the same quarter last year. Equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.5 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 annualized dividend and a yield of 0.48%. Advanced Drainage Systems’s payout ratio is 10.19%.

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.