Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Bought by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. grew its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 4.8% in the fourth quarter, HoldingsChannel reports. The fund owned 7,417 shares of the construction company’s stock after acquiring an additional 338 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Advanced Drainage Systems were worth $857,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Huntington National Bank boosted its position in 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 lifted its position in shares of Advanced Drainage Systems by 642.4% during the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock valued at $77,000 after buying an additional 424 shares in the last quarter. CWM LLC increased its holdings in Advanced Drainage Systems by 18.1% in the 3rd quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after acquiring an additional 85 shares in the last quarter. UMB Bank n.a. raised its position in Advanced Drainage Systems by 20.5% during the third quarter. UMB Bank n.a. now owns 693 shares of the construction company’s stock worth $109,000 after acquiring an additional 118 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Advanced Drainage Systems by 418.5% during the third quarter. Blue Trust Inc. now owns 897 shares of the construction company’s stock valued at $144,000 after purchasing an additional 724 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Price Performance

NYSE:WMS opened at $126.66 on Friday. Advanced Drainage Systems, Inc. has a one year low of $110.75 and a one year high of $184.27. 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 cap of $9.82 billion, a PE ratio of 20.17, a P/E/G ratio of 1.20 and a beta of 1.51. The stock has a 50 day moving average price of $123.64 and a 200 day moving average price of $143.66.

Advanced Drainage Systems (NYSE:WMS) last posted 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). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The company had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. During the same period in the prior year, the business posted $1.71 EPS. Advanced Drainage Systems’s revenue for the quarter was up .3% compared to the same quarter last year. Equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.16 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.64 annualized dividend and a dividend yield of 0.51%. Advanced Drainage Systems’s dividend payout ratio is presently 10.19%.

Analyst Ratings Changes

Several research firms recently weighed in on WMS. Stephens restated an “equal weight” rating and set a $135.00 price target (down previously from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Robert W. Baird reduced their target price on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a report on Monday, November 11th. UBS Group raised Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Wednesday, January 8th. KeyCorp reduced their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Finally, Loop Capital lowered 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 note on Monday, November 11th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.88.

About Advanced Drainage Systems

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.