Intrust Bank NA Reduces Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Intrust Bank NA decreased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,457 shares of the construction company’s stock after selling 255 shares during the period. Intrust Bank NA’s holdings in Advanced Drainage Systems were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Bank of Montreal Can raised its holdings in Advanced Drainage Systems by 20.3% during the third quarter. Bank of Montreal Can now owns 74,568 shares of the construction company’s stock valued at $11,953,000 after acquiring an additional 12,559 shares during the period. FMR LLC raised its stake in Advanced Drainage Systems by 50.8% during the 3rd quarter. FMR LLC now owns 54,341 shares of the construction company’s stock valued at $8,540,000 after purchasing an additional 18,313 shares during the period. Quantbot Technologies LP bought a new stake in Advanced Drainage Systems during the 3rd quarter valued at approximately $1,263,000. Townsquare Capital LLC lifted its holdings in Advanced Drainage Systems by 5.1% in the 3rd quarter. Townsquare Capital LLC now owns 5,213 shares of the construction company’s stock worth $819,000 after purchasing an additional 255 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Advanced Drainage Systems by 1.7% in the 3rd quarter. MetLife Investment Management LLC now owns 37,662 shares of the construction company’s stock worth $5,919,000 after purchasing an additional 646 shares during the period. 89.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on WMS. Loop Capital lowered their target price on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, February 7th. UBS Group raised shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Wednesday, January 8th. Stephens reaffirmed an “equal weight” rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. Barclays dropped their price target on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Finally, StockNews.com raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Advanced Drainage Systems has an average rating of “Moderate Buy” and an average price target of $164.25.

Advanced Drainage Systems Stock Down 2.6 %

NYSE:WMS opened at $108.25 on Monday. 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 firm has a market cap of $8.40 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The company has a 50-day moving average of $116.95 and a 200 day moving average of $130.17. Advanced Drainage Systems, Inc. has a 1-year low of $101.90 and a 1-year high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data 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 net margin of 15.90% and a return on equity of 35.79%. As a group, research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.16 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.59%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.70%.

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.