Scotia Capital Inc. Has $795,000 Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Scotia Capital Inc. grew its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,881 shares of the construction company’s stock after buying an additional 1,185 shares during the quarter. Scotia Capital Inc.’s holdings in Advanced Drainage Systems were worth $795,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MML Investors Services LLC lifted its stake in Advanced Drainage Systems by 9.5% during the third quarter. MML Investors Services LLC now owns 2,607 shares of the construction company’s stock worth $410,000 after purchasing an additional 226 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of Advanced Drainage Systems by 4.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 20,249 shares of the construction company’s stock worth $3,182,000 after buying an additional 819 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Advanced Drainage Systems by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company’s stock worth $186,578,000 after buying an additional 59,158 shares during the period. Anchor Investment Management LLC boosted its stake in Advanced Drainage Systems by 31.8% in the 3rd quarter. Anchor Investment Management LLC now owns 2,011 shares of the construction company’s stock valued at $316,000 after buying an additional 485 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new stake in Advanced Drainage Systems in the fourth quarter valued at $230,000. 89.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WMS shares. Loop Capital reduced 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 research note on Friday, February 7th. Barclays reduced their price target on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Stephens reaffirmed an “equal weight” rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft began coverage on Advanced Drainage Systems in a report on Tuesday, April 1st. They issued a “buy” rating and a $134.00 target price on the stock. Finally, StockNews.com cut Advanced Drainage Systems from a “hold” rating to a “sell” rating in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.78.

Advanced Drainage Systems Stock Up 1.8 %

Shares of WMS opened at $105.31 on Monday. The firm has a market capitalization of $8.17 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $184.27. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The business’s fifty day moving average price is $112.30 and its two-hundred day moving average price is $126.37.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. On average, analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.61%. Advanced Drainage Systems’s dividend payout ratio is currently 10.70%.

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.