Nicolet Advisory Services LLC Acquires 210 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Nicolet Advisory Services LLC lifted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,867 shares of the construction company’s stock after purchasing an additional 210 shares during the period. Nicolet Advisory Services LLC’s holdings in Advanced Drainage Systems were worth $599,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB bought a new position in Advanced Drainage Systems during the first quarter worth $220,853,000. Boston Partners raised its holdings in shares of Advanced Drainage Systems by 16.9% during the first quarter. Boston Partners now owns 1,519,118 shares of the construction company’s stock valued at $261,609,000 after purchasing an additional 219,629 shares during the period. Millennium Management LLC boosted its position in shares of Advanced Drainage Systems by 136.2% during the 2nd quarter. Millennium Management LLC now owns 312,393 shares of the construction company’s stock worth $50,105,000 after purchasing an additional 180,154 shares in the last quarter. Lazard Freres Gestion S.A.S. bought a new position in shares of Advanced Drainage Systems during the 2nd quarter worth about $28,870,000. Finally, Point72 Asset Management L.P. bought a new stake in Advanced Drainage Systems in the 2nd quarter valued at about $21,657,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Up 2.7 %

WMS opened at $131.85 on Friday. Advanced Drainage Systems, Inc. has a fifty-two week low of $117.97 and a fifty-two week high of $184.27. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15. The company’s 50-day moving average is $148.95 and its 200 day moving average is $157.56. The firm has a market capitalization of $10.22 billion, a P/E ratio of 21.00, a PEG ratio of 1.19 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last posted 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). The firm had revenue of $782.60 million for the quarter, compared to the consensus estimate of $819.41 million. Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. Advanced Drainage Systems’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 EPS. Research analysts expect 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. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, December 2nd. Advanced Drainage Systems’s payout ratio is 10.19%.

Analyst Ratings Changes

Several brokerages have issued reports on WMS. Robert W. Baird cut their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Barclays cut their target price on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. KeyCorp lowered their price objective on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Oppenheimer dropped 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 research note on Monday, November 11th. Finally, Stephens reissued 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and a consensus price target of $170.29.

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.