Rik Saylor Financial Inc. Purchases Shares of 25,469 Advanced Drainage Systems, Inc. (NYSE:WMS)

Rik Saylor Financial Inc. purchased a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 25,469 shares of the construction company’s stock, valued at approximately $2,944,000. Advanced Drainage Systems accounts for approximately 2.7% of Rik Saylor Financial Inc.’s holdings, making the stock its 9th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank lifted its position in shares of Advanced Drainage Systems by 123.1% in the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after purchasing an additional 213 shares during the period. Millburn Ridgefield Corp lifted its position in shares of Advanced Drainage Systems by 642.4% in the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock worth $77,000 after purchasing an additional 424 shares during the period. CWM LLC lifted its position in shares of 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 purchasing an additional 85 shares during the period. UMB Bank n.a. lifted its position in shares of Advanced Drainage Systems by 20.5% in the 3rd quarter. UMB Bank n.a. now owns 693 shares of the construction company’s stock worth $109,000 after purchasing an additional 118 shares during the period. Finally, Spire Wealth Management purchased a new stake in shares of Advanced Drainage Systems in the 4th quarter worth about $94,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WMS. Barclays dropped their target price on shares of Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Robert W. Baird dropped their target price on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. KeyCorp lowered their price target on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Oppenheimer lowered their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Finally, Loop Capital lowered their price target on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.88.

Advanced Drainage Systems Stock Down 0.8 %

Advanced Drainage Systems stock opened at $116.67 on Thursday. The stock has a market cap of $9.04 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 1.16 and a beta of 1.52. 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 fifty day moving average of $121.95 and a 200 day moving average of $140.87. Advanced Drainage Systems, Inc. has a one year low of $110.75 and a one 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 for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. As a group, sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.55%. Advanced Drainage Systems’s payout ratio is 10.19%.

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.