SG Americas Securities LLC Has $3.41 Million Position in Advanced Drainage Systems, Inc. $WMS

SG Americas Securities LLC boosted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 34.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 23,518 shares of the construction company’s stock after acquiring an additional 5,984 shares during the period. SG Americas Securities LLC’s holdings in Advanced Drainage Systems were worth $3,406,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in Advanced Drainage Systems by 234.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,188,906 shares of the construction company’s stock worth $164,901,000 after buying an additional 832,929 shares in the last quarter. Norges Bank purchased a new position in shares of Advanced Drainage Systems during the 2nd quarter valued at $90,989,000. Interval Partners LP grew its holdings in shares of Advanced Drainage Systems by 98.0% during the 3rd quarter. Interval Partners LP now owns 968,534 shares of the construction company’s stock valued at $134,336,000 after acquiring an additional 479,413 shares in the last quarter. SG Capital Management LLC acquired a new position in shares of Advanced Drainage Systems in the third quarter worth $45,591,000. Finally, Franklin Resources Inc. increased its stake in shares of Advanced Drainage Systems by 586.9% in the third quarter. Franklin Resources Inc. now owns 285,810 shares of the construction company’s stock worth $39,642,000 after acquiring an additional 244,202 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on WMS shares. Barclays lifted their price objective on Advanced Drainage Systems from $187.00 to $198.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. KeyCorp upped their target price on Advanced Drainage Systems from $180.00 to $198.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Robert W. Baird set a $205.00 price target on Advanced Drainage Systems in a research note on Friday, February 6th. Royal Bank Of Canada lifted their price target on Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Wednesday, January 21st. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $193.43.

Advanced Drainage Systems Trading Up 0.5%

Advanced Drainage Systems stock opened at $137.63 on Friday. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year high of $179.32. The company’s fifty day moving average price is $154.37 and its two-hundred day moving average price is $149.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.12 and a quick ratio of 3.08. The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.46 and a beta of 1.37.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, February 5th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.16. The company had revenue of $693.35 million during the quarter, compared to the consensus estimate of $686.37 million. Advanced Drainage Systems had a return on equity of 27.72% and a net margin of 15.75%.The firm’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.09 EPS. On average, analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio is presently 11.98%.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.