Interval Partners LP Has $31.95 Million Position in Advanced Drainage Systems, Inc. $WMS

Interval Partners LP reduced its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 77.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 220,566 shares of the construction company’s stock after selling 747,968 shares during the quarter. Interval Partners LP’s holdings in Advanced Drainage Systems were worth $31,945,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Advanced Drainage Systems by 3.1% during the third quarter. State Street Corp now owns 2,551,901 shares of the construction company’s stock worth $353,949,000 after purchasing an additional 75,777 shares during the period. First Trust Advisors LP lifted its stake in Advanced Drainage Systems by 10.9% in the third quarter. First Trust Advisors LP now owns 2,416,942 shares of the construction company’s stock valued at $335,230,000 after acquiring an additional 238,179 shares during the last quarter. American Century Companies Inc. lifted its stake in Advanced Drainage Systems by 6.5% in the third quarter. American Century Companies Inc. now owns 1,472,176 shares of the construction company’s stock valued at $204,191,000 after acquiring an additional 90,106 shares during the last quarter. Amundi lifted its stake in Advanced Drainage Systems by 80.9% in the fourth quarter. Amundi now owns 1,279,576 shares of the construction company’s stock valued at $185,324,000 after acquiring an additional 572,193 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Advanced Drainage Systems by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,271,453 shares of the construction company’s stock valued at $184,184,000 after acquiring an additional 15,069 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on WMS. Royal Bank Of Canada lifted their target price on shares of Advanced Drainage Systems from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Barclays reduced their target price on shares of Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Oppenheimer reduced their target price on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday, May 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Monday, April 20th. Finally, Jefferies Financial Group began coverage on shares of Advanced Drainage Systems in a research note on Thursday, June 11th. They issued a “buy” rating and a $175.00 target price for the company. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.75.

Advanced Drainage Systems Price Performance

NYSE WMS opened at $138.95 on Thursday. Advanced Drainage Systems, Inc. has a 12-month low of $109.63 and a 12-month high of $179.32. The stock has a market capitalization of $10.65 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.54 and a beta of 1.29. The company has a quick ratio of 1.35, a current ratio of 2.42 and a debt-to-equity ratio of 0.92. The company has a 50 day moving average price of $141.82 and a two-hundred day moving average price of $148.84.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. Advanced Drainage Systems had a net margin of 13.98% and a return on equity of 26.63%. The company had revenue of $676.76 million for the quarter, compared to analyst estimates of $651.92 million. During the same quarter last year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts predict that Advanced Drainage Systems, Inc. will post 6.55 earnings per share for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.20 dividend. This is a positive change from Advanced Drainage Systems’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, June 1st. Advanced Drainage Systems’s payout ratio is 14.71%.

Advanced Drainage Systems Company Profile

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.