PFG Investments LLC Sells 181 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

PFG Investments LLC reduced its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,454 shares of the construction company’s stock after selling 181 shares during the quarter. PFG Investments LLC’s holdings in Advanced Drainage Systems were worth $977,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMS. Huntington National Bank raised its position in Advanced Drainage Systems by 123.1% during the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after acquiring an additional 213 shares in the last quarter. Millburn Ridgefield Corp raised its position in Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock worth $77,000 after acquiring an additional 424 shares in the last quarter. CWM LLC raised its position in Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after acquiring an additional 85 shares in the last quarter. UMB Bank n.a. raised its position in Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after acquiring an additional 88 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Advanced Drainage Systems by 418.5% during the third quarter. Blue Trust Inc. now owns 897 shares of the construction company’s stock worth $144,000 after acquiring an additional 724 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on WMS. KeyCorp decreased 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. Stephens reiterated an “equal weight” rating and issued a $135.00 price objective (down from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Wednesday, January 8th. Barclays decreased their price objective on shares of Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Finally, Robert W. Baird decreased their price objective on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $166.88.

Advanced Drainage Systems Trading Down 0.2 %

WMS stock opened at $124.78 on Wednesday. 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 company’s 50-day simple moving average is $123.26 and its 200 day simple moving average is $142.76. Advanced Drainage Systems, Inc. has a 52 week low of $110.75 and a 52 week high of $184.27. The company has a market capitalization of $9.67 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly 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 business had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $1.71 earnings per share. As a group, sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.51%. Advanced Drainage Systems’s payout ratio is 10.19%.

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.