Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by MIG Capital LLC

MIG Capital LLC cut its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 23.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,954 shares of the construction company’s stock after selling 50,042 shares during the quarter. Advanced Drainage Systems accounts for 3.0% of MIG Capital LLC’s portfolio, making the stock its 15th largest position. MIG Capital LLC’s holdings in Advanced Drainage Systems were worth $24,981,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. West Oak Capital LLC grew its stake in shares of Advanced Drainage Systems by 133.3% during the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after acquiring an additional 100 shares in the last quarter. Blue Trust Inc. boosted its holdings in Advanced Drainage Systems by 1,472.7% in the second quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock valued at $30,000 after purchasing an additional 162 shares during the last quarter. National Bank of Canada FI acquired a new stake in Advanced Drainage Systems during the 2nd quarter valued at approximately $45,000. Huntington National Bank increased its holdings in Advanced Drainage Systems by 123.1% during 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 last quarter. Finally, GAMMA Investing LLC raised its position in shares of Advanced Drainage Systems by 65.2% in the 2nd quarter. GAMMA Investing LLC now owns 451 shares of the construction company’s stock valued at $72,000 after purchasing an additional 178 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WMS. Robert W. Baird decreased their price target 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. Loop Capital decreased their price objective on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a report on Monday, November 11th. Stephens restated an “equal weight” rating and issued a $135.00 target price (down previously from $170.00) on shares of Advanced Drainage Systems in a research note on Wednesday, November 13th. Oppenheimer reduced their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Finally, KeyCorp lowered their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $170.29.

Advanced Drainage Systems Trading Up 1.2 %

NYSE WMS opened at $133.27 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. Advanced Drainage Systems, Inc. has a one year low of $119.25 and a one year high of $184.27. The company has a 50-day simple moving average of $148.30 and a 200-day simple moving average of $156.93. The firm has a market capitalization of $10.33 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.19 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). The company 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 business’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.71 earnings per share. On average, equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.5 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Monday, December 2nd. Advanced Drainage Systems’s dividend payout ratio is presently 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.