Independent Advisor Alliance Purchases New Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Independent Advisor Alliance purchased a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,975 shares of the construction company’s stock, valued at approximately $939,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Alpha DNA Investment Management LLC increased its holdings in shares of Advanced Drainage Systems by 13.0% in the third quarter. Alpha DNA Investment Management LLC now owns 2,839 shares of the construction company’s stock valued at $446,000 after purchasing an additional 326 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Advanced Drainage Systems by 4.3% in the third quarter. Cerity Partners LLC now owns 28,432 shares of the construction company’s stock valued at $4,468,000 after purchasing an additional 1,160 shares in the last quarter. Nicolet Advisory Services LLC grew its holdings in Advanced Drainage Systems by 5.7% during the 3rd quarter. Nicolet Advisory Services LLC now owns 3,867 shares of the construction company’s stock worth $599,000 after acquiring an additional 210 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Advanced Drainage Systems by 15.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 562,052 shares of the construction company’s stock worth $88,332,000 after acquiring an additional 75,008 shares during the period. Finally, L & S Advisors Inc acquired a new stake in Advanced Drainage Systems during the 3rd quarter worth $2,177,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

WMS has been the subject of a number of analyst reports. Stephens reaffirmed an “equal weight” rating and set a $135.00 target price (down previously from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Loop Capital lowered their target price 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. Barclays lowered their target price on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a report on Monday, November 11th. KeyCorp lowered their target price on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Finally, Robert W. Baird reduced their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $170.29.

Advanced Drainage Systems Trading Up 1.2 %

Shares of NYSE WMS opened at $133.27 on Thursday. The company’s fifty day moving average is $148.30 and its 200-day moving average is $156.93. The stock has a market cap of $10.33 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.22 and a beta of 1.53. Advanced Drainage Systems, Inc. has a twelve month low of $119.25 and a twelve month high of $184.27. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data 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 company had revenue of $782.60 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.71 earnings per share. Equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.16 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 annualized dividend and a yield of 0.48%. Advanced Drainage Systems’s dividend payout ratio is currently 10.19%.

Advanced Drainage Systems Company 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.