Headlands Technologies LLC Invests $82,000 in Advanced Drainage Systems, Inc. (NYSE:WMS)

Headlands Technologies LLC bought a new position in Advanced Drainage Systems, Inc. (NYSE:WMSFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 720 shares of the construction company’s stock, valued at approximately $82,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in Advanced Drainage Systems by 76.4% during the first quarter. BlackRock Inc. now owns 6,672,684 shares of the construction company’s stock worth $561,907,000 after acquiring an additional 2,890,821 shares during the last quarter. Morgan Stanley increased its stake in Advanced Drainage Systems by 210.6% during the fourth quarter. Morgan Stanley now owns 1,123,772 shares of the construction company’s stock worth $92,116,000 after acquiring an additional 761,995 shares during the last quarter. State Street Corp increased its stake in Advanced Drainage Systems by 55.8% during the first quarter. State Street Corp now owns 2,054,386 shares of the construction company’s stock worth $173,000,000 after acquiring an additional 735,476 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in Advanced Drainage Systems during the second quarter worth approximately $70,816,000. Finally, Vanguard Group Inc. increased its stake in Advanced Drainage Systems by 11.1% during the first quarter. Vanguard Group Inc. now owns 5,287,218 shares of the construction company’s stock worth $628,174,000 after acquiring an additional 526,175 shares during the last quarter. 84.69% of the stock is owned by institutional investors.

Advanced Drainage Systems Stock Up 0.9 %

Shares of NYSE WMS opened at $163.46 on Tuesday. The stock has a 50 day moving average price of $134.98 and a 200 day moving average price of $124.83. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.04 and a current ratio of 3.03. The firm has a market capitalization of $12.69 billion, a price-to-earnings ratio of 25.99, a PEG ratio of 2.58 and a beta of 1.45. Advanced Drainage Systems, Inc. has a 52-week low of $75.02 and a 52-week high of $164.40.

Advanced Drainage Systems (NYSE:WMSGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.44. The business had revenue of $662.37 million for the quarter, compared to the consensus estimate of $632.69 million. Advanced Drainage Systems had a return on equity of 49.79% and a net margin of 17.65%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.99 earnings per share. Sell-side analysts expect that Advanced Drainage Systems, Inc. will post 5.52 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.34%. The ex-dividend date is Thursday, February 29th. Advanced Drainage Systems’s payout ratio is 8.90%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. StockNews.com upgraded Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research report on Friday. KeyCorp boosted their target price on Advanced Drainage Systems from $160.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday. Barclays boosted their target price on Advanced Drainage Systems from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Wednesday, December 13th. Finally, Stephens boosted their target price on Advanced Drainage Systems from $138.00 to $182.00 and gave the company an “overweight” rating in a research report on Friday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and an average target price of $155.13.

Read Our Latest Analysis on WMS

About Advanced Drainage Systems

(Free Report)

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.

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Institutional Ownership by Quarter for Advanced Drainage Systems (NYSE:WMS)

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