Anchor Investment Management LLC Buys 485 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Anchor Investment Management LLC increased its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 31.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,011 shares of the construction company’s stock after acquiring an additional 485 shares during the period. Anchor Investment Management LLC’s holdings in Advanced Drainage Systems were worth $316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Advanced Drainage Systems by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company’s stock worth $186,578,000 after acquiring an additional 59,158 shares in the last quarter. Duff & Phelps Investment Management Co. grew its stake in Advanced Drainage Systems by 28.3% in the third quarter. Duff & Phelps Investment Management Co. now owns 152,954 shares of the construction company’s stock worth $24,038,000 after purchasing an additional 33,754 shares during the period. Public Employees Retirement System of Ohio lifted its position in Advanced Drainage Systems by 1.5% during the third quarter. Public Employees Retirement System of Ohio now owns 38,672 shares of the construction company’s stock valued at $6,078,000 after buying an additional 558 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in Advanced Drainage Systems by 4.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 20,249 shares of the construction company’s stock valued at $3,182,000 after buying an additional 819 shares during the period. Finally, MML Investors Services LLC boosted its holdings in shares of Advanced Drainage Systems by 9.5% during the 3rd quarter. MML Investors Services LLC now owns 2,607 shares of the construction company’s stock valued at $410,000 after buying an additional 226 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Down 1.1 %

Advanced Drainage Systems stock opened at $126.68 on Friday. Advanced Drainage Systems, Inc. has a 12 month low of $125.44 and a 12 month high of $184.27. The stock has a fifty day simple moving average of $142.14 and a two-hundred day simple moving average of $153.22. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.23 and a beta of 1.48.

Advanced Drainage Systems (NYSE:WMS) last released 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 business had revenue of $782.60 million during the quarter, compared to the consensus estimate of $819.41 million. Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. Advanced Drainage Systems’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.71 earnings per share. Equities analysts predict that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

WMS has been the subject of a number of recent research reports. KeyCorp lowered their price target on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. 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. Robert W. Baird cut their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Stephens reaffirmed an “equal weight” rating and set a $135.00 price objective (down previously from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Finally, Oppenheimer dropped their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.29.

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.