Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,186,878 shares of the construction company’s stock after purchasing an additional 59,158 shares during the period. Geode Capital Management LLC’s holdings in Advanced Drainage Systems were worth $186,578,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Duff & Phelps Investment Management Co. raised its stake in shares of Advanced Drainage Systems by 28.3% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 152,954 shares of the construction company’s stock worth $24,038,000 after buying an additional 33,754 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in Advanced Drainage Systems by 1.5% in the third quarter. Public Employees Retirement System of Ohio now owns 38,672 shares of the construction company’s stock worth $6,078,000 after acquiring an additional 558 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Advanced Drainage Systems by 4.2% in 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 acquiring an additional 819 shares during the period. MML Investors Services LLC boosted its position 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 worth $410,000 after purchasing an additional 226 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in shares of Advanced Drainage Systems during the 3rd quarter worth $2,694,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

Advanced Drainage Systems stock opened at $126.68 on Monday. Advanced Drainage Systems, Inc. has a fifty-two week low of $125.44 and a fifty-two week high of $184.27. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.22 and a beta of 1.48. The stock has a fifty day moving average of $142.14 and a two-hundred day moving average of $152.96. 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 (NYSE:WMS) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $819.41 million. Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.71 EPS. On average, analysts anticipate that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.51%. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 10.19%.

Analysts Set New Price Targets

WMS has been the subject of several recent analyst reports. Oppenheimer reduced their price objective on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. KeyCorp decreased their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Loop Capital dropped their price objective on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Barclays decreased their target price on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Finally, Stephens restated an “equal weight” rating and issued a $135.00 price target (down previously from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Drainage Systems has an average rating of “Moderate Buy” and an average 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.