Headlands Technologies LLC Buys 948 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Headlands Technologies LLC raised its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 1,298.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,021 shares of the construction company’s stock after purchasing an additional 948 shares during the quarter. Headlands Technologies LLC’s holdings in Advanced Drainage Systems were worth $118,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WMS. FMR LLC raised its holdings in shares of Advanced Drainage Systems by 50.8% in the third quarter. FMR LLC now owns 54,341 shares of the construction company’s stock valued at $8,540,000 after buying an additional 18,313 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in Advanced Drainage Systems in the third quarter valued at about $259,000. State Street Corp boosted its stake in Advanced Drainage Systems by 8.8% during the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock worth $399,452,000 after acquiring an additional 206,105 shares during the last quarter. Zacks Investment Management bought a new position in shares of Advanced Drainage Systems during the third quarter worth $2,694,000. Finally, MML Investors Services LLC lifted its holdings in Advanced Drainage Systems by 9.5% during the third quarter. MML Investors Services LLC now owns 2,607 shares of the construction company’s stock worth $410,000 after acquiring an additional 226 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS opened at $100.82 on Monday. Advanced Drainage Systems, Inc. has a 12 month low of $94.59 and a 12 month high of $184.27. The stock has a market capitalization of $7.82 billion, a PE ratio of 16.86, a PEG ratio of 1.13 and a beta of 1.48. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The firm has a 50 day moving average of $115.03 and a 200-day moving average of $128.70.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. On average, equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems’s payout ratio is 10.70%.

Analyst Ratings Changes

WMS has been the topic of a number of research reports. Stephens reaffirmed an “equal weight” rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Barclays decreased their price target on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Loop Capital dropped their target price on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, February 7th. UBS Group raised Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They issued a “buy” rating and a $134.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and a consensus price target of $160.89.

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.