Cwm LLC Acquires 85 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Cwm LLC increased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 18.1% during the third quarter, HoldingsChannel.com reports. The fund owned 555 shares of the construction company’s stock after buying an additional 85 shares during the quarter. Cwm LLC’s holdings in Advanced Drainage Systems were worth $87,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. CANADA LIFE ASSURANCE Co increased its position in Advanced Drainage Systems by 24.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 63,780 shares of the construction company’s stock worth $11,006,000 after buying an additional 12,655 shares during the last quarter. Nordea Investment Management AB increased its position in Advanced Drainage Systems by 10.3% in the first quarter. Nordea Investment Management AB now owns 121,851 shares of the construction company’s stock worth $21,178,000 after buying an additional 11,423 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Advanced Drainage Systems in the first quarter worth $525,000. Price T Rowe Associates Inc. MD increased its position in Advanced Drainage Systems by 16.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 139,677 shares of the construction company’s stock worth $24,059,000 after buying an additional 19,626 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Advanced Drainage Systems by 5.8% in the first quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company’s stock worth $1,251,353,000 after buying an additional 395,099 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Price Performance

NYSE:WMS opened at $150.07 on Friday. The firm has a market capitalization of $11.63 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 1.29 and a beta of 1.53. Advanced Drainage Systems, Inc. has a 52-week low of $102.32 and a 52-week high of $184.27. The stock has a fifty day moving average of $152.64 and a 200 day moving average of $160.34. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.90 and a current ratio of 2.89.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, August 8th. The construction company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.08. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. The company had revenue of $815.34 million during the quarter, compared to analyst estimates of $828.00 million. On average, research analysts expect that Advanced Drainage Systems, Inc. will post 6.95 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.43%. The ex-dividend date was Friday, August 30th. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 9.94%.

Wall Street Analysts Forecast Growth

WMS has been the subject of several recent research reports. StockNews.com cut Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Loop Capital reduced their price target on Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Robert W. Baird reduced their price target on Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Oppenheimer reiterated an “outperform” rating and issued a $192.00 price target on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. Finally, Barclays reduced their price target on Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $190.14.

About Advanced Drainage Systems

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.