Huntington National Bank Has $61,000 Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Huntington National Bank grew its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 123.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 386 shares of the construction company’s stock after buying an additional 213 shares during the quarter. Huntington National Bank’s holdings in Advanced Drainage Systems were worth $61,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WMS. CWM LLC increased its stake in shares of Advanced Drainage Systems by 18.1% in the 3rd quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after buying an additional 85 shares during the period. Nisa Investment Advisors LLC increased its position in Advanced Drainage Systems by 10.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the construction company’s stock worth $164,000 after purchasing an additional 95 shares during the period. West Oak Capital LLC increased its position in Advanced Drainage Systems by 133.3% in the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock worth $28,000 after purchasing an additional 100 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Advanced Drainage Systems by 319.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock worth $26,000 after purchasing an additional 115 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Advanced Drainage Systems by 20.5% during the 3rd quarter. UMB Bank n.a. now owns 693 shares of the construction company’s stock valued at $109,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on WMS. Loop Capital cut their price objective on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Oppenheimer reduced 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. KeyCorp lowered their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Stephens reissued 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 note on Wednesday, November 13th. Finally, Barclays lowered their price objective on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and an average price target of $170.29.

Advanced Drainage Systems Trading Up 1.4 %

Shares of NYSE:WMS opened at $133.23 on Tuesday. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 1.19 and a beta of 1.53. Advanced Drainage Systems, Inc. has a 12 month low of $116.98 and a 12 month high of $184.27. The company’s fifty day simple moving average is $150.12 and its 200 day simple moving average is $158.56. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.23). The firm had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.71 EPS. As a group, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 annualized dividend and a yield of 0.48%. Advanced Drainage Systems’s payout ratio is currently 10.19%.

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.