Caprock Group LLC Sells 203 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Caprock Group LLC lessened its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 13.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,336 shares of the construction company’s stock after selling 203 shares during the quarter. Caprock Group LLC’s holdings in Advanced Drainage Systems were worth $210,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in WMS. Blue Trust Inc. lifted its holdings in shares of Advanced Drainage Systems by 1,472.7% in the second quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock worth $30,000 after buying an additional 162 shares in the last quarter. West Oak Capital LLC boosted its holdings in shares of Advanced Drainage Systems by 133.3% during the 2nd quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. National Bank of Canada FI purchased a new position in shares of Advanced Drainage Systems during the second quarter valued at about $45,000. Huntington National Bank increased its holdings in shares of Advanced Drainage Systems by 123.1% in the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after purchasing an additional 213 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Advanced Drainage Systems by 65.2% in the second quarter. GAMMA Investing LLC now owns 451 shares of the construction company’s stock worth $72,000 after buying an additional 178 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Performance

WMS stock opened at $131.85 on Monday. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.19 and a beta of 1.53. Advanced Drainage Systems, Inc. has a twelve month low of $117.97 and a twelve month high of $184.27. The business’s fifty day simple moving average is $148.95 and its two-hundred day simple moving average is $157.48. 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 issued its earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The company had revenue of $782.60 million for the quarter, compared to analysts’ expectations of $819.41 million. During the same period last year, the business posted $1.71 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Analysts predict that Advanced Drainage Systems, Inc. will post 6.5 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.64 annualized dividend and a dividend yield of 0.49%. Advanced Drainage Systems’s dividend payout ratio is currently 10.19%.

Wall Street Analysts Forecast Growth

WMS has been the topic of a number of research reports. Stephens reaffirmed an “equal weight” rating and issued a $135.00 price objective (down previously from $170.00) on shares of Advanced Drainage Systems in a research note on Wednesday, November 13th. KeyCorp decreased their price target on shares of 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. Barclays dropped 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 note on Monday, November 11th. Loop Capital lowered their price target 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. Finally, Oppenheimer decreased their price objective on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Two 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $170.29.

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.