New York State Common Retirement Fund Buys 1,797 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

New York State Common Retirement Fund lifted its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 163,322 shares of the construction company’s stock after purchasing an additional 1,797 shares during the period. New York State Common Retirement Fund’s holdings in Advanced Drainage Systems were worth $18,880,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc boosted its holdings in Advanced Drainage Systems by 3.6% during the third quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock worth $357,000 after buying an additional 79 shares during the last quarter. CWM LLC boosted its stake in Advanced Drainage Systems by 18.1% during the 3rd quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after acquiring an additional 85 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after purchasing an additional 88 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Advanced Drainage Systems by 12.0% during the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after purchasing an additional 108 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its position in shares of Advanced Drainage Systems by 4.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock worth $379,000 after purchasing an additional 111 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Robert W. Baird reduced their target price on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. StockNews.com upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Saturday. KeyCorp cut their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Barclays cut their price target on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Finally, Loop Capital cut their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $164.25.

Advanced Drainage Systems Trading Down 2.6 %

NYSE WMS opened at $114.50 on Friday. The stock’s 50 day moving average price is $120.01 and its two-hundred day moving average price is $137.09. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The stock has a market capitalization of $8.88 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 1.13 and a beta of 1.52. Advanced Drainage Systems, Inc. has a 52 week low of $110.75 and a 52 week high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data 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%. As a group, analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.56%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.70%.

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.