16,872 Shares in Advanced Drainage Systems, Inc. (NYSE:WMS) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,872 shares of the construction company’s stock, valued at approximately $1,950,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Huntington National Bank increased its holdings in shares of Advanced Drainage Systems by 123.1% in the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after buying an additional 213 shares during the last quarter. Millburn Ridgefield Corp increased its holdings in shares of Advanced Drainage Systems by 642.4% in the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock worth $77,000 after buying an additional 424 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after buying an additional 88 shares during the last quarter. Spire Wealth Management bought a new position in shares of Advanced Drainage Systems in the 4th quarter worth $94,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of Advanced Drainage Systems by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock worth $102,000 after buying an additional 137 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Up 1.8 %

Shares of WMS opened at $116.09 on Wednesday. The stock has a market capitalization of $9.01 billion, a P/E ratio of 19.41, a PEG ratio of 1.13 and a beta of 1.52. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The firm has a fifty day simple moving average of $119.70 and a two-hundred day simple moving average of $136.60. Advanced Drainage Systems, Inc. has a twelve month low of $110.75 and a twelve month high of $184.27.

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

Advanced Drainage Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.16 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.55%. Advanced Drainage Systems’s dividend payout ratio is 10.70%.

Analyst Upgrades and Downgrades

WMS has been the topic of a number of research analyst reports. Oppenheimer decreased their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. StockNews.com raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Saturday. Barclays cut their price objective on shares of 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. UBS Group raised shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Wednesday, January 8th. Finally, Loop Capital cut their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.25.

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.