Diversify Advisory Services LLC Acquires Shares of 3,615 Advanced Drainage Systems, Inc. $WMS

Diversify Advisory Services LLC acquired a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,615 shares of the construction company’s stock, valued at approximately $518,000.

Several other large investors have also made changes to their positions in the business. Oxbow Advisors LLC acquired a new stake in Advanced Drainage Systems in the 2nd quarter valued at $3,677,000. Summit Creek Advisors LLC purchased a new stake in Advanced Drainage Systems in the 2nd quarter worth $341,000. BlackRock Inc. acquired a new position in Advanced Drainage Systems during the second quarter worth $1,172,482,000. Deutsche Bank AG acquired a new position in Advanced Drainage Systems during the second quarter worth $16,294,000. Finally, Perigon Wealth Management LLC purchased a new position in Advanced Drainage Systems during the second quarter valued at $706,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMS has been the subject of a number of research reports. Robert W. Baird set a $206.00 target price on shares of Advanced Drainage Systems in a research note on Friday, August 7th. Barclays raised their price target on shares of Advanced Drainage Systems from $181.00 to $191.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Friday, July 17th. Zacks Research upgraded Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Stephens raised Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $190.00 to $175.00 in a report on Wednesday, May 27th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and a consensus target price of $188.38.

Advanced Drainage Systems Price Performance

Advanced Drainage Systems stock opened at $142.36 on Friday. Advanced Drainage Systems, Inc. has a 52-week low of $128.03 and a 52-week high of $179.32. The firm has a market capitalization of $10.73 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.60 and a beta of 1.27. The company has a fifty day simple moving average of $146.09 and a 200-day simple moving average of $147.34. The company has a quick ratio of 1.18, a current ratio of 2.12 and a debt-to-equity ratio of 0.95.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, August 6th. The construction company reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.39. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.39 million. Advanced Drainage Systems had a net margin of 14.00% and a return on equity of 28.28%. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.95 earnings per share. On average, equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.62 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio is presently 13.82%.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.