Marshall Financial Group LLC Sells 7,726 Shares of Advanced Drainage Systems, Inc. $WMS

Marshall Financial Group LLC trimmed its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 81.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,803 shares of the construction company’s stock after selling 7,726 shares during the quarter. Marshall Financial Group LLC’s holdings in Advanced Drainage Systems were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its position in shares of Advanced Drainage Systems by 234.0% during the third quarter. Wellington Management Group LLP now owns 1,188,906 shares of the construction company’s stock valued at $164,901,000 after purchasing an additional 832,929 shares in the last quarter. Norges Bank purchased a new position in Advanced Drainage Systems during the second quarter worth about $90,989,000. Interval Partners LP grew its position in Advanced Drainage Systems by 98.0% in the 3rd quarter. Interval Partners LP now owns 968,534 shares of the construction company’s stock worth $134,336,000 after purchasing an additional 479,413 shares in the last quarter. SG Capital Management LLC bought a new stake in Advanced Drainage Systems in the 3rd quarter worth about $45,591,000. Finally, Franklin Resources Inc. increased its stake in Advanced Drainage Systems by 586.9% in the 3rd quarter. Franklin Resources Inc. now owns 285,810 shares of the construction company’s stock valued at $39,642,000 after buying an additional 244,202 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

Shares of WMS stock opened at $138.03 on Tuesday. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 1.56 and a beta of 1.27. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.08 and a current ratio of 4.12. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $179.32. The firm’s 50-day simple moving average is $157.88 and its two-hundred day simple moving average is $149.55.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, February 5th. The construction company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. Advanced Drainage Systems had a net margin of 15.75% and a return on equity of 27.72%. The firm had revenue of $693.35 million for the quarter, compared to analysts’ expectations of $686.37 million. During the same period in the previous year, the company earned $1.09 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. As a group, equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a $0.18 dividend. The ex-dividend date was Monday, March 2nd. This represents a $0.72 annualized dividend and a yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio is presently 11.98%.

Wall Street Analyst Weigh In

Several research firms have commented on WMS. Royal Bank Of Canada lifted their target price on shares of Advanced Drainage Systems from $176.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Barclays upped their target price on Advanced Drainage Systems from $187.00 to $198.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Oppenheimer increased their price target on Advanced Drainage Systems from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, January 21st. Finally, UBS Group set a $215.00 price objective on Advanced Drainage Systems and gave the stock a “buy” rating in a research report on Friday, February 6th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.00.

About Advanced Drainage Systems

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.