Townsquare Capital LLC Has $886,000 Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Townsquare Capital LLC increased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 47.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,668 shares of the construction company’s stock after acquiring an additional 2,455 shares during the period. Townsquare Capital LLC’s holdings in Advanced Drainage Systems were worth $886,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WMS. Distillate Capital Partners LLC grew its stake in shares of Advanced Drainage Systems by 29.7% in the 4th quarter. Distillate Capital Partners LLC now owns 130,473 shares of the construction company’s stock valued at $15,083,000 after purchasing an additional 29,900 shares during the period. Rockefeller Capital Management L.P. grew its position in Advanced Drainage Systems by 6.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 76,642 shares of the construction company’s stock valued at $8,860,000 after acquiring an additional 4,802 shares during the period. Sterling Capital Management LLC raised its stake in Advanced Drainage Systems by 42.8% during the fourth quarter. Sterling Capital Management LLC now owns 3,030 shares of the construction company’s stock worth $350,000 after acquiring an additional 908 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Advanced Drainage Systems by 3.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 33,303 shares of the construction company’s stock valued at $3,850,000 after acquiring an additional 1,152 shares during the period. Finally, Scotia Capital Inc. lifted its holdings in shares of Advanced Drainage Systems by 20.8% during the fourth quarter. Scotia Capital Inc. now owns 6,881 shares of the construction company’s stock valued at $795,000 after acquiring an additional 1,185 shares during the period. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

WMS has been the subject of a number of recent analyst reports. Stephens reiterated an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. KeyCorp reduced their target price on Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Loop Capital dropped their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, February 7th. StockNews.com lowered Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 1st. Finally, UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and an average price target of $153.78.

Advanced Drainage Systems Price Performance

Advanced Drainage Systems stock opened at $104.44 on Friday. The business’s 50-day simple moving average is $110.63 and its 200 day simple moving average is $124.97. 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 stock has a market cap of $8.10 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing the consensus estimate 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, research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.61%. Advanced Drainage Systems’s dividend payout ratio is currently 10.70%.

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.