Crestline Management LP Invests $537,000 in Advanced Drainage Systems, Inc. (NYSE:WMS)

Crestline Management LP acquired a new position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,644 shares of the construction company's stock, valued at approximately $537,000.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock worth $90,000 after buying an additional 88 shares in the last quarter. Spire Wealth Management purchased a new position in Advanced Drainage Systems during the 4th quarter worth $94,000. First Horizon Advisors Inc. grew its stake in Advanced Drainage Systems by 18.3% during 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. Blue Trust Inc. grew its stake in Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock worth $116,000 after buying an additional 108 shares during the last quarter. Finally, Headlands Technologies LLC lifted its position in Advanced Drainage Systems by 1,298.6% during the 4th quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock worth $118,000 after acquiring an additional 948 shares during the period. Institutional investors own 89.83% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. KeyCorp decreased their price objective on Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Barclays upped their price target on Advanced Drainage Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday. Robert W. Baird cut their price objective on Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating for the company in a research note on Friday. Stephens reiterated an "equal weight" rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They issued a "buy" rating and a $134.00 price target for the company. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Advanced Drainage Systems currently has an average rating of "Moderate Buy" and an average target price of $144.00.

Advanced Drainage Systems Trading Up 2.6%

Advanced Drainage Systems stock traded up $3.04 during mid-day trading on Friday, hitting $120.58. The company's stock had a trading volume of 337,268 shares, compared to its average volume of 597,445. The firm has a market capitalization of $9.35 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $184.27. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The stock's fifty day moving average is $109.45 and its two-hundred day moving average is $119.74.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The construction company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.06). The business had revenue of $615.76 million during the quarter, compared to analysts' expectations of $653.22 million. Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. On average, analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.60%. This is a positive change from Advanced Drainage Systems's previous quarterly dividend of $0.16. Advanced Drainage Systems's dividend payout ratio is presently 10.70%.

About Advanced Drainage Systems

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.