EDENTREE ASSET MANAGEMENT Ltd Purchases 8,300 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

EDENTREE ASSET MANAGEMENT Ltd raised its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 122.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,055 shares of the construction company's stock after acquiring an additional 8,300 shares during the period. EDENTREE ASSET MANAGEMENT Ltd's holdings in Advanced Drainage Systems were worth $1,740,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. lifted its stake in Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after acquiring an additional 88 shares in the last quarter. Spire Wealth Management bought a new stake in shares of Advanced Drainage Systems during the 4th quarter worth $94,000. First Horizon Advisors Inc. raised its stake in shares of 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 purchasing an additional 137 shares during the period. Blue Trust Inc. raised its stake in shares of 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 purchasing an additional 108 shares during the period. Finally, Headlands Technologies LLC raised its stake in shares of 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 purchasing an additional 948 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Price Performance

WMS stock traded down $0.76 during mid-day trading on Friday, reaching $110.25. 493,986 shares of the company traded hands, compared to its average volume of 601,805. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. The company has a market capitalization of $8.55 billion, a P/E ratio of 18.44, a P/E/G ratio of 1.13 and a beta of 1.31. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week high of $179.57. The company has a fifty day moving average price of $110.23 and a 200-day moving average price of $117.91.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its earnings results on Thursday, May 15th. The construction company reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.09 by ($0.06). The company had revenue of $615.76 million for the quarter, compared to analysts' expectations of $653.22 million. Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. The firm's quarterly revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 EPS. As a group, analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Friday, May 30th. This is a positive change from Advanced Drainage Systems's previous quarterly dividend of $0.16. Advanced Drainage Systems's payout ratio is presently 12.50%.

Analysts Set New Price Targets

WMS has been the topic of a number of recent analyst reports. UBS Group lowered their target price on Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Oppenheimer lowered their target price on Advanced Drainage Systems from $165.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. Barclays lifted their target price on Advanced Drainage Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Wall Street Zen cut Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Loop Capital decreased their price objective on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating for the company in a report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Advanced Drainage Systems has an average rating of "Moderate Buy" and a consensus price target of $139.88.

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.