Advanced Drainage Systems, Inc. $WMS Stock Sold by Vest Financial LLC

Vest Financial LLC lowered its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 32.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,374 shares of the construction company's stock after selling 11,379 shares during the quarter. Vest Financial LLC's holdings in Advanced Drainage Systems were worth $2,962,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. First Bank & Trust increased its position in shares of Advanced Drainage Systems by 5.5% during the third quarter. First Bank & Trust now owns 1,666 shares of the construction company's stock valued at $211,000 after buying an additional 87 shares during the period. SJS Investment Consulting Inc. boosted its position in shares of Advanced Drainage Systems by 78.1% in the first quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company's stock valued at $33,000 after acquiring an additional 107 shares during the period. Fifth Third Wealth Advisors LLC boosted its position in shares of Advanced Drainage Systems by 7.7% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,800 shares of the construction company's stock valued at $247,000 after acquiring an additional 128 shares during the period. Praxis Investment Management Inc. boosted its position in shares of Advanced Drainage Systems by 7.0% in the first quarter. Praxis Investment Management Inc. now owns 2,130 shares of the construction company's stock valued at $292,000 after acquiring an additional 140 shares during the period. Finally, Parallel Advisors LLC grew its stake in Advanced Drainage Systems by 18.0% during the first quarter. Parallel Advisors LLC now owns 1,027 shares of the construction company's stock valued at $141,000 after acquiring an additional 157 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Price Performance

WMS stock opened at $130.36 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.12 and a quick ratio of 1.18. Advanced Drainage Systems, Inc. has a one year low of $122.84 and a one year high of $179.32. The stock has a market cap of $9.83 billion, a PE ratio of 22.51, a P/E/G ratio of 1.50 and a beta of 1.29. The firm has a 50 day simple moving average of $131.88 and a two-hundred day simple moving average of $139.83.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The construction company reported $2.49 EPS for the quarter, topping analysts' consensus estimates of $2.10 by $0.39. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $991.39 million. Advanced Drainage Systems had a net margin of 14.00% and a return on equity of 28.28%. The business's revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.95 EPS. On average, analysts predict that Advanced Drainage Systems, Inc. will post 6.57 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 1st. Advanced Drainage Systems's dividend payout ratio is currently 13.82%.

Analyst Upgrades and Downgrades

WMS has been the topic of a number of analyst reports. Royal Bank Of Canada decreased their target price on shares of Advanced Drainage Systems from $178.00 to $170.00 and set an "outperform" rating on the stock in a report on Wednesday, October 14th. Zacks Research raised shares of Advanced Drainage Systems from a "strong sell" rating to a "hold" rating in a report on Monday, July 27th. Oppenheimer reduced their price target on shares of Advanced Drainage Systems from $190.00 to $185.00 and set an "outperform" rating for the company in a research report on Friday, October 9th. National Bank Financial set a $190.00 price target on shares of Advanced Drainage Systems in a research report on Monday, August 24th. Finally, Stephens reaffirmed an "overweight" rating and issued a $175.00 price target on shares of Advanced Drainage Systems in a report on Monday, September 21st. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $187.40.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc NYSE: WMS is a manufacturer of water management products and solutions. The company produces thermoplastic corrugated pipe, fittings, drainage structures, stormwater chambers and related products used to manage the collection, conveyance, storage and treatment of water.

Its products serve a range of markets, including residential, commercial, agricultural, infrastructure and environmental applications. Advanced Drainage Systems supplies solutions for stormwater management, septic and wastewater systems, highway and road construction, land development, agriculture and erosion control.

Founded in 1966 and headquartered in Hilliard, Ohio, the company serves customers through a manufacturing and distribution network primarily covering the United States and Canada, with additional international operations.

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