ELCO Management Co. LLC Buys 2,676 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

ELCO Management Co. LLC grew its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 115.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,995 shares of the construction company's stock after purchasing an additional 2,676 shares during the period. ELCO Management Co. LLC's holdings in Advanced Drainage Systems were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of Advanced Drainage Systems during the first quarter valued at about $26,000. Bessemer Group Inc. raised its holdings in shares of Advanced Drainage Systems by 76.2% during the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock valued at $29,000 after purchasing an additional 115 shares during the period. Mascagni Wealth Management Inc. acquired a new stake in shares of Advanced Drainage Systems in the 4th quarter worth about $74,000. GAMMA Investing LLC raised its holdings in shares of Advanced Drainage Systems by 167.1% in the 1st quarter. GAMMA Investing LLC now owns 812 shares of the construction company's stock worth $88,000 after acquiring an additional 508 shares during the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of Advanced Drainage Systems by 1,298.6% in 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 last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

WMS has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Advanced Drainage Systems in a report on Tuesday, April 1st. They issued a "buy" rating and a $134.00 target price on the stock. KeyCorp lowered their target price on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen lowered shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Robert W. Baird reduced their price objective on shares of Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Finally, Loop Capital reduced their price objective on shares of Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating for the company in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $139.88.

Advanced Drainage Systems Trading Down 1.5%

Shares of WMS stock traded down $1.82 on Friday, hitting $120.37. 460,011 shares of the company's stock traded hands, compared to its average volume of 631,781. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.10 and a current ratio of 3.33. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year high of $179.57. The company's fifty day simple moving average is $115.67 and its 200 day simple moving average is $114.55. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 1.74 and a beta of 1.24.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The construction company reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.09 by ($0.06). The firm had revenue of $615.76 million during the quarter, compared to the consensus estimate of $653.22 million. Advanced Drainage Systems had a return on equity of 32.33% and a net margin of 15.50%. Advanced Drainage Systems's revenue was down 5.8% on a year-over-year basis. During the same period last year, the business earned $1.23 EPS. Equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a dividend of $0.18 per share. This is a boost from Advanced Drainage Systems's previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Friday, May 30th. Advanced Drainage Systems's dividend payout ratio (DPR) is 12.50%.

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.