Entropy Technologies LP Decreases Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Key Points

• Entropy Technologies LP has reduced its stake in Advanced Drainage Systems by 60.6%, leaving it with 3,688 shares valued at $401,000.
• Advanced Drainage Systems recently reported a quarterly earnings per share (EPS) of $1.95, exceeding estimates and revealing a 1.8% increase in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.18, representing an annualized yield of 0.5% and a payout ratio of 13.00%.

Entropy Technologies LP reduced its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 60.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,688 shares of the construction company's stock after selling 5,662 shares during the quarter. Entropy Technologies LP's holdings in Advanced Drainage Systems were worth $401,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WMS. Envestnet Asset Management Inc. raised its position in Advanced Drainage Systems by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 63,540 shares of the construction company's stock valued at $7,345,000 after acquiring an additional 308 shares in the last quarter. Advisory Services Network LLC purchased a new position in Advanced Drainage Systems during the fourth quarter valued at approximately $353,000. Raymond James Financial Inc. purchased a new stake in shares of Advanced Drainage Systems in the fourth quarter valued at approximately $2,025,000. Treasurer of the State of North Carolina increased its position in shares of Advanced Drainage Systems by 3.6% in 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 buying an additional 1,152 shares in the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of Advanced Drainage Systems by 42.8% in the fourth quarter. Sterling Capital Management LLC now owns 3,030 shares of the construction company's stock valued at $350,000 after buying an additional 908 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Drainage Systems Trading Down 0.2%

Advanced Drainage Systems stock traded down $0.31 during mid-day trading on Friday, hitting $138.98. The company's stock had a trading volume of 645,898 shares, compared to its average volume of 819,976. The firm has a market capitalization of $10.81 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.85 and a beta of 1.27. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $166.03. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. The stock's fifty day moving average is $118.96 and its two-hundred day moving average is $114.82.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.17. The company had revenue of $829.88 million during the quarter, compared to analyst estimates of $800.54 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%. The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.06 earnings per share. On average, analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.5%. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 13.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. KeyCorp boosted their price objective on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Royal Bank Of Canada assumed coverage on Advanced Drainage Systems in a research report on Monday, August 11th. They issued an "outperform" rating and a $159.00 price objective for the company. Barclays boosted their price objective on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Oppenheimer restated an "outperform" rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Finally, Robert W. Baird set a $166.00 target price on shares of Advanced Drainage Systems in a report on Friday, August 8th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $152.56.

Advanced Drainage Systems 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.