GAMMA Investing LLC Has $9.59 Million Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

GAMMA Investing LLC boosted its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 28,921.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 88,224 shares of the construction company's stock after buying an additional 87,920 shares during the quarter. GAMMA Investing LLC owned approximately 0.11% of Advanced Drainage Systems worth $9,586,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMS. CIBC Asset Management Inc grew its stake in Advanced Drainage Systems by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,390 shares of the construction company's stock valued at $276,000 after purchasing an additional 119 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its stake in Advanced Drainage Systems by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company's stock valued at $231,000 after purchasing an additional 125 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Advanced Drainage Systems by 18.3% in the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock valued at $102,000 after purchasing an additional 137 shares in the last quarter. Isthmus Partners LLC grew its stake in Advanced Drainage Systems by 5.9% in the fourth quarter. Isthmus Partners LLC now owns 2,725 shares of the construction company's stock valued at $315,000 after purchasing an additional 153 shares in the last quarter. Finally, Nicolet Advisory Services LLC grew its stake in Advanced Drainage Systems by 4.1% in the fourth quarter. Nicolet Advisory Services LLC now owns 4,024 shares of the construction company's stock valued at $454,000 after purchasing an additional 157 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

WMS has been the subject of a number of analyst reports. Wall Street Zen downgraded Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Robert W. Baird decreased their price target on Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Barclays raised their price target on Advanced Drainage Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Deutsche Bank Aktiengesellschaft initiated coverage on Advanced Drainage Systems in a research note on Tuesday, April 1st. They issued a "buy" rating and a $134.00 price target for the company. Finally, Oppenheimer decreased their price target on Advanced Drainage Systems from $165.00 to $160.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. One research 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $139.88.

Advanced Drainage Systems Stock Performance

Shares of NYSE WMS traded down $1.24 during midday trading on Wednesday, hitting $116.99. 768,445 shares of the company's stock were exchanged, compared to its average volume of 609,063. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $179.57. The company's 50 day moving average price is $111.21 and its 200 day moving average price is $116.11. The firm has a market capitalization of $9.08 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $615.76 million for the quarter, compared to analyst estimates of $653.22 million. Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. The business's revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 earnings per share. As a group, analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a $0.18 dividend. The ex-dividend date is Friday, May 30th. This is a boost from Advanced Drainage Systems's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 0.62%. Advanced Drainage Systems's payout ratio is currently 12.50%.

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.