Jupiter Asset Management Ltd. Sells 4,652 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Key Points

• Jupiter Asset Management Ltd. reduced its stake in Advanced Drainage Systems by 2.6%, selling 4,652 shares and now holds approximately 0.23% of the company worth $19 million.
• Advanced Drainage Systems reported an earnings per share (EPS) of $1.03 for the last quarter, missing expectations and representing a 5.8% decline in revenue compared to the same quarter last year.
• The company has increased its quarterly dividend to $0.18 per share, reflecting a yield of 0.6% and a dividend payout ratio of 12.50%.

Jupiter Asset Management Ltd. decreased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,933 shares of the construction company's stock after selling 4,652 shares during the quarter. Jupiter Asset Management Ltd. owned approximately 0.23% of Advanced Drainage Systems worth $19,006,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMS. US Bancorp DE increased its stake in shares of Advanced Drainage Systems by 5.7% in the first quarter. US Bancorp DE now owns 2,017 shares of the construction company's stock valued at $219,000 after purchasing an additional 109 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Advanced Drainage Systems by 76.2% in the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock valued at $29,000 after acquiring an additional 115 shares in the last quarter. Phoenix Financial Ltd. boosted its holdings in shares of Advanced Drainage Systems by 5.2% in the first quarter. Phoenix Financial Ltd. now owns 2,463 shares of the construction company's stock valued at $269,000 after acquiring an additional 121 shares in the last quarter. Isthmus Partners LLC boosted its holdings in shares of Advanced Drainage Systems by 5.5% in the first quarter. Isthmus Partners LLC now owns 2,875 shares of the construction company's stock valued at $312,000 after acquiring an additional 150 shares in the last quarter. Finally, Applied Finance Capital Management LLC boosted its holdings in shares of Advanced Drainage Systems by 8.7% in the first quarter. Applied Finance Capital Management LLC now owns 1,896 shares of the construction company's stock valued at $206,000 after acquiring an additional 152 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Advanced Drainage Systems Trading Up 15.5%

Advanced Drainage Systems stock traded up $17.63 during midday trading on Thursday, reaching $131.54. The stock had a trading volume of 619,542 shares, compared to its average volume of 683,427. The firm's fifty day simple moving average is $115.51 and its two-hundred day simple moving average is $114.35. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $166.03. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.33 and a quick ratio of 2.10. The firm has a market cap of $10.21 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 1.70 and a beta of 1.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 EPS for the quarter, topping analysts' consensus estimates of $1.77 by $0.18. Advanced Drainage Systems had a net margin of 15.50% and a return on equity of 32.33%. During the same period last year, the business posted $2.06 earnings per share. The firm's revenue for the quarter was up 1.8% on a year-over-year basis. Equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. Advanced Drainage Systems's payout ratio is 12.50%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Oppenheimer decreased their price objective on shares of Advanced Drainage Systems from $165.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. UBS Group decreased their price objective on shares of Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating for the company in a report on Friday, May 16th. Barclays raised their target price on shares of Advanced Drainage Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Robert W. Baird reduced their target price on shares of Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating for the company in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.