Two Sigma Advisers LP Cuts Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Two Sigma Advisers LP lowered its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 37.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,800 shares of the construction company's stock after selling 2,300 shares during the quarter. Two Sigma Advisers LP's holdings in Advanced Drainage Systems were worth $439,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in WMS. Blue Trust Inc. lifted its holdings in Advanced Drainage Systems by 12.0% during the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock valued at $116,000 after purchasing an additional 108 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of 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 worth $276,000 after buying an additional 119 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of 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 worth $231,000 after buying an additional 125 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Advanced Drainage Systems by 18.3% in the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock worth $102,000 after buying an additional 137 shares in the last quarter. Finally, Isthmus Partners LLC lifted its holdings in shares of Advanced Drainage Systems by 5.9% in the fourth quarter. Isthmus Partners LLC now owns 2,725 shares of the construction company's stock worth $315,000 after buying an additional 153 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Price Performance

NYSE WMS traded up $0.02 during trading hours on Friday, reaching $114.96. The company's stock had a trading volume of 660,577 shares, compared to its average volume of 608,170. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 1.13 and a beta of 1.25. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The firm's 50-day moving average price is $110.45 and its 200-day moving average price is $116.20. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $179.57.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The construction company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.06). The business had revenue of $615.76 million during the quarter, compared to the consensus estimate of $653.22 million. Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. The business's revenue was down 5.8% compared to the same quarter last year. During the same period last year, the company earned $1.23 EPS. On average, equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be 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 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Friday, May 30th. Advanced Drainage Systems's dividend payout ratio (DPR) is currently 12.50%.

Analyst Ratings Changes

WMS has been the topic of several research analyst reports. Robert W. Baird decreased their price objective on shares of Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. UBS Group dropped their price target on Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" 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 stock 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, Loop Capital dropped their price target on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating for the company in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.