Two Sigma Investments LP Purchases Shares of 4,632 Advanced Drainage Systems, Inc. (NYSE:WMS)

Two Sigma Investments LP purchased a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,632 shares of the construction company's stock, valued at approximately $535,000.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Advanced Drainage Systems by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company's stock valued at $847,610,000 after buying an additional 52,799 shares in the last quarter. Impax Asset Management Group plc increased its holdings in shares of Advanced Drainage Systems by 34.6% in the fourth quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company's stock valued at $291,723,000 after buying an additional 650,052 shares in the last quarter. First Trust Advisors LP grew its position in Advanced Drainage Systems by 45.8% during the 4th quarter. First Trust Advisors LP now owns 1,732,827 shares of the construction company's stock worth $200,315,000 after purchasing an additional 544,109 shares in the last quarter. American Century Companies Inc. grew its position in Advanced Drainage Systems by 1.2% during the 4th quarter. American Century Companies Inc. now owns 1,402,447 shares of the construction company's stock worth $162,123,000 after purchasing an additional 16,415 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Advanced Drainage Systems by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,192,746 shares of the construction company's stock worth $137,924,000 after purchasing an additional 5,868 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WMS. Barclays lifted their price objective on shares of Advanced Drainage Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. UBS Group lowered their price objective on shares of Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. Loop Capital lowered their price objective on shares of Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. Robert W. Baird lowered 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. Finally, KeyCorp lowered their price objective on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $139.88.

Advanced Drainage Systems Trading Up 0.0%

Advanced Drainage Systems stock opened at $114.96 on Monday. The company's fifty day simple moving average is $110.45 and its 200-day simple moving average is $116.20. 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 stock has a market cap of $8.93 billion, a P/E ratio of 19.22, a P/E/G ratio of 1.13 and a beta of 1.25.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The construction company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.06). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. The company had revenue of $615.76 million for the quarter, compared to analysts' expectations of $653.22 million. During the same quarter in the prior year, the firm earned $1.23 earnings per share. The company's revenue was down 5.8% on a year-over-year basis. As a group, sell-side analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors 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 dividend on an annualized basis and a yield of 0.63%. Advanced Drainage Systems's dividend 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.

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