Two Sigma Investments LP Takes $535,000 Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Two Sigma Investments LP bought a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,632 shares of the construction company's stock, valued at approximately $535,000.

Other institutional investors also recently modified their holdings of the company. Spire Wealth Management bought a new position in Advanced Drainage Systems in the 4th quarter worth approximately $94,000. First Horizon Advisors Inc. raised its position in Advanced Drainage Systems by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock worth $102,000 after purchasing an additional 137 shares during the period. Headlands Technologies LLC grew its position in Advanced Drainage Systems by 1,298.6% during the 4th quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock worth $118,000 after acquiring an additional 948 shares during the last quarter. State of Wyoming boosted its position in Advanced Drainage Systems by 574.6% during the 4th quarter. State of Wyoming now owns 1,302 shares of the construction company's stock valued at $151,000 after buying an additional 1,109 shares during the period. Finally, Applied Finance Capital Management LLC purchased a new stake in shares of Advanced Drainage Systems during the fourth quarter worth about $202,000. 89.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WMS shares. KeyCorp dropped their price target on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Loop Capital reduced their target price on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a report on Friday, May 16th. Barclays lifted their target price on Advanced Drainage Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Wall Street Zen cut shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Advanced Drainage Systems in a report on Tuesday, April 1st. They issued a "buy" rating and a $134.00 price objective for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $139.88.

Advanced Drainage Systems Stock Performance

Shares of WMS stock traded down $1.53 during trading hours on Thursday, hitting $115.57. The company's stock had a trading volume of 658,336 shares, compared to its average volume of 609,259. The stock has a market cap of $8.97 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $179.57. The company has a 50 day moving average of $111.21 and a 200 day moving average of $116.11. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued 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). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. The business had revenue of $615.76 million during the quarter, compared to analyst estimates of $653.22 million. During the same period in the previous year, the business posted $1.23 earnings per share. The firm's revenue for the quarter was down 5.8% on a year-over-year basis. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.18 per share. The ex-dividend date is Friday, May 30th. This represents a $0.72 dividend on an annualized basis and a yield of 0.62%. This is a positive change from Advanced Drainage Systems's previous quarterly dividend of $0.16. Advanced Drainage Systems's payout ratio is 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.