Jump Financial LLC Makes New $435,000 Investment in Advanced Drainage Systems, Inc. (NYSE:WMS)

Jump Financial LLC bought a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,761 shares of the construction company's stock, valued at approximately $435,000.

Several other hedge funds have also recently added to or reduced their stakes in WMS. Assenagon Asset Management S.A. grew its stake in shares of Advanced Drainage Systems by 50.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company's stock worth $11,186,000 after purchasing an additional 32,418 shares in the last quarter. KBC Group NV grew its stake in shares of Advanced Drainage Systems by 21.2% in the fourth quarter. KBC Group NV now owns 738,749 shares of the construction company's stock worth $85,399,000 after purchasing an additional 129,252 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Advanced Drainage Systems by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 593,562 shares of the construction company's stock worth $68,616,000 after purchasing an additional 31,510 shares in the last quarter. D.B. Root & Company LLC grew its stake in shares of Advanced Drainage Systems by 64.9% in the fourth quarter. D.B. Root & Company LLC now owns 5,658 shares of the construction company's stock worth $654,000 after purchasing an additional 2,227 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Advanced Drainage Systems by 14.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 163,910 shares of the construction company's stock worth $18,948,000 after purchasing an additional 20,146 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. 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. Barclays cut their price target on Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. StockNews.com downgraded Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. Loop Capital cut their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Finally, UBS Group raised Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $153.78.

Advanced Drainage Systems Stock Performance

NYSE:WMS traded up $0.18 during trading hours on Wednesday, hitting $113.55. 551,786 shares of the company traded hands, compared to its average volume of 577,380. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $184.27. The firm has a 50-day moving average of $108.43 and a 200 day moving average of $122.51. 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 announced its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. On average, analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is 10.70%.

Advanced Drainage Systems Company 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.