Crossmark Global Holdings Inc. Has $786,000 Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Crossmark Global Holdings Inc. lifted its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 12.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,999 shares of the construction company’s stock after purchasing an additional 566 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Advanced Drainage Systems were worth $786,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. QRG Capital Management Inc. acquired a new stake in shares of Advanced Drainage Systems in the 1st quarter valued at about $201,000. Russell Investments Group Ltd. lifted its stake in Advanced Drainage Systems by 63.0% in the 1st quarter. Russell Investments Group Ltd. now owns 66,714 shares of the construction company’s stock valued at $11,474,000 after acquiring an additional 25,786 shares in the last quarter. US Bancorp DE boosted its position in Advanced Drainage Systems by 11.8% during the 1st quarter. US Bancorp DE now owns 2,475 shares of the construction company’s stock worth $426,000 after acquiring an additional 262 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Advanced Drainage Systems during the 1st quarter worth approximately $346,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Advanced Drainage Systems by 319.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock valued at $26,000 after purchasing an additional 115 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Barclays reduced their target price on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Loop Capital decreased their price objective on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a report on Monday, November 11th. Oppenheimer dropped their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Stephens restated an “equal weight” rating and issued a $135.00 price target (down from $170.00) on shares of Advanced Drainage Systems in a research note on Wednesday. Finally, Robert W. Baird cut their price objective on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and an average price target of $170.29.

Advanced Drainage Systems Stock Up 0.8 %

WMS stock opened at $131.36 on Friday. Advanced Drainage Systems, Inc. has a 1-year low of $116.98 and a 1-year high of $184.27. The business’s 50 day simple moving average is $150.26 and its 200 day simple moving average is $158.75. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $10.18 billion, a PE ratio of 20.92, a PEG ratio of 1.20 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.23). The company had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. Advanced Drainage Systems’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.71 earnings per share. As a group, research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, December 2nd. Advanced Drainage Systems’s dividend payout ratio is presently 10.19%.

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.