Algebris UK Ltd Purchases New Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Algebris UK Ltd acquired a new position in Advanced Drainage Systems, Inc. (NYSE:WMS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,312 shares of the construction company’s stock, valued at approximately $481,000.

Several other institutional investors also recently modified their holdings of the company. Swedbank AB lifted its holdings in shares of Advanced Drainage Systems by 5.8% during the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock worth $217,553,000 after acquiring an additional 75,455 shares during the period. Huntington National Bank lifted its stake in Advanced Drainage Systems by 123.1% during the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after purchasing an additional 213 shares during the period. CIBC Asset Management Inc boosted its holdings in Advanced Drainage Systems by 3.6% during the third quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock valued at $357,000 after purchasing an additional 79 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Advanced Drainage Systems by 2.6% in the 3rd quarter. Natixis Advisors LLC now owns 21,711 shares of the construction company’s stock valued at $3,412,000 after purchasing an additional 550 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of Advanced Drainage Systems by 4.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock worth $379,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Down 0.2 %

NYSE:WMS opened at $109.73 on Wednesday. The company has a market cap of $8.51 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 1.13 and a beta of 1.61. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The stock’s fifty day moving average price is $118.26 and its two-hundred day moving average price is $132.07. Advanced Drainage Systems, Inc. has a 52-week low of $101.90 and a 52-week high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is presently 10.70%.

Wall Street Analyst Weigh In

Several analysts recently commented on WMS shares. StockNews.com raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Wednesday, January 8th. Stephens reiterated an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Barclays reduced their price target on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Finally, Loop Capital dropped their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Advanced Drainage Systems has an average rating of “Moderate Buy” and an average price target of $164.25.

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.