Dempze Nancy E Lowers Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Dempze Nancy E trimmed its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 13.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the construction company’s stock after selling 1,500 shares during the quarter. Dempze Nancy E’s holdings in Advanced Drainage Systems were worth $1,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Advanced Drainage Systems by 50.8% during the third quarter. FMR LLC now owns 54,341 shares of the construction company’s stock worth $8,540,000 after purchasing an additional 18,313 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in Advanced Drainage Systems in the 3rd quarter worth approximately $259,000. Holocene Advisors LP bought a new position in shares of Advanced Drainage Systems in the 3rd quarter worth $3,342,000. State Street Corp raised its position in shares of Advanced Drainage Systems by 8.8% during the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock valued at $399,452,000 after buying an additional 206,105 shares in the last quarter. Finally, Zacks Investment Management bought a new stake in shares of Advanced Drainage Systems during the 3rd quarter worth $2,694,000. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Stock Down 2.3 %

Shares of NYSE WMS opened at $100.82 on Friday. The firm’s fifty day moving average is $115.03 and its 200 day moving average is $128.99. Advanced Drainage Systems, Inc. has a 52 week low of $95.39 and a 52 week high of $184.27. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The company has a market cap of $7.82 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.13 and a beta of 1.48.

Advanced Drainage Systems (NYSE:WMS) last released 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, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share 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 given a $0.16 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.63%. Advanced Drainage Systems’s dividend payout ratio is currently 10.70%.

Analyst Upgrades and Downgrades

WMS has been the topic of a number of research reports. Loop Capital lowered their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Stephens reissued an “equal weight” rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft assumed coverage on Advanced Drainage Systems in a research note on Tuesday. They issued a “buy” rating and a $134.00 target price for the company. StockNews.com downgraded shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, UBS Group raised shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $160.89.

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.