D.B. Root & Company LLC Purchases 2,227 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

D.B. Root & Company LLC lifted its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 64.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,658 shares of the construction company’s stock after purchasing an additional 2,227 shares during the quarter. D.B. Root & Company LLC’s holdings in Advanced Drainage Systems were worth $654,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMS. CIBC Asset Management Inc grew its position 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 worth $357,000 after buying an additional 79 shares in the last quarter. CWM LLC boosted its position in shares of Advanced Drainage Systems by 18.1% during the 3rd quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after acquiring an additional 85 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after purchasing an additional 88 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Advanced Drainage Systems by 4.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock worth $379,000 after purchasing an additional 111 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in Advanced Drainage Systems by 8.8% in the third quarter. QRG Capital Management Inc. now owns 1,638 shares of the construction company’s stock valued at $257,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

WMS has been the subject of a number of research reports. Robert W. Baird cut their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Oppenheimer cut their target price on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. KeyCorp lowered their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Stephens reiterated an “equal weight” rating and issued a $135.00 price objective (down from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Finally, UBS Group raised Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $166.88.

Advanced Drainage Systems Stock Down 0.2 %

WMS opened at $125.04 on Thursday. Advanced Drainage Systems, Inc. has a 12 month low of $110.75 and a 12 month high of $184.27. 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 business’s 50-day moving average price is $123.71 and its 200-day moving average price is $143.78. The company has a market cap of $9.69 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.20 and a beta of 1.51.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). The company had revenue of $782.60 million during the quarter, compared to analysts’ expectations of $819.41 million. Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. Advanced Drainage Systems’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the firm earned $1.71 earnings per share. On average, equities analysts expect that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.16 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.64 annualized dividend and a yield of 0.51%. Advanced Drainage Systems’s payout ratio is currently 10.19%.

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.