Isthmus Partners LLC Has $315,000 Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Isthmus Partners LLC boosted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,725 shares of the construction company’s stock after buying an additional 153 shares during the period. Isthmus Partners LLC’s holdings in Advanced Drainage Systems were worth $315,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Advanced Drainage Systems by 5.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 102,517 shares of the construction company’s stock valued at $11,851,000 after acquiring an additional 5,169 shares during the period. Essex Investment Management Co. LLC lifted its holdings in shares of Advanced Drainage Systems by 29.8% during the fourth quarter. Essex Investment Management Co. LLC now owns 12,684 shares of the construction company’s stock valued at $1,466,000 after acquiring an additional 2,909 shares during the period. Amundi lifted its holdings in shares of Advanced Drainage Systems by 72.2% during the fourth quarter. Amundi now owns 854,764 shares of the construction company’s stock valued at $98,678,000 after acquiring an additional 358,271 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Advanced Drainage Systems by 7.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company’s stock valued at $231,000 after acquiring an additional 125 shares during the period. Finally, Geneva Capital Management LLC lifted its holdings in shares of Advanced Drainage Systems by 5.7% during the fourth quarter. Geneva Capital Management LLC now owns 213,650 shares of the construction company’s stock valued at $24,698,000 after acquiring an additional 11,522 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

Shares of NYSE:WMS opened at $114.04 on Tuesday. The stock has a market capitalization of $8.85 billion, a P/E ratio of 19.07, a P/E/G ratio of 1.13 and a beta of 1.61. Advanced Drainage Systems, Inc. has a 1-year low of $101.90 and a 1-year high of $184.27. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average price of $118.99 and a two-hundred day moving average price of $134.20.

Advanced Drainage Systems (NYSE:WMS) last posted its 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 return on equity of 35.79% and a net margin of 15.90%. Equities analysts predict 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 will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.16 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.56%. Advanced Drainage Systems’s dividend payout ratio is presently 10.70%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. StockNews.com raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. 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 report on Friday, February 7th. Oppenheimer cut their price target on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Barclays cut their price target on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Finally, KeyCorp cut their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.