Hantz Financial Services Inc. Takes $1.07 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Hantz Financial Services Inc. acquired a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 6,651 shares of the construction company’s stock, valued at approximately $1,067,000.

Other hedge funds have also recently bought and sold shares of the company. Swedbank AB bought a new stake in shares of Advanced Drainage Systems during the 1st quarter worth $220,853,000. Norges Bank acquired a new position in shares of Advanced Drainage Systems in the fourth quarter worth about $88,640,000. Vanguard Group Inc. increased its position in shares of Advanced Drainage Systems by 5.8% in the first quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company’s stock worth $1,251,353,000 after acquiring an additional 395,099 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Advanced Drainage Systems by 107.4% in the 4th quarter. Wellington Management Group LLP now owns 567,504 shares of the construction company’s stock valued at $79,814,000 after acquiring an additional 293,924 shares in the last quarter. Finally, KBC Group NV boosted its stake in Advanced Drainage Systems by 78.5% in the 4th quarter. KBC Group NV now owns 659,483 shares of the construction company’s stock worth $92,750,000 after purchasing an additional 289,925 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Up 0.5 %

Shares of WMS stock opened at $156.76 on Friday. The company has a market capitalization of $12.15 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 1.28 and a beta of 1.55. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.90 and a current ratio of 2.89. The stock’s 50 day simple moving average is $159.61 and its 200 day simple moving average is $164.33. Advanced Drainage Systems, Inc. has a twelve month low of $102.32 and a twelve month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, August 8th. The construction company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.08. The business had revenue of $815.34 million during the quarter, compared to the consensus estimate of $828.00 million. Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. As a group, research analysts predict that Advanced Drainage Systems, Inc. will post 7.18 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Friday, August 30th. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 9.94%.

Wall Street Analysts Forecast Growth

WMS has been the subject of a number of research analyst reports. Stephens increased their target price on Advanced Drainage Systems from $182.00 to $193.00 and gave the company an “overweight” rating in a report on Friday, May 17th. KeyCorp increased their price target on shares of Advanced Drainage Systems from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Oppenheimer reaffirmed an “outperform” rating and set a $192.00 price objective on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. Loop Capital lowered their price target on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Finally, Barclays reduced their price objective on Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.14.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.