Commonwealth Equity Services LLC Boosts Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Commonwealth Equity Services LLC boosted its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 26.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,022 shares of the construction company’s stock after purchasing an additional 3,107 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Advanced Drainage Systems were worth $2,409,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in Advanced Drainage Systems by 29.4% during the first quarter. GAMMA Investing LLC now owns 273 shares of the construction company’s stock valued at $47,000 after acquiring an additional 62 shares in the last quarter. ORG Partners LLC increased its stake in Advanced Drainage Systems by 15.6% in the 1st quarter. ORG Partners LLC now owns 490 shares of the construction company’s stock worth $83,000 after acquiring an additional 66 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Advanced Drainage Systems by 10.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the construction company’s stock valued at $164,000 after acquiring an additional 95 shares during the last quarter. West Oak Capital LLC grew its holdings in shares of Advanced Drainage Systems by 133.3% in the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after purchasing an additional 100 shares in the last quarter. Finally, Argent Capital Management LLC increased its position in Advanced Drainage Systems by 0.5% in the first quarter. Argent Capital Management LLC now owns 20,504 shares of the construction company’s stock worth $3,532,000 after purchasing an additional 104 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on WMS shares. Robert W. Baird dropped their price target on Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Stephens boosted their price objective on shares of Advanced Drainage Systems from $182.00 to $193.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Loop Capital cut 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. Barclays decreased their price objective on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, KeyCorp upped their target price on Advanced Drainage Systems from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. One investment 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, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and a consensus target price of $190.14.

Advanced Drainage Systems Stock Up 1.0 %

Shares of NYSE WMS opened at $144.43 on Friday. Advanced Drainage Systems, Inc. has a 52-week low of $102.32 and a 52-week high of $184.27. The firm has a market capitalization of $11.20 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 1.15 and a beta of 1.53. The stock has a 50 day moving average price of $156.92 and a 200 day moving average price of $163.18. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.90 and a current ratio of 2.89.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share 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 analysts’ expectations of $828.00 million. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. Sell-side analysts expect that Advanced Drainage Systems, Inc. will post 7.18 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders 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 0.44%. The ex-dividend date is Friday, August 30th. Advanced Drainage Systems’s dividend payout ratio (DPR) is 9.94%.

Advanced Drainage Systems Company 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.