Pacer Advisors Inc. Has $1.64 Million Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Pacer Advisors Inc. trimmed its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 42.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,232 shares of the construction company’s stock after selling 7,579 shares during the period. Pacer Advisors Inc.’s holdings in Advanced Drainage Systems were worth $1,641,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co boosted its stake in shares of Advanced Drainage Systems by 24.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 63,780 shares of the construction company’s stock worth $11,006,000 after buying an additional 12,655 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Advanced Drainage Systems by 10.3% during the 1st quarter. Nordea Investment Management AB now owns 121,851 shares of the construction company’s stock worth $21,178,000 after buying an additional 11,423 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of Advanced Drainage Systems during the 1st quarter worth about $525,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Advanced Drainage Systems by 16.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 139,677 shares of the construction company’s stock worth $24,059,000 after buying an additional 19,626 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Advanced Drainage Systems by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company’s stock valued at $1,251,353,000 after purchasing an additional 395,099 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Oppenheimer reiterated an “outperform” rating and issued a $192.00 target price on shares of Advanced Drainage Systems in a research note on Thursday, August 15th. Robert W. Baird cut their target price on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. StockNews.com downgraded shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Barclays cut their target price 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, Loop Capital cut their target price on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, August 12th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $190.14.

Advanced Drainage Systems Trading Up 3.1 %

Shares of WMS stock opened at $156.82 on Friday. The firm has a 50 day moving average price of $154.76 and a two-hundred day moving average price of $162.35. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $12.16 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 1.30 and a beta of 1.53. Advanced Drainage Systems, Inc. has a 12-month low of $102.32 and a 12-month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last issued 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 firm 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, analysts predict that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.41%. Advanced Drainage Systems’s dividend payout ratio is presently 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.