Dana Investment Advisors Inc. Has $1.74 Million Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Dana Investment Advisors Inc. decreased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,822 shares of the construction company’s stock after selling 278 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Advanced Drainage Systems were worth $1,736,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Advanced Drainage Systems by 319.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock valued at $26,000 after buying an additional 115 shares during the period. Blue Trust Inc. lifted its stake in shares of Advanced Drainage Systems by 1,472.7% in the 2nd quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock valued at $30,000 after purchasing an additional 162 shares during the period. West Oak Capital LLC boosted its position in shares of Advanced Drainage Systems by 133.3% during the 2nd 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. Rise Advisors LLC acquired a new stake in Advanced Drainage Systems during the first quarter worth approximately $32,000. Finally, 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 worth $47,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WMS shares. StockNews.com cut Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report 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 on the stock in a research note on Friday, August 9th. Loop Capital decreased their price target 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. Oppenheimer reissued an “outperform” rating and set a $192.00 price objective on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. Finally, Robert W. Baird decreased their target price 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $190.14.

Advanced Drainage Systems Price Performance

WMS stock opened at $156.08 on Thursday. 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 business has a 50-day simple moving average of $153.90 and a two-hundred day simple moving average of $162.22. Advanced Drainage Systems, Inc. has a 52-week low of $102.32 and a 52-week high of $184.27. The company has a market capitalization of $12.10 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 1.36 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, August 8th. The construction company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.98 by $0.08. Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. The company had revenue of $815.34 million during the quarter, compared to the consensus estimate of $828.00 million. Research analysts expect that Advanced Drainage Systems, Inc. will post 6.95 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a yield of 0.41%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 9.94%.

About Advanced Drainage Systems

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.