Creative Planning Purchases 401 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Creative Planning grew its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 9.3% during the second quarter, HoldingsChannel reports. The firm owned 4,701 shares of the construction company’s stock after buying an additional 401 shares during the quarter. Creative Planning’s holdings in Advanced Drainage Systems were worth $754,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of WMS. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of 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 purchasing an additional 115 shares during the period. West Oak Capital LLC raised its position 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 during the period. Blue Trust Inc. raised its position in shares of Advanced Drainage Systems by 1,472.7% in the second 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. Rise Advisors LLC bought a new position in shares of Advanced Drainage Systems in the first quarter valued at approximately $32,000. Finally, National Bank of Canada FI bought a new position in shares of Advanced Drainage Systems in the second quarter valued at approximately $45,000. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Up 1.4 %

Shares of NYSE WMS opened at $153.01 on Friday. The business has a fifty day moving average of $151.46 and a two-hundred day moving average of $161.46. 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, Inc. has a 52-week low of $102.32 and a 52-week high of $184.27. The stock has a market cap of $11.86 billion, a PE ratio of 24.21, a PEG ratio of 1.28 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share (EPS) for the quarter, beating 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, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.16 per share. 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 0.42%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.13%.

Wall Street Analysts Forecast Growth

WMS has been the topic of several research analyst reports. StockNews.com downgraded shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Robert W. Baird lowered their price objective on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Loop Capital lowered their price objective on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Oppenheimer restated an “outperform” rating and issued a $192.00 price objective on shares of Advanced Drainage Systems in a research note on Thursday, August 15th. Finally, Barclays decreased their price target 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. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock 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.