Kestra Private Wealth Services LLC Has $441,000 Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Kestra Private Wealth Services LLC raised its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 36.4% in the 4th quarter, HoldingsChannel reports. The firm owned 3,815 shares of the construction company’s stock after buying an additional 1,018 shares during the period. Kestra Private Wealth Services LLC’s holdings in Advanced Drainage Systems were worth $441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Huntington National Bank lifted its holdings in shares of Advanced Drainage Systems by 123.1% during the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after buying an additional 213 shares in the last quarter. Millburn Ridgefield Corp lifted its holdings in shares of Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock worth $77,000 after buying an additional 424 shares in the last quarter. CWM LLC lifted its holdings in shares of Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after buying an additional 85 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after buying an additional 88 shares in the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of Advanced Drainage Systems during the fourth quarter worth $94,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

WMS has been the subject of a number of research reports. Stephens reissued an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. StockNews.com downgraded Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Friday. KeyCorp dropped their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. UBS Group raised Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a research note on Wednesday, January 8th. Finally, Robert W. Baird dropped their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $164.25.

Advanced Drainage Systems Stock Performance

Advanced Drainage Systems stock opened at $126.84 on Monday. Advanced Drainage Systems, Inc. has a 12-month low of $110.75 and a 12-month high of $184.27. The company has a quick ratio of 2.15, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The business’s 50-day moving average price is $120.74 and its two-hundred day moving average price is $138.30. The stock has a market cap of $9.84 billion, a PE ratio of 21.21, a P/E/G ratio of 1.13 and a beta of 1.52.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. As a group, analysts expect that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is presently 10.70%.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.