Intech Investment Management LLC Purchases Shares of 4,879 Advanced Drainage Systems, Inc. (NYSE:WMS)

Intech Investment Management LLC acquired a new position in Advanced Drainage Systems, Inc. (NYSE:WMS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,879 shares of the construction company’s stock, valued at approximately $564,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of WMS. Millburn Ridgefield Corp increased its stake in Advanced Drainage Systems by 642.4% in the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock worth $77,000 after purchasing an additional 424 shares during the period. UMB Bank n.a. grew its holdings in shares of Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after purchasing an additional 88 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Advanced Drainage Systems in the fourth quarter worth $94,000. First Horizon Advisors Inc. raised its holdings in Advanced Drainage Systems by 18.3% during the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock valued at $102,000 after buying an additional 137 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock valued at $116,000 after buying an additional 108 shares during the period. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. UBS Group raised shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Wednesday, January 8th. StockNews.com raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Loop Capital cut their price objective on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Stephens restated an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. Finally, Barclays cut their price target on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.25.

Advanced Drainage Systems Price Performance

WMS opened at $111.05 on Tuesday. Advanced Drainage Systems, Inc. has a 12-month low of $101.90 and a 12-month high of $184.27. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The stock has a fifty day simple moving average of $117.92 and a two-hundred day simple moving average of $131.03.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly 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%. Research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.16 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.58%. Advanced Drainage Systems’s payout ratio is currently 10.70%.

About Advanced Drainage Systems

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.