Advanced Drainage Systems, Inc. (NYSE:WMS) Stock Position Raised by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,988 shares of the construction company’s stock after acquiring an additional 357 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Advanced Drainage Systems were worth $799,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WMS. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Advanced Drainage Systems by 319.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock worth $26,000 after acquiring an additional 115 shares in the last quarter. West Oak Capital LLC boosted 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 worth $28,000 after buying an additional 100 shares during the period. Blue Trust Inc. boosted 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 worth $30,000 after buying an additional 162 shares during the period. Rise Advisors LLC acquired a new stake in shares of Advanced Drainage Systems in the first quarter worth $32,000. Finally, National Bank of Canada FI acquired a new stake in shares of Advanced Drainage Systems in the second quarter worth $45,000. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS opened at $153.23 on Wednesday. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 1.04. Advanced Drainage Systems, Inc. has a 1 year low of $102.32 and a 1 year high of $184.27. The business has a fifty day simple moving average of $155.36 and a 200 day simple moving average of $162.46. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 23.79, a P/E/G ratio of 1.26 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.08. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. The company had revenue of $815.34 million for the quarter, compared to analyst estimates of $828.00 million. As a group, sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.64 annualized dividend and a yield of 0.42%. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 9.94%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WMS shares. Barclays decreased their target price on Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Loop Capital decreased their target price on Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, August 12th. 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. StockNews.com cut Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Oppenheimer reiterated an “outperform” rating and set a $192.00 price objective on shares of Advanced Drainage Systems in a report on Thursday, August 15th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $190.14.

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.