SG Americas Securities LLC Sells 19,200 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

SG Americas Securities LLC reduced its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 81.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,445 shares of the construction company’s stock after selling 19,200 shares during the period. SG Americas Securities LLC’s holdings in Advanced Drainage Systems were worth $699,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position 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 buying an additional 115 shares in the last quarter. West Oak Capital LLC boosted its position in 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 purchasing an additional 100 shares during the last quarter. Blue Trust Inc. grew its stake in 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. Rise Advisors LLC purchased a new position in shares of Advanced Drainage Systems in the 1st quarter worth about $32,000. Finally, National Bank of Canada FI bought a new position in shares of Advanced Drainage Systems during the 2nd quarter valued at approximately $45,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Performance

NYSE:WMS opened at $153.01 on Monday. Advanced Drainage Systems, Inc. has a twelve month low of $102.32 and a twelve month high of $184.27. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 1.04. The stock has a market cap of $11.86 billion, a P/E ratio of 23.76, a PEG ratio of 1.28 and a beta of 1.53. The business’s 50-day moving average price is $151.46 and its two-hundred day moving average price is $161.39.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $815.34 million for the quarter, compared to the consensus estimate of $828.00 million. As a group, equities analysts predict that Advanced Drainage Systems, Inc. will post 6.95 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors 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 0.42%. Advanced Drainage Systems’s dividend payout ratio is presently 9.94%.

Analyst Ratings Changes

A number of equities research analysts recently commented on WMS shares. Oppenheimer reaffirmed an “outperform” rating and issued a $192.00 price target on shares of Advanced Drainage Systems in a report on Thursday, August 15th. Loop Capital dropped their price target 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. Barclays reduced their price target 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. StockNews.com downgraded Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Robert W. Baird decreased their price target on Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.