Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Entropy Technologies LP

Entropy Technologies LP decreased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 13.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 9,350 shares of the construction company’s stock after selling 1,510 shares during the quarter. Entropy Technologies LP’s holdings in Advanced Drainage Systems were worth $1,081,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of WMS. Vest Financial LLC grew its holdings in Advanced Drainage Systems by 114.2% in the 4th quarter. Vest Financial LLC now owns 20,968 shares of the construction company’s stock worth $2,424,000 after buying an additional 11,180 shares in the last quarter. Rik Saylor Financial Inc. bought a new position in shares of Advanced Drainage Systems in the fourth quarter worth $2,944,000. Silver Oak Securities Incorporated bought a new position in shares of Advanced Drainage Systems in the fourth quarter worth $245,000. Financial Advocates Investment Management increased its holdings in shares of Advanced Drainage Systems by 28.0% during the fourth quarter. Financial Advocates Investment Management now owns 3,217 shares of the construction company’s stock valued at $372,000 after purchasing an additional 703 shares during the period. Finally, Vision Capital Management Inc. raised its stake in shares of Advanced Drainage Systems by 118.6% during the fourth quarter. Vision Capital Management Inc. now owns 24,981 shares of the construction company’s stock valued at $2,888,000 after purchasing an additional 13,554 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

NYSE WMS opened at $125.20 on Tuesday. The stock has a market capitalization of $9.71 billion, a P/E ratio of 20.94, a P/E/G ratio of 1.13 and a beta of 1.52. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.15 and a current ratio of 3.21. The business’s fifty day moving average is $121.16 and its two-hundred day moving average is $139.67. Advanced Drainage Systems, Inc. has a 1 year low of $110.75 and a 1 year high of $184.27.

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

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend is Friday, February 28th. Advanced Drainage Systems’s payout ratio is 10.70%.

Analyst Upgrades and Downgrades

WMS has been the subject of a number of recent analyst reports. Loop Capital decreased their target price on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday. UBS Group upgraded 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 report on Wednesday, January 8th. Stephens reissued an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday. Barclays decreased their price target on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Oppenheimer dropped their price objective on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.25.

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.