New York State Common Retirement Fund Acquires 1,797 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

New York State Common Retirement Fund grew its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,322 shares of the construction company’s stock after purchasing an additional 1,797 shares during the period. New York State Common Retirement Fund owned approximately 0.21% of Advanced Drainage Systems worth $18,880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of WMS. Huntington National Bank boosted its stake in Advanced Drainage Systems by 123.1% in the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company’s stock valued at $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 valued at $77,000 after acquiring an additional 424 shares during the period. CWM LLC boosted its stake in shares of Advanced Drainage Systems by 18.1% in the 3rd quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after purchasing an additional 85 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after purchasing an additional 88 shares in the last quarter. Finally, Spire Wealth Management bought a new stake in shares of Advanced Drainage Systems in the 4th quarter worth about $94,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stephens restated an “equal weight” rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 7th. KeyCorp decreased their price objective on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Loop Capital decreased their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Robert W. Baird decreased their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Finally, Barclays decreased their price target on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $164.25.

Advanced Drainage Systems Stock Down 2.6 %

Shares of WMS opened at $114.50 on Friday. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 19.15, a PEG 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 1.98 and a current ratio of 3.21. The business’s fifty day moving average price is $120.01 and its two-hundred day moving average price is $137.09. Advanced Drainage Systems, Inc. has a 52 week low of $110.75 and a 52 week high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (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, analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.70%.

Advanced Drainage Systems Company 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.