Y Intercept Hong Kong Ltd Buys New Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Y Intercept Hong Kong Ltd bought a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,872 shares of the construction company’s stock, valued at approximately $1,950,000.

Several other institutional investors and hedge funds also recently made changes to their positions in WMS. Creative Planning raised its stake in Advanced Drainage Systems by 149.1% during the 3rd quarter. Creative Planning now owns 11,710 shares of the construction company’s stock worth $1,840,000 after buying an additional 7,009 shares during the period. Swedbank AB raised its stake in Advanced Drainage Systems by 5.8% during the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock worth $217,553,000 after buying an additional 75,455 shares during the period. Private Advisor Group LLC raised its stake in Advanced Drainage Systems by 16.8% during the 3rd quarter. Private Advisor Group LLC now owns 12,724 shares of the construction company’s stock worth $2,000,000 after buying an additional 1,834 shares during the period. International Assets Investment Management LLC acquired a new position in Advanced Drainage Systems during the 3rd quarter worth approximately $6,311,000. Finally, State of Alaska Department of Revenue raised its stake in Advanced Drainage Systems by 10.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 8,190 shares of the construction company’s stock worth $1,287,000 after buying an additional 785 shares during the period. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Loop Capital dropped their price target on 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. Oppenheimer lowered their price objective on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Robert W. Baird lowered their price objective on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. UBS Group raised 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. Finally, Stephens reissued an “equal weight” rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.25.

Advanced Drainage Systems Stock Performance

Shares of WMS opened at $116.09 on Wednesday. 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 company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.13 and a beta of 1.52. The stock has a 50 day moving average of $119.70 and a 200 day moving average of $136.60. Advanced Drainage Systems, Inc. has a 12 month low of $110.75 and a 12 month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share 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%. As a group, sell-side analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.55%. The ex-dividend date is Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.70%.

Advanced Drainage Systems 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.