Advantage Alpha Capital Partners LP Invests $8.54 Million in Advanced Drainage Systems, Inc. (NYSE:WMS)

Advantage Alpha Capital Partners LP acquired a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 54,341 shares of the construction company’s stock, valued at approximately $8,540,000. Advanced Drainage Systems accounts for about 1.9% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 3rd biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. West Oak Capital LLC boosted its holdings in shares of Advanced Drainage Systems by 133.3% during the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after acquiring an additional 100 shares during the period. Blue Trust Inc. boosted its stake in Advanced Drainage Systems by 1,472.7% during 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. National Bank of Canada FI acquired a new position in Advanced Drainage Systems during the 2nd quarter valued at about $45,000. Huntington National Bank grew its position in Advanced Drainage Systems by 123.1% in the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after purchasing an additional 213 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Advanced Drainage Systems by 65.2% in the second quarter. GAMMA Investing LLC now owns 451 shares of the construction company’s stock valued at $72,000 after purchasing an additional 178 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Trading Up 1.9 %

Shares of WMS stock opened at $134.37 on Tuesday. The stock has a 50-day simple moving average of $148.67 and a 200 day simple moving average of $157.21. The stock has a market capitalization of $10.42 billion, a P/E ratio of 21.40, a P/E/G ratio of 1.19 and a beta of 1.53. Advanced Drainage Systems, Inc. has a fifty-two week low of $117.97 and a fifty-two week high of $184.27. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.23). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The business had revenue of $782.60 million for the quarter, compared to the consensus estimate of $819.41 million. During the same quarter last year, the business posted $1.71 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. On average, sell-side analysts expect that Advanced Drainage Systems, Inc. will post 6.5 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.16 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 annualized dividend and a yield of 0.48%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 10.19%.

Analyst Ratings Changes

WMS has been the subject of a number of recent analyst reports. Loop Capital decreased their price objective on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a report on Monday, November 11th. Robert W. Baird decreased their price target 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. Stephens reissued an “equal weight” rating and set a $135.00 price target (down from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Barclays reduced their price objective on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Finally, Oppenheimer lowered their target price on shares of 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 equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $170.29.

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.