MIG Capital LLC Reduces Stake in Advanced Drainage Systems, Inc. (NYSE:WMS)

MIG Capital LLC trimmed its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 23.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 158,954 shares of the construction company’s stock after selling 50,042 shares during the quarter. Advanced Drainage Systems makes up 3.0% of MIG Capital LLC’s portfolio, making the stock its 15th biggest holding. MIG Capital LLC owned 0.21% of Advanced Drainage Systems worth $24,981,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Boston Partners increased its stake in shares of Advanced Drainage Systems by 16.9% during the 1st quarter. Boston Partners now owns 1,519,118 shares of the construction company’s stock worth $261,609,000 after purchasing an additional 219,629 shares in the last quarter. William Blair Investment Management LLC increased its position in Advanced Drainage Systems by 4.7% during the second quarter. William Blair Investment Management LLC now owns 1,430,091 shares of the construction company’s stock worth $229,372,000 after buying an additional 64,618 shares in the last quarter. Swedbank AB raised its holdings in shares of Advanced Drainage Systems by 5.8% in the third quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock worth $217,553,000 after acquiring an additional 75,455 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Advanced Drainage Systems by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 1,382,735 shares of the construction company’s stock valued at $221,777,000 after acquiring an additional 7,690 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Advanced Drainage Systems by 13.9% during the second quarter. Dimensional Fund Advisors LP now owns 772,588 shares of the construction company’s stock valued at $123,920,000 after acquiring an additional 94,019 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Up 1.2 %

Shares of WMS opened at $133.27 on Thursday. Advanced Drainage Systems, Inc. has a twelve month low of $119.25 and a twelve month high of $184.27. The firm has a market capitalization of $10.33 billion, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 1.19 and a beta of 1.53. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. The stock’s fifty day simple moving average is $148.30 and its 200 day simple moving average is $156.93.

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

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.16 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.64 annualized dividend and a dividend yield of 0.48%. Advanced Drainage Systems’s payout ratio is 10.19%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. KeyCorp cut their target price on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Barclays reduced their price objective on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Robert W. Baird decreased their target price on shares of 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. Stephens reiterated an “equal weight” rating and issued a $135.00 price target (down from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Finally, Oppenheimer decreased their price objective on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $170.29.

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.