PFG Investments LLC Has $977,000 Stake in Advanced Drainage Systems, Inc. (NYSE:WMS)

PFG Investments LLC lowered its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,454 shares of the construction company’s stock after selling 181 shares during the quarter. PFG Investments LLC’s holdings in Advanced Drainage Systems were worth $977,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Huntington National Bank grew its holdings in Advanced Drainage Systems by 123.1% during the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock valued at $61,000 after purchasing an additional 213 shares during the period. Millburn Ridgefield Corp grew its holdings in 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 purchasing an additional 424 shares during the period. CWM LLC grew its holdings in Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after purchasing an additional 85 shares during the period. UMB Bank n.a. grew its holdings in Advanced Drainage Systems by 12.7% during the fourth 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 during the period. Finally, Blue Trust Inc. grew its holdings in Advanced Drainage Systems by 418.5% during the third quarter. Blue Trust Inc. now owns 897 shares of the construction company’s stock valued at $144,000 after purchasing an additional 724 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

Shares of WMS stock opened at $124.78 on Wednesday. The company’s fifty day simple moving average is $123.26 and its 200-day simple moving average is $142.76. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97. The firm has a market cap of $9.67 billion, a PE ratio of 19.87, a P/E/G ratio of 1.20 and a beta of 1.51. 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 Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). The business had revenue of $782.60 million during the quarter, compared to the consensus estimate of $819.41 million. Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 EPS. Equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, December 2nd. Advanced Drainage Systems’s dividend payout ratio is presently 10.19%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WMS. Robert W. Baird decreased their price objective on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Barclays reduced their price target on shares of Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Oppenheimer reduced their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Loop Capital reduced their price target on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a report on Monday, November 11th. Finally, KeyCorp reduced their price target on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and a consensus target price of $166.88.

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.