Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Intrust Bank NA

Intrust Bank NA reduced its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,457 shares of the construction company’s stock after selling 255 shares during the period. Intrust Bank NA’s holdings in Advanced Drainage Systems were worth $400,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of WMS. Millburn Ridgefield Corp lifted its stake 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 worth $77,000 after buying an additional 424 shares during the period. UMB Bank n.a. lifted its position in Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after acquiring an additional 88 shares during the period. Spire Wealth Management purchased a new stake in Advanced Drainage Systems during the 4th quarter valued at about $94,000. First Horizon Advisors Inc. increased its holdings in shares of Advanced Drainage Systems by 18.3% in the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock valued at $102,000 after purchasing an additional 137 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Advanced Drainage Systems by 12.0% in the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after purchasing an additional 108 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMS has been the topic of several research reports. Barclays cut their price target on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. StockNews.com raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Stephens restated an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Loop Capital cut their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Finally, UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.25.

Advanced Drainage Systems Price Performance

NYSE:WMS opened at $108.25 on Monday. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems, Inc. has a 52 week low of $101.90 and a 52 week high of $184.27. The stock’s 50-day moving average price is $116.95 and its 200-day moving average price is $130.17. The stock has a market capitalization of $8.40 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates 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, equities analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems’s payout ratio is 10.70%.

About Advanced Drainage Systems

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.