Illinois Municipal Retirement Fund Has $648,000 Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Illinois Municipal Retirement Fund lowered its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 31.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,608 shares of the construction company’s stock after selling 2,536 shares during the period. Illinois Municipal Retirement Fund’s holdings in Advanced Drainage Systems were worth $648,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. CIBC Asset Management Inc boosted its stake in shares of Advanced Drainage Systems by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock valued at $357,000 after buying an additional 79 shares during the period. UMB Bank n.a. boosted its stake in shares of Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after buying an additional 88 shares during the period. Blue Trust Inc. boosted its stake in shares of Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock valued at $116,000 after buying an additional 108 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in shares of Advanced Drainage Systems by 4.8% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock valued at $379,000 after buying an additional 111 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in shares of Advanced Drainage Systems by 8.8% during the 3rd quarter. QRG Capital Management Inc. now owns 1,638 shares of the construction company’s stock valued at $257,000 after buying an additional 132 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 opened at $107.72 on Tuesday. The company has a market capitalization of $8.36 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52. Advanced Drainage Systems, Inc. has a one year low of $107.13 and a one year high of $184.27. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. The company’s fifty day moving average price is $119.35 and its 200 day moving average price is $135.63.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. As a group, analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on WMS. Robert W. Baird reduced 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 research note on Monday, November 11th. Loop Capital reduced their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, February 7th. KeyCorp reduced their price objective 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 $160.00 to $149.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Finally, Stephens reaffirmed 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 research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.25.

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.