Farther Finance Advisors LLC Has $35,000 Stake in Advanced Drainage Systems, Inc. (NYSE:WMS)

Farther Finance Advisors LLC reduced its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 57.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 220 shares of the construction company’s stock after selling 295 shares during the quarter. Farther Finance Advisors LLC’s holdings in Advanced Drainage Systems were worth $35,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. QRG Capital Management Inc. bought a new stake in Advanced Drainage Systems during the 1st quarter worth approximately $201,000. Russell Investments Group Ltd. raised its holdings in shares of Advanced Drainage Systems by 63.0% in the 1st quarter. Russell Investments Group Ltd. now owns 66,714 shares of the construction company’s stock valued at $11,474,000 after acquiring an additional 25,786 shares in the last quarter. US Bancorp DE grew its stake in Advanced Drainage Systems by 11.8% in the 1st quarter. US Bancorp DE now owns 2,475 shares of the construction company’s stock worth $426,000 after buying an additional 262 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Advanced Drainage Systems in the 1st quarter worth $346,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Advanced Drainage Systems by 319.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock worth $26,000 after buying an additional 115 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on WMS shares. Oppenheimer cut 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 research report on Monday. KeyCorp reduced their price objective on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday. Barclays lowered their target price on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a research note on Monday. Robert W. Baird reduced their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Loop Capital lowered their price objective on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $170.29.

Advanced Drainage Systems Trading Down 2.1 %

Advanced Drainage Systems stock opened at $130.31 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15. The stock has a market capitalization of $10.10 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 1.19 and a beta of 1.53. The business’s fifty day moving average is $150.43 and its 200 day moving average is $158.96. Advanced Drainage Systems, Inc. has a one year low of $116.98 and a one year high of $184.27.

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

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Monday, December 2nd. Advanced Drainage Systems’s payout ratio is 10.19%.

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.