Atria Investments Inc Cuts Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Atria Investments Inc trimmed its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 11.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,988 shares of the construction company’s stock after selling 260 shares during the period. Atria Investments Inc’s holdings in Advanced Drainage Systems were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in WMS. Swedbank AB purchased a new position in Advanced Drainage Systems in the 1st quarter worth approximately $220,853,000. Boston Partners lifted its holdings in shares of Advanced Drainage Systems by 16.9% in the first quarter. Boston Partners now owns 1,519,118 shares of the construction company’s stock worth $261,609,000 after buying an additional 219,629 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Advanced Drainage Systems by 136.2% in the second quarter. Millennium Management LLC now owns 312,393 shares of the construction company’s stock worth $50,105,000 after buying an additional 180,154 shares in the last quarter. Lazard Freres Gestion S.A.S. bought a new position in shares of Advanced Drainage Systems during the second quarter worth $28,870,000. Finally, Point72 Asset Management L.P. purchased a new position in Advanced Drainage Systems during the second quarter valued at $21,657,000. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Up 2.7 %

Shares of WMS stock opened at $131.85 on Friday. The company has a market cap of $10.22 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 1.17 and a beta of 1.53. Advanced Drainage Systems, Inc. has a 1 year low of $117.97 and a 1 year high of $184.27. The stock’s 50 day simple moving average is $148.95 and its two-hundred day simple moving average is $157.63. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15.

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

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.16 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.64 annualized dividend and a dividend yield of 0.49%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.19%.

Analyst Ratings Changes

Several research firms have commented on WMS. Loop Capital dropped their price objective 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. KeyCorp dropped their price target on 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. Robert W. Baird cut their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Stephens reaffirmed an “equal weight” rating and set a $135.00 price objective (down from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Finally, Oppenheimer cut their target price 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $170.29.

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.