Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC raised its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 0.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 589,140 shares of the construction company’s stock after buying an additional 953 shares during the quarter. Janus Henderson Group PLC owned about 0.76% of Advanced Drainage Systems worth $92,578,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in WMS. West Oak Capital LLC grew its holdings in shares of Advanced Drainage Systems by 133.3% during the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Advanced Drainage Systems by 1,472.7% during the second quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock valued at $30,000 after purchasing an additional 162 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Advanced Drainage Systems during the second quarter valued at approximately $45,000. Huntington National Bank grew its holdings in shares of 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 last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Advanced Drainage Systems by 65.2% during the second quarter. GAMMA Investing LLC now owns 451 shares of the construction company’s stock valued at $72,000 after purchasing an additional 178 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on WMS shares. Robert W. Baird lowered their target price 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. Loop Capital decreased their price objective on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a report on Monday, November 11th. Barclays decreased their price objective on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Stephens reissued an “equal weight” rating and issued a $135.00 price objective (down from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Finally, KeyCorp decreased their price objective on 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and an average price target of $170.29.

Advanced Drainage Systems Stock Performance

Shares of NYSE WMS opened at $131.95 on Thursday. The stock has a fifty day moving average price of $146.44 and a two-hundred day moving average price of $155.55. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. The firm has a market cap of $10.23 billion, a P/E ratio of 21.01, a PEG ratio of 1.21 and a beta of 1.48. Advanced Drainage Systems, Inc. has a 1 year low of $122.61 and a 1 year high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). The firm 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 business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.71 earnings per share. Research analysts forecast that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

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

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.