Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL lessened its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 5.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,540 shares of the construction company’s stock after selling 141 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Advanced Drainage Systems were worth $407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WMS. Natixis Advisors LLC lifted its position in Advanced Drainage Systems by 2.6% during the third quarter. Natixis Advisors LLC now owns 21,711 shares of the construction company’s stock worth $3,412,000 after buying an additional 550 shares in the last quarter. CIBC Asset Management Inc raised its position in Advanced Drainage Systems by 3.6% in the third quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock valued at $357,000 after purchasing an additional 79 shares during the period. Huntington National Bank raised its position in Advanced Drainage Systems by 123.1% in 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 period. KBC Group NV grew its stake in shares of Advanced Drainage Systems by 0.3% in the third quarter. KBC Group NV now owns 609,497 shares of the construction company’s stock valued at $95,789,000 after buying an additional 1,773 shares in the last quarter. Finally, MQS Management LLC acquired a new stake in shares of Advanced Drainage Systems in the third quarter valued at $426,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

WMS has been the subject of several analyst reports. 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, November 11th. KeyCorp lowered their target price on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Stephens reiterated an “equal weight” rating and issued a $135.00 price target (down from $170.00) on shares of Advanced Drainage Systems in a research note on Wednesday, November 13th. Robert W. Baird decreased their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Finally, Loop Capital lowered their price objective on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $170.29.

Advanced Drainage Systems Price Performance

Advanced Drainage Systems stock opened at $131.42 on Monday. Advanced Drainage Systems, Inc. has a 52 week low of $116.98 and a 52 week high of $184.27. The business has a 50-day simple moving average of $150.26 and a 200 day simple moving average of $158.76. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97. The stock has a market cap of $10.19 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.19 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last issued its 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 company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.71 earnings per share. On average, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.5 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

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 given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Monday, December 2nd. Advanced Drainage Systems’s dividend payout ratio is currently 10.19%.

Advanced Drainage Systems 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.