Blueshift Asset Management LLC Sells 3,238 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Blueshift Asset Management LLC trimmed its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 59.7% in the 3rd quarter, Holdings Channel reports. The fund owned 2,190 shares of the construction company’s stock after selling 3,238 shares during the quarter. Blueshift Asset Management LLC’s holdings in Advanced Drainage Systems were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its position in Advanced Drainage Systems by 16.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 139,677 shares of the construction company’s stock worth $24,059,000 after purchasing an additional 19,626 shares during the last quarter. Tidal Investments LLC increased its stake in Advanced Drainage Systems by 122.4% during the first quarter. Tidal Investments LLC now owns 12,572 shares of the construction company’s stock valued at $2,165,000 after acquiring an additional 6,919 shares during the period. Cetera Investment Advisers increased its stake in Advanced Drainage Systems by 135.6% during the first quarter. Cetera Investment Advisers now owns 15,216 shares of the construction company’s stock valued at $2,621,000 after acquiring an additional 8,757 shares during the period. Cetera Advisors LLC raised its holdings in Advanced Drainage Systems by 75.7% in the 1st quarter. Cetera Advisors LLC now owns 3,887 shares of the construction company’s stock valued at $669,000 after acquiring an additional 1,675 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of Advanced Drainage Systems by 3.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 21,317 shares of the construction company’s stock worth $3,672,000 after acquiring an additional 640 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WMS. KeyCorp cut their target price 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 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 report on Monday, November 11th. Barclays lowered their target price on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Loop Capital cut their price target on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, Oppenheimer lowered their price objective on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $170.29.

Advanced Drainage Systems Price Performance

Shares of Advanced Drainage Systems stock opened at $133.23 on Friday. The stock has a market capitalization of $10.33 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 1.21 and a beta of 1.53. The firm’s 50-day moving average price is $147.98 and its two-hundred day moving average price is $156.76. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. Advanced Drainage Systems, Inc. has a 1-year low of $119.25 and a 1-year high of $184.27.

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

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.16 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.48%. 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.