Jupiter Asset Management Ltd. Sells 25,436 Shares of Advanced Drainage Systems, Inc. $WMS

Jupiter Asset Management Ltd. decreased its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 14.8% in the 4th quarter, HoldingsChannel reports. The firm owned 146,197 shares of the construction company’s stock after selling 25,436 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Advanced Drainage Systems were worth $21,174,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WMS. Northwestern Mutual Wealth Management Co. raised its position in Advanced Drainage Systems by 352.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock valued at $26,000 after purchasing an additional 176 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in Advanced Drainage Systems in the 3rd quarter valued at $33,000. Cullen Frost Bankers Inc. raised its position in Advanced Drainage Systems by 1,242.1% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the construction company’s stock valued at $35,000 after purchasing an additional 236 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Advanced Drainage Systems in the 3rd quarter valued at $36,000. Finally, Clearstead Advisors LLC raised its position in Advanced Drainage Systems by 150.8% in the 4th quarter. Clearstead Advisors LLC now owns 301 shares of the construction company’s stock valued at $44,000 after purchasing an additional 181 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Down 0.7%

WMS stock opened at $139.12 on Friday. The company has a market cap of $10.66 billion, a P/E ratio of 25.57, a PEG ratio of 1.54 and a beta of 1.33. Advanced Drainage Systems, Inc. has a twelve month low of $105.14 and a twelve month high of $179.32. The company has a quick ratio of 1.35, a current ratio of 2.42 and a debt-to-equity ratio of 0.92. The business has a fifty day moving average of $142.19 and a 200-day moving average of $149.97.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, May 21st. The construction company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.12. The company had revenue of $676.76 million during the quarter, compared to the consensus estimate of $651.92 million. Advanced Drainage Systems had a return on equity of 26.63% and a net margin of 13.98%.The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 earnings per share. As a group, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.55 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.20 per share. The ex-dividend date is Monday, June 1st. This is an increase from Advanced Drainage Systems’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio is presently 13.24%.

Analyst Ratings Changes

Several brokerages have issued reports on WMS. Royal Bank Of Canada reiterated an “outperform” rating and issued a $168.00 price objective on shares of Advanced Drainage Systems in a research report on Friday, May 22nd. UBS Group cut their price objective on Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Oppenheimer cut their price objective on Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday. Stephens upgraded Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $190.00 to $175.00 in a research report on Wednesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Monday, April 20th. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $187.00.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.