One Capital Management LLC Increases Stock Position in Advanced Drainage Systems, Inc. $WMS

One Capital Management LLC grew its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 43.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,502 shares of the construction company’s stock after purchasing an additional 6,494 shares during the period. One Capital Management LLC’s holdings in Advanced Drainage Systems were worth $3,114,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pier Capital LLC raised its holdings in shares of Advanced Drainage Systems by 69,891.7% in the fourth quarter. Pier Capital LLC now owns 50,394 shares of the construction company’s stock valued at $7,299,000 after purchasing an additional 50,322 shares during the last quarter. HighTower Advisors LLC grew its position in Advanced Drainage Systems by 406.0% during the fourth quarter. HighTower Advisors LLC now owns 27,302 shares of the construction company’s stock valued at $3,954,000 after buying an additional 21,906 shares during the period. Essex Investment Management Co. LLC grew its position in Advanced Drainage Systems by 345.7% during the third quarter. Essex Investment Management Co. LLC now owns 42,898 shares of the construction company’s stock valued at $5,950,000 after buying an additional 33,274 shares during the period. J. Safra Sarasin Holding AG grew its position in Advanced Drainage Systems by 22.5% during the fourth quarter. J. Safra Sarasin Holding AG now owns 166,469 shares of the construction company’s stock valued at $24,110,000 after buying an additional 30,557 shares during the period. Finally, Elevatus Welath Management bought a new position in Advanced Drainage Systems during the fourth quarter valued at about $2,600,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

WMS opened at $135.82 on Wednesday. The firm has a market cap of $10.40 billion, a P/E ratio of 24.97, a PEG ratio of 1.49 and a beta of 1.29. The firm has a 50-day moving average of $142.21 and a 200 day moving average of $149.90. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.35 and a current ratio of 2.42. Advanced Drainage Systems, Inc. has a fifty-two week low of $106.96 and a fifty-two week high of $179.32.

Advanced Drainage Systems (NYSE:WMS) last issued 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 firm had revenue of $676.76 million during the quarter, compared to analyst estimates of $651.92 million. Advanced Drainage Systems had a net margin of 13.98% and a return on equity of 26.63%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business earned $1.03 earnings per share. On average, research analysts expect that Advanced Drainage Systems, Inc. will post 6.55 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.20 per share. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, June 1st. Advanced Drainage Systems’s dividend payout ratio (DPR) is 14.71%.

Analysts Set New Price Targets

WMS has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Monday, April 20th. Robert W. Baird set a $205.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 6th. Oppenheimer reduced their price target on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, May 26th. Barclays reduced their price target on shares of Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Stephens upgraded shares of Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $190.00 to $175.00 in a research report on Wednesday, May 27th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $187.00.

Advanced Drainage Systems Company 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.