Marshall Financial Group LLC Purchases 1,177 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Marshall Financial Group LLC increased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 15.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 8,698 shares of the construction company’s stock after acquiring an additional 1,177 shares during the quarter. Marshall Financial Group LLC’s holdings in Advanced Drainage Systems were worth $945,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in WMS. CIBC Asset Management Inc raised its stake in Advanced Drainage Systems by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,390 shares of the construction company’s stock worth $276,000 after acquiring an additional 119 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its stake in shares of Advanced Drainage Systems by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company’s stock valued at $231,000 after purchasing an additional 125 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Advanced Drainage Systems by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock worth $102,000 after purchasing an additional 137 shares during the last quarter. Isthmus Partners LLC increased its position in shares of Advanced Drainage Systems by 5.9% during the 4th quarter. Isthmus Partners LLC now owns 2,725 shares of the construction company’s stock worth $315,000 after purchasing an additional 153 shares in the last quarter. Finally, Nicolet Advisory Services LLC lifted its holdings in Advanced Drainage Systems by 4.1% during the 4th quarter. Nicolet Advisory Services LLC now owns 4,024 shares of the construction company’s stock valued at $454,000 after purchasing an additional 157 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Down 1.3%

WMS stock opened at $115.57 on Friday. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $179.57. The company has a market cap of $8.97 billion, a P/E ratio of 19.33, a PEG ratio of 1.13 and a beta of 1.25. The business has a fifty day moving average of $111.52 and a 200-day moving average of $115.98.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, May 15th. The construction company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.06). The firm had revenue of $615.76 million for the quarter, compared to the consensus estimate of $653.22 million. Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 earnings per share. As a group, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 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 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Friday, May 30th. This is a positive change from Advanced Drainage Systems’s previous quarterly dividend of $0.16. Advanced Drainage Systems’s payout ratio is currently 12.50%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WMS shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Advanced Drainage Systems in a research report on Tuesday, April 1st. They issued a “buy” rating and a $134.00 price target on the stock. Wall Street Zen downgraded Advanced Drainage Systems from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Loop Capital dropped their price target on Advanced Drainage Systems from $143.00 to $133.00 and set a “buy” rating for the company in a report on Friday, May 16th. Barclays lifted their price objective on Advanced Drainage Systems from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Finally, KeyCorp decreased their target price on Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $139.88.

Advanced Drainage Systems Company 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.