Sanctuary Advisors LLC Buys Shares of 3,957 Advanced Drainage Systems, Inc. $WMS

Sanctuary Advisors LLC bought a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,957 shares of the construction company’s stock, valued at approximately $621,000.

Several other institutional investors also recently modified their holdings of WMS. Allworth Financial LP acquired a new stake in shares of Advanced Drainage Systems in the 2nd quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. grew its holdings in Advanced Drainage Systems by 352.0% during the second 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 period. SJS Investment Consulting Inc. grew its holdings in Advanced Drainage Systems by 78.1% during the first quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock valued at $33,000 after purchasing an additional 107 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Advanced Drainage Systems in the third quarter valued at approximately $36,000. Finally, Kestra Advisory Services LLC bought a new stake in Advanced Drainage Systems in the fourth quarter valued at approximately $37,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Down 1.2%

Advanced Drainage Systems stock opened at $137.11 on Friday. The stock has a market capitalization of $10.34 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27. Advanced Drainage Systems, Inc. has a twelve month low of $128.03 and a twelve month high of $179.32. The company has a quick ratio of 1.18, a current ratio of 2.12 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average of $145.99 and a 200-day moving average of $146.47.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, August 6th. The construction company reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.39. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.39 million. Advanced Drainage Systems had a net margin of 14.00% and a return on equity of 28.28%. The firm’s revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.95 earnings per share. On average, equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.62 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 13.82%.

Analyst Ratings Changes

WMS has been the topic of a number of recent analyst reports. Stephens raised shares of Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $190.00 to $175.00 in a research report on Wednesday, May 27th. KeyCorp reaffirmed an “overweight” rating on shares of Advanced Drainage Systems in a research note on Monday, June 22nd. Zacks Research upgraded Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. National Bank Financial set a $190.00 target price on Advanced Drainage Systems in a research note on Monday, August 24th. Finally, DA Davidson initiated coverage on Advanced Drainage Systems in a report on Tuesday, August 25th. They issued a “buy” rating and a $190.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $188.70.

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.