Intech Investment Management LLC Sells 5,609 Shares of Advanced Drainage Systems, Inc. $WMS

Intech Investment Management LLC reduced its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 42.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,508 shares of the construction company’s stock after selling 5,609 shares during the period. Intech Investment Management LLC’s holdings in Advanced Drainage Systems were worth $1,041,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Compound Planning Inc. bought a new position in Advanced Drainage Systems in the 3rd quarter worth $216,000. Journey Advisory Group LLC bought a new stake in Advanced Drainage Systems during the third quarter valued at about $235,000. Raiffeisen Bank International AG boosted its holdings in Advanced Drainage Systems by 38.5% during the third quarter. Raiffeisen Bank International AG now owns 9,000 shares of the construction company’s stock valued at $1,242,000 after acquiring an additional 2,500 shares during the period. Y.D. More Investments Ltd grew its position in shares of Advanced Drainage Systems by 83.3% in the third quarter. Y.D. More Investments Ltd now owns 1,100 shares of the construction company’s stock valued at $153,000 after purchasing an additional 500 shares during the last quarter. Finally, SG Capital Management LLC acquired a new stake in shares of Advanced Drainage Systems in the third quarter valued at about $45,591,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Price Performance

Shares of Advanced Drainage Systems stock opened at $146.22 on Friday. The firm has a market cap of $11.39 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 1.72 and a beta of 1.27. The firm’s 50-day simple moving average is $160.03 and its 200-day simple moving average is $149.79. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $179.32. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.08 and a current ratio of 4.12.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings results on Thursday, February 5th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.16. The firm had revenue of $693.35 million during the quarter, compared to analyst estimates of $686.37 million. Advanced Drainage Systems had a net margin of 15.75% and a return on equity of 27.72%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.09 earnings per share. As a group, research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio is presently 11.98%.

Wall Street Analyst Weigh In

WMS has been the subject of several research analyst reports. UBS Group set a $215.00 price objective on Advanced Drainage Systems and gave the stock a “buy” rating in a research report on Friday, February 6th. Royal Bank Of Canada raised their target price on Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 6th. KeyCorp lifted their price target on Advanced Drainage Systems from $180.00 to $198.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Barclays upped their price target on Advanced Drainage Systems from $187.00 to $198.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Oppenheimer increased their price objective on Advanced Drainage Systems from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Eight analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and an average price target of $186.00.

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.