Advanced Drainage Systems Inc. (NYSE:WMS) announced a quarterly dividend on Thursday, November 10th. Investors of record on Thursday, December 1st will be given a dividend of 0.06 per share on Thursday, December 15th. This represents a $0.24 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, November 29th.

Shares of Advanced Drainage Systems (NYSE:WMS) opened at 21.35 on Monday. The company has a 50-day moving average of $20.83 and a 200 day moving average of $24.11. Advanced Drainage Systems has a 12-month low of $17.72 and a 12-month high of $28.49. The firm has a market cap of $1.16 billion, a P/E ratio of 46.21 and a beta of 1.02.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, October 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.13. The company had revenue of $358 million for the quarter. Advanced Drainage Systems had a net margin of 2.63% and a return on equity of 219.21%. Equities research analysts anticipate that Advanced Drainage Systems will post $1.09 earnings per share for the current fiscal year.

Dividend History for Advanced Drainage Systems (NYSE:WMS)

Several hedge funds have recently bought and sold shares of the company. Pictet Asset Management Ltd. bought a new stake in Advanced Drainage Systems during the second quarter valued at approximately $26,888,000. Lord Abbett & CO. LLC boosted its stake in Advanced Drainage Systems by 21.3% in the second quarter. Lord Abbett & CO. LLC now owns 710,291 shares of the company’s stock valued at $19,441,000 after buying an additional 124,900 shares in the last quarter. Weiss Multi Strategy Advisers LLC bought a new stake in Advanced Drainage Systems during the second quarter valued at approximately $3,353,000. Vanguard Group Inc. boosted its stake in Advanced Drainage Systems by 5.0% in the second quarter. Vanguard Group Inc. now owns 2,514,220 shares of the company’s stock valued at $68,815,000 after buying an additional 120,802 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Advanced Drainage Systems by 9.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 970,776 shares of the company’s stock valued at $23,357,000 after buying an additional 82,405 shares in the last quarter. Institutional investors and hedge funds own 70.62% of the company’s stock.

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Several equities analysts have recently issued reports on WMS shares. TheStreet cut shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. Zacks Investment Research cut shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th. Royal Bank Of Canada decreased their target price on shares of Advanced Drainage Systems from $29.00 to $26.00 and set an “outperform” rating for the company in a report on Friday, October 7th. RBC Capital Markets cut shares of Advanced Drainage Systems from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $26.00 to $24.00 in a report on Monday, November 14th. Finally, Boenning Scattergood cut shares of Advanced Drainage Systems from an “outperform” rating to a “neutral” rating in a report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $25.00.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.

5 Day Chart for NYSE:WMS

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