Advanced Drainage Systems, Inc. $WMS is Owls Nest Partners IA LLC’s 7th Largest Position

Owls Nest Partners IA LLC reduced its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 8.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 338,048 shares of the construction company’s stock after selling 30,945 shares during the quarter. Advanced Drainage Systems comprises approximately 9.2% of Owls Nest Partners IA LLC’s portfolio, making the stock its 7th biggest position. Owls Nest Partners IA LLC owned approximately 0.43% of Advanced Drainage Systems worth $38,828,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Squarepoint Ops LLC raised its position in Advanced Drainage Systems by 1,209.7% in the 2nd quarter. Squarepoint Ops LLC now owns 260,607 shares of the construction company’s stock valued at $29,933,000 after purchasing an additional 240,709 shares during the last quarter. Sei Investments Co. increased its stake in Advanced Drainage Systems by 363.7% in the second quarter. Sei Investments Co. now owns 187,270 shares of the construction company’s stock valued at $21,509,000 after purchasing an additional 146,884 shares during the period. EDENTREE ASSET MANAGEMENT Ltd increased its stake in Advanced Drainage Systems by 578.8% in the second quarter. EDENTREE ASSET MANAGEMENT Ltd now owns 85,257 shares of the construction company’s stock valued at $9,791,000 after purchasing an additional 72,697 shares during the period. AXA S.A. raised its holdings in shares of Advanced Drainage Systems by 6.4% in the second quarter. AXA S.A. now owns 133,320 shares of the construction company’s stock valued at $15,313,000 after buying an additional 8,041 shares during the last quarter. Finally, Thematics Asset Management boosted its stake in shares of Advanced Drainage Systems by 54.4% during the second quarter. Thematics Asset Management now owns 150,500 shares of the construction company’s stock worth $17,286,000 after buying an additional 53,000 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on WMS shares. KeyCorp boosted their price target on Advanced Drainage Systems from $159.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Barclays boosted their target price on Advanced Drainage Systems from $176.00 to $181.00 and gave the company an “overweight” rating in a report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada lifted their price objective on shares of Advanced Drainage Systems from $158.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.11.

Advanced Drainage Systems Stock Performance

NYSE WMS opened at $149.59 on Thursday. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 1.86 and a beta of 1.36. The business’s 50 day moving average is $144.15 and its two-hundred day moving average is $132.73. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $155.39. The company has a current ratio of 3.48, a quick ratio of 2.60 and a debt-to-equity ratio of 0.75.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.27. Advanced Drainage Systems had a return on equity of 28.85% and a net margin of 15.35%.The firm had revenue of $850.38 million for the quarter, compared to analyst estimates of $802.49 million. During the same quarter in the prior year, the company posted $1.70 earnings per share. Advanced Drainage Systems’s quarterly revenue was up 8.7% on a year-over-year basis. Research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, December 1st. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 12.29%.

Insider Activity at Advanced Drainage Systems

In related news, insider Tim A. Makowski sold 4,901 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $149.21, for a total value of $731,278.21. Following the completion of the sale, the insider owned 2,467 shares in the company, valued at $368,101.07. This trade represents a 66.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert M. Eversole sold 10,569 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $152.82, for a total transaction of $1,615,154.58. Following the transaction, the director owned 50,076 shares in the company, valued at $7,652,614.32. The trade was a 17.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 97,772 shares of company stock worth $14,605,539 over the last three months. 1.63% of the stock is currently owned by company insiders.

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.