Advanced Drainage Systems, Inc. $WMS Shares Sold by Interval Partners LP

Interval Partners LP lowered its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 77.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,566 shares of the construction company’s stock after selling 747,968 shares during the period. Interval Partners LP owned about 0.28% of Advanced Drainage Systems worth $31,945,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Advanced Drainage Systems by 352.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock worth $26,000 after purchasing an additional 176 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Advanced Drainage Systems in the 3rd quarter worth approximately $36,000. Kestra Advisory Services LLC acquired a new position in shares of Advanced Drainage Systems in the 4th quarter worth approximately $37,000. Clearstead Advisors LLC grew its stake in shares of Advanced Drainage Systems by 150.8% in the 4th quarter. Clearstead Advisors LLC now owns 301 shares of the construction company’s stock worth $44,000 after purchasing an additional 181 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Advanced Drainage Systems in the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

Shares of WMS opened at $138.95 on Thursday. Advanced Drainage Systems, Inc. has a one year low of $109.63 and a one year high of $179.32. The company has a 50-day moving average of $141.82 and a two-hundred day moving average of $148.84. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.54 and a beta of 1.29. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.42 and a quick ratio of 1.35.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings results on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.95 by $0.12. The business had revenue of $676.76 million during the quarter, compared to analysts’ expectations of $651.92 million. Advanced Drainage Systems had a net margin of 13.98% and a return on equity of 26.63%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $1.03 earnings per share. On average, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.55 earnings per share for the current year.

Advanced Drainage Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.20 per share. This is an increase from Advanced Drainage Systems’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, June 1st. Advanced Drainage Systems’s dividend payout ratio is 14.71%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WMS shares. Jefferies Financial Group started coverage on shares of Advanced Drainage Systems in a research note on Thursday, June 11th. They issued a “buy” rating and a $175.00 price objective on the stock. Oppenheimer lowered their price objective on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 26th. UBS Group lowered their price objective on shares of Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Stephens raised shares of Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $190.00 to $175.00 in a research note on Wednesday, May 27th. Finally, Royal Bank Of Canada lifted their price objective on shares of Advanced Drainage Systems from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.75.

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.