AGF Management Ltd. Sells 594 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

AGF Management Ltd. lessened its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,633 shares of the construction company’s stock after selling 594 shares during the period. AGF Management Ltd.’s holdings in Advanced Drainage Systems were worth $6,662,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Huntington National Bank increased its stake in shares of Advanced Drainage Systems by 123.1% in the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company’s stock valued at $61,000 after purchasing an additional 213 shares during the last quarter. Millburn Ridgefield Corp grew its position in Advanced Drainage Systems by 642.4% during the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock worth $77,000 after acquiring an additional 424 shares during the last quarter. UMB Bank n.a. grew its position in Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after acquiring an additional 88 shares during the last quarter. Spire Wealth Management bought a new stake in Advanced Drainage Systems during the 4th quarter worth $94,000. Finally, First Horizon Advisors Inc. grew its position in Advanced Drainage Systems by 18.3% during the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock worth $102,000 after acquiring an additional 137 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Down 0.2 %

Shares of WMS opened at $109.65 on Thursday. The company has a market capitalization of $8.51 billion, a PE ratio of 18.34, a PEG ratio of 1.13 and a beta of 1.61. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The stock’s 50-day moving average price is $118.75 and its two-hundred day moving average price is $133.65. Advanced Drainage Systems, Inc. has a 12 month low of $101.90 and a 12 month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. On average, analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is 10.70%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Loop Capital reduced their price objective on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. StockNews.com upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Barclays reduced their price objective on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, Stephens reaffirmed an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.25.

Advanced Drainage Systems 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.