Alpha DNA Investment Management LLC Has $446,000 Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Alpha DNA Investment Management LLC boosted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 13.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,839 shares of the construction company’s stock after purchasing an additional 326 shares during the period. Alpha DNA Investment Management LLC’s holdings in Advanced Drainage Systems were worth $446,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. CIBC Asset Management Inc boosted its position in Advanced Drainage Systems by 3.6% during the third quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock valued at $357,000 after purchasing an additional 79 shares during the last quarter. CWM LLC lifted its position in shares of Advanced Drainage Systems by 18.1% in the third quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after buying an additional 85 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Advanced Drainage Systems by 10.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the construction company’s stock valued at $164,000 after buying an additional 95 shares during the last quarter. West Oak Capital LLC lifted its position in shares of Advanced Drainage Systems by 133.3% in the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after buying an additional 100 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its position in shares of Advanced Drainage Systems by 4.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock valued at $379,000 after buying an additional 111 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS opened at $131.85 on Monday. The business’s 50 day moving average is $148.95 and its 200-day moving average is $157.48. Advanced Drainage Systems, Inc. has a 1-year low of $117.97 and a 1-year high of $184.27. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. The firm has a market cap of $10.22 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 1.19 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The company had revenue of $782.60 million for the quarter, compared to the consensus estimate of $819.41 million. During the same quarter last year, the business earned $1.71 EPS. Advanced Drainage Systems’s revenue was up .3% on a year-over-year basis. Equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.5 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.49%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.19%.

Analyst Ratings Changes

A number of analysts have recently issued reports on WMS shares. Loop Capital cut their price objective on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, November 11th. KeyCorp cut their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Stephens reaffirmed an “equal weight” rating and issued a $135.00 price objective (down from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Robert W. Baird lowered their target price on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Finally, Oppenheimer lowered their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and an average target price of $170.29.

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.