EntryPoint Capital LLC Has $403,000 Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

EntryPoint Capital LLC increased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 164.7% during the fourth quarter, Holdings Channel reports. The fund owned 3,484 shares of the construction company’s stock after acquiring an additional 2,168 shares during the quarter. EntryPoint Capital LLC’s holdings in Advanced Drainage Systems were worth $403,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. State Street Corp raised its stake in Advanced Drainage Systems by 8.8% during the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock valued at $399,452,000 after purchasing an additional 206,105 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of Advanced Drainage Systems by 50.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company’s stock valued at $11,186,000 after buying an additional 32,418 shares in the last quarter. Zacks Investment Management acquired a new position in Advanced Drainage Systems during the third quarter valued at $2,694,000. Advantage Alpha Capital Partners LP purchased a new stake in Advanced Drainage Systems in the 3rd quarter worth about $8,540,000. Finally, KBC Group NV boosted its position in Advanced Drainage Systems by 21.2% during the 4th quarter. KBC Group NV now owns 738,749 shares of the construction company’s stock worth $85,399,000 after acquiring an additional 129,252 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

Advanced Drainage Systems Trading Up 0.1 %

Advanced Drainage Systems stock opened at $111.15 on Wednesday. Advanced Drainage Systems, Inc. has a one year low of $101.90 and a one year high of $184.27. The company’s fifty day moving average price is $117.76 and its two-hundred day moving average price is $130.82. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 1.13 and a beta of 1.61.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 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 forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were 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 of this dividend was Friday, February 28th. Advanced Drainage Systems’s payout ratio is 10.70%.

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.