Thrivent Financial for Lutherans Sells 87,799 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Thrivent Financial for Lutherans cut its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 6.3% during the 3rd quarter, Holdings Channel reports. The firm owned 1,294,936 shares of the construction company’s stock after selling 87,799 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Advanced Drainage Systems were worth $203,512,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WMS. QRG Capital Management Inc. bought a new position in shares of Advanced Drainage Systems in the first quarter valued at approximately $201,000. Russell Investments Group Ltd. grew its stake in Advanced Drainage Systems by 63.0% in the 1st quarter. Russell Investments Group Ltd. now owns 66,714 shares of the construction company’s stock valued at $11,474,000 after purchasing an additional 25,786 shares during the period. US Bancorp DE grew its stake in Advanced Drainage Systems by 11.8% in the 1st quarter. US Bancorp DE now owns 2,475 shares of the construction company’s stock valued at $426,000 after purchasing an additional 262 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Advanced Drainage Systems by 319.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock valued at $26,000 after purchasing an additional 115 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Advanced Drainage Systems by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company’s stock worth $1,251,353,000 after purchasing an additional 395,099 shares during the period. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Trading Up 0.9 %

Shares of WMS stock opened at $131.42 on Friday. The stock has a market capitalization of $10.19 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 1.19 and a beta of 1.53. The company’s fifty day simple moving average is $150.26 and its two-hundred day simple moving average is $158.76. Advanced Drainage Systems, Inc. has a 1 year low of $116.98 and a 1 year high of $184.27. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15.

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

Advanced Drainage Systems Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WMS shares. Oppenheimer reduced their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Stephens restated an “equal weight” rating and set a $135.00 price target (down previously from $170.00) on shares of Advanced Drainage Systems in a research note on Wednesday. Loop Capital lowered their price target on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, November 11th. KeyCorp reduced their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Finally, Barclays dropped their price target on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.