Level Four Advisory Services LLC Lowers Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Level Four Advisory Services LLC decreased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMSGet Rating) by 28.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,735 shares of the construction company’s stock after selling 1,473 shares during the period. Level Four Advisory Services LLC’s holdings in Advanced Drainage Systems were worth $508,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in WMS. Impax Asset Management Group plc boosted its position in Advanced Drainage Systems by 10.1% during the 3rd quarter. Impax Asset Management Group plc now owns 2,976,737 shares of the construction company’s stock valued at $321,036,000 after acquiring an additional 273,343 shares in the last quarter. UMB Bank N A MO purchased a new stake in shares of Advanced Drainage Systems during the fourth quarter valued at about $86,000. Citigroup Inc. boosted its holdings in shares of Advanced Drainage Systems by 96.7% in the 3rd quarter. Citigroup Inc. now owns 57,077 shares of the construction company’s stock valued at $6,175,000 after buying an additional 28,055 shares in the last quarter. Argent Capital Management LLC grew its position in shares of Advanced Drainage Systems by 1.5% in the 4th quarter. Argent Capital Management LLC now owns 23,814 shares of the construction company’s stock worth $3,242,000 after buying an additional 356 shares during the last quarter. Finally, Royal London Asset Management Ltd. bought a new position in shares of Advanced Drainage Systems during the 4th quarter worth approximately $1,229,000. 98.10% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on WMS. StockNews.com started coverage on shares of Advanced Drainage Systems in a report on Thursday, March 31st. They set a “hold” rating on the stock. Robert W. Baird cut their price objective on Advanced Drainage Systems from $158.00 to $137.00 and set an “outperform” rating on the stock in a report on Friday. Zacks Investment Research raised Advanced Drainage Systems from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a report on Wednesday, May 11th. TheStreet lowered shares of Advanced Drainage Systems from a “b” rating to a “c+” rating in a research report on Thursday. Finally, Barclays dropped their price objective on shares of Advanced Drainage Systems from $162.00 to $138.00 and set an “overweight” rating on the stock in a report on Friday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $136.20.

WMS opened at $104.91 on Monday. The firm has a fifty day moving average price of $110.42 and a 200 day moving average price of $118.86. Advanced Drainage Systems, Inc. has a 1 year low of $92.28 and a 1 year high of $138.02. The stock has a market cap of $7.55 billion, a P/E ratio of 33.30 and a beta of 1.36. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.22 and a quick ratio of 0.94.

Advanced Drainage Systems (NYSE:WMSGet Rating) last released its quarterly earnings results on Thursday, May 19th. The construction company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.18). Advanced Drainage Systems had a return on equity of 39.01% and a net margin of 9.75%. The business had revenue of $678.20 million during the quarter, compared to analyst estimates of $623.91 million. During the same period in the previous year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 52.8% compared to the same quarter last year. Equities analysts expect that Advanced Drainage Systems, Inc. will post 4.61 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st will be given a dividend of $0.12 per share. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Tuesday, May 31st. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 13.97%.

About Advanced Drainage Systems (Get Rating)

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States, Canada, Mexico, and internationally. It operates through Pipe, International and Infiltrator, and Allied Products & Other segments.

Further Reading

Institutional Ownership by Quarter for Advanced Drainage Systems (NYSE:WMS)

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