Marshall Financial Group LLC Reduces Holdings in Advanced Drainage Systems, Inc. $WMS

Marshall Financial Group LLC decreased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 81.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,803 shares of the construction company’s stock after selling 7,726 shares during the quarter. Marshall Financial Group LLC’s holdings in Advanced Drainage Systems were worth $261,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in Advanced Drainage Systems by 352.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock valued at $26,000 after acquiring an additional 176 shares during the period. Mather Group LLC. bought a new position in Advanced Drainage Systems during the third quarter worth about $28,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Advanced Drainage Systems during the third quarter worth about $33,000. Cullen Frost Bankers Inc. increased its stake in shares of Advanced Drainage Systems by 1,242.1% in the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the construction company’s stock worth $35,000 after purchasing an additional 236 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Advanced Drainage Systems in the third quarter worth about $36,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. UBS Group set a $215.00 price target on shares of Advanced Drainage Systems and gave the company a “buy” rating in a research note on Friday, February 6th. KeyCorp lifted their price objective on shares of Advanced Drainage Systems from $180.00 to $198.00 and gave the company an “overweight” rating in a research note on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, January 21st. Royal Bank Of Canada increased their target price on Advanced Drainage Systems from $176.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Finally, Robert W. Baird set a $205.00 price target on Advanced Drainage Systems in a report on Friday, February 6th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.00.

Advanced Drainage Systems Trading Up 4.4%

Shares of WMS opened at $138.03 on Tuesday. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $179.32. The stock has a market cap of $10.75 billion, a PE ratio of 22.97, a P/E/G ratio of 1.56 and a beta of 1.27. The company has a quick ratio of 3.08, a current ratio of 4.12 and a debt-to-equity ratio of 0.72. The business’s 50-day moving average price is $157.88 and its 200-day moving average price is $149.55.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, February 5th. The construction company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. The company had revenue of $693.35 million during the quarter, compared to analyst estimates of $686.37 million. Advanced Drainage Systems had a net margin of 15.75% and a return on equity of 27.72%. Advanced Drainage Systems’s revenue was up .4% compared to the same quarter last year. During the same period last year, the business earned $1.09 earnings per share. On average, equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, March 2nd. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 11.98%.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.