Capital Investment Counsel LLC Purchases Shares of 27,661 Advanced Drainage Systems, Inc. $WMS

Capital Investment Counsel LLC purchased a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) in the first quarter, Holdings Channel.com reports. The firm purchased 27,661 shares of the construction company’s stock, valued at approximately $3,793,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 last quarter. SJS Investment Consulting Inc. lifted its stake in Advanced Drainage Systems by 78.1% during the first quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock worth $33,000 after purchasing an additional 107 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Advanced Drainage Systems in the third quarter valued at approximately $36,000. Kestra Advisory Services LLC acquired a new position in Advanced Drainage Systems in the fourth quarter valued at approximately $37,000. Finally, Clearstead Advisors LLC increased its stake in Advanced Drainage Systems by 150.8% in the fourth quarter. Clearstead Advisors LLC now owns 301 shares of the construction company’s stock valued at $44,000 after purchasing an additional 181 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Down 0.3%

Shares of NYSE:WMS opened at $154.11 on Tuesday. The stock has a market cap of $11.81 billion, a P/E ratio of 28.33, a P/E/G ratio of 1.66 and a beta of 1.29. The firm has a fifty day moving average price of $141.92 and a 200 day moving average price of $148.75. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.42 and a quick ratio of 1.35. Advanced Drainage Systems, Inc. has a 1-year low of $109.63 and a 1-year high of $179.32.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. Advanced Drainage Systems had a net margin of 13.98% and a return on equity of 26.63%. The company had revenue of $676.76 million for the quarter, compared to analyst estimates of $651.92 million. During the same period in the previous year, the business posted $1.03 earnings per share. Advanced Drainage Systems’s quarterly revenue was up 9.9% on a year-over-year basis. Sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.55 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.20 per share. This is an increase from Advanced Drainage Systems’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, June 1st. Advanced Drainage Systems’s dividend payout ratio is 14.71%.

Analyst Ratings Changes

Several brokerages have recently weighed in on WMS. KeyCorp restated an “overweight” rating on shares of Advanced Drainage Systems in a research report on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Monday, April 20th. Stephens upgraded shares of Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $190.00 to $175.00 in a research note on Wednesday, May 27th. Oppenheimer reduced their price target on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, May 26th. Finally, Royal Bank Of Canada upped their price objective on shares of Advanced Drainage Systems from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $185.75.

Advanced Drainage Systems Profile

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.