1 week Ago By ABMN Staff
CIBC Private Wealth Group LLC lifted its position in shares of Advanced Drainage Systems, Inc. ( NYSE:WMS – Free Report ) by 9.8% in the 4th quarter, Holdings Channel.
com reports. The fund owned 2,175 shares of the construction company’s stock after buying an additional 194 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Advanced Drainage Systems were worth $250,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in WMS. UMB Bank n.a.
increased its holdings in shares of Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.
a. now owns 781 shares of the construction company’s stock worth $90,000 after purchasing an additional 88 shares in the last quarter. Spire Wealth Management purchased a new stake in shares of Advanced Drainage Systems during the fourth quarter valued at $94,000.
First Horizon Advisors Inc. increased its holdings in Advanced Drainage Systems by 18.3% in the 4th quarter.
First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock worth $102,000 after buying an additional 137 shares in the last quarter. Blue Trust Inc.
raised its position in Advanced Drainage Systems by 12.0% in the 4th quarter. Blue Trust Inc.
now owns 1,005 shares of the construction company’s stock worth $116,000 after buying an additional 108 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new position in Advanced Drainage Systems during the 3rd quarter valued at about $259,000.
89.83% of the stock is currently owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades WMS has been the subject of several research reports.
Loop Capital decreased their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, February 7th.
UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Wednesday, January 8th. StockNews.
com downgraded Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft started coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They set a “buy” rating and a $134.
00 price objective for the company. Finally, Stephens reissued an “equal weight” rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th.
One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and a consensus target price of $160.
89. Advanced Drainage Systems Stock Performance Shares of WMS opened at $100.82 on Monday.
The business has a 50-day simple moving average of $115.03 and a two-hundred day simple moving average of $128.70.
The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.
93. Advanced Drainage Systems, Inc. has a 52 week low of $94.
59 and a 52 week high of $184.27. The stock has a market cap of $7.
82 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.13 and a beta of 1.
48. Advanced Drainage Systems ( NYSE:WMS – Get Free Report ) last released its earnings results on Thursday, February 6th. The construction company reported $1.
09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.25).
Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%.
On average, analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.
Advanced Drainage Systems Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.16 per share.
The ex-dividend date was Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.
63%. Advanced Drainage Systems’s payout ratio is 10.70%.
Advanced Drainage Systems Company Profile ( Free Report ) 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.
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