5,122 Shares in Advanced Drainage Systems, Inc. $WMS Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC purchased a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 5,122 shares of the construction company’s stock, valued at approximately $702,000.

Other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Advanced Drainage Systems by 352.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock worth $26,000 after purchasing an additional 176 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in shares of Advanced Drainage Systems in the 3rd quarter valued at $36,000. Kestra Advisory Services LLC acquired a new position in shares of Advanced Drainage Systems in the 4th quarter valued at $37,000. Clearstead Advisors LLC boosted its holdings in Advanced Drainage Systems by 150.8% during the fourth quarter. Clearstead Advisors LLC now owns 301 shares of the construction company’s stock worth $44,000 after buying an additional 181 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Advanced Drainage Systems during the fourth quarter worth $42,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Jefferies Financial Group initiated coverage on shares of Advanced Drainage Systems in a report on Thursday, June 11th. They issued a “buy” rating and a $175.00 price objective for the company. Stephens raised shares of Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $190.00 to $175.00 in a research note on Wednesday, May 27th. Zacks Research cut Advanced Drainage Systems from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. Oppenheimer cut their price target on Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday, May 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Monday, April 20th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and an average target price of $185.75.

Advanced Drainage Systems Trading Up 0.0%

WMS stock opened at $152.24 on Friday. Advanced Drainage Systems, Inc. has a 12-month low of $109.63 and a 12-month high of $179.32. The business’s 50-day moving average is $141.85 and its 200 day moving average is $148.84. The company has a current ratio of 2.42, a quick ratio of 1.35 and a debt-to-equity ratio of 0.92. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 1.64 and a beta of 1.26.

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

Advanced Drainage Systems Increases Dividend

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

Advanced Drainage Systems Company 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.