D.B. Root & Company LLC Makes New Investment in Advanced Drainage Systems, Inc. $WMS

D.B. Root & Company LLC purchased a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,221 shares of the construction company’s stock, valued at approximately $663,000.

Several other large investors have also bought and sold shares of the business. Hill City Capital LP bought a new position in Advanced Drainage Systems in the second quarter valued at about $75,341,000. Cibc World Market Inc. bought a new position in shares of Advanced Drainage Systems in the second quarter worth about $1,278,000. Sanctuary Advisors LLC bought a new position in shares of Advanced Drainage Systems in the second quarter worth about $621,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Advanced Drainage Systems in the 2nd quarter valued at approximately $259,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Advanced Drainage Systems during the 2nd quarter valued at approximately $55,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Trading Up 0.1%

NYSE WMS opened at $143.91 on Monday. The firm has a market capitalization of $10.85 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 1.57 and a beta of 1.27. The business’s 50-day moving average price is $146.28 and its two-hundred day moving average price is $147.25. The company has a current ratio of 2.12, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. Advanced Drainage Systems, Inc. has a 12 month low of $128.03 and a 12 month high of $179.32.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, August 6th. The construction company reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.39. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.39 million. Advanced Drainage Systems had a return on equity of 28.28% and a net margin of 14.00%.The firm’s revenue was up 20.6% compared to the same quarter last year. During the same period last year, the company earned $1.95 earnings per share. On average, analysts expect that Advanced Drainage Systems, Inc. will post 6.62 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 13.82%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Robert W. Baird set a $206.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Friday, July 17th. Barclays raised their price objective on Advanced Drainage Systems from $181.00 to $191.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. KeyCorp restated an “overweight” rating on shares of Advanced Drainage Systems in a research report on Monday, June 22nd. Finally, Jefferies Financial Group initiated coverage on Advanced Drainage Systems in a report on Thursday, June 11th. They issued a “buy” rating and a $175.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $188.38.

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.