Focus Financial Network Inc. Buys 369 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Focus Financial Network Inc. boosted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 12.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,283 shares of the construction company’s stock after buying an additional 369 shares during the quarter. Focus Financial Network Inc.’s holdings in Advanced Drainage Systems were worth $357,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc grew its position in Advanced Drainage Systems by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,390 shares of the construction company’s stock valued at $276,000 after buying an additional 119 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its position in Advanced Drainage Systems by 7.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company’s stock valued at $231,000 after buying an additional 125 shares during the period. First Horizon Advisors Inc. boosted its position in Advanced Drainage Systems by 18.3% during the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock worth $102,000 after purchasing an additional 137 shares during the period. Isthmus Partners LLC boosted its position in Advanced Drainage Systems by 5.9% during the fourth quarter. Isthmus Partners LLC now owns 2,725 shares of the construction company’s stock worth $315,000 after purchasing an additional 153 shares during the period. Finally, Nicolet Advisory Services LLC boosted its position in Advanced Drainage Systems by 4.1% during the fourth quarter. Nicolet Advisory Services LLC now owns 4,024 shares of the construction company’s stock worth $454,000 after purchasing an additional 157 shares during the period. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WMS. Loop Capital lowered their price target on shares of Advanced Drainage Systems from $143.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, May 16th. Oppenheimer dropped their target price on shares of Advanced Drainage Systems from $165.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, May 16th. KeyCorp dropped their target price on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. UBS Group lowered their price objective on shares of Advanced Drainage Systems from $155.00 to $146.00 and set a “buy” rating for the company in a report on Friday, May 16th. Finally, Robert W. Baird lowered their price objective on shares of Advanced Drainage Systems from $146.00 to $141.00 and set an “outperform” rating for the company in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and an average price target of $139.88.

Advanced Drainage Systems Stock Down 2.2%

Shares of Advanced Drainage Systems stock opened at $113.05 on Friday. The company’s fifty day simple moving average is $111.85 and its two-hundred day simple moving average is $115.86. The company has a market cap of $8.78 billion, a P/E ratio of 18.90, a PEG ratio of 1.13 and a beta of 1.25. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $179.57.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, May 15th. The construction company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.06). The firm had revenue of $615.76 million during the quarter, compared to the consensus estimate of $653.22 million. Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.23 EPS. Research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 0.64%. This is a positive change from Advanced Drainage Systems’s previous quarterly dividend of $0.16. Advanced Drainage Systems’s dividend payout ratio is presently 12.50%.

Advanced Drainage Systems Profile

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.