Summit Investment Advisors Inc. Has $1.63 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Summit Investment Advisors Inc. lessened its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 2.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,132 shares of the construction company’s stock after selling 360 shares during the period. Summit Investment Advisors Inc.’s holdings in Advanced Drainage Systems were worth $1,634,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. boosted its position in Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after buying an additional 88 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of 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 acquiring an additional 108 shares in the last quarter. CIBC Asset Management Inc grew its position in Advanced Drainage Systems by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,390 shares of the construction company’s stock worth $276,000 after acquiring an additional 119 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its holdings in Advanced Drainage Systems by 7.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company’s stock valued at $231,000 after purchasing an additional 125 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position 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 valued at $102,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

WMS stock opened at $104.88 on Wednesday. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $184.27. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The company has a market cap of $8.14 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. The business’s fifty day moving average is $111.83 and its 200-day moving average is $125.84.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Equities research analysts forecast 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. Investors of record on Friday, February 28th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems’s payout ratio is 10.70%.

Wall Street Analysts Forecast Growth

WMS has been the topic of several research analyst reports. Loop Capital decreased their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, February 7th. UBS Group raised 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Advanced Drainage Systems in a research report on Tuesday, April 1st. They set a “buy” rating and a $134.00 target price on the stock. Barclays lowered their price target on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, Stephens reiterated an “equal weight” rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $153.78.

Advanced Drainage Systems Company 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.