Jessup Wealth Management Inc Purchases 1,503 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Jessup Wealth Management Inc increased its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 69.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,659 shares of the construction company’s stock after purchasing an additional 1,503 shares during the period. Jessup Wealth Management Inc’s holdings in Advanced Drainage Systems were worth $423,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WMS. CIBC Asset Management Inc grew its stake in shares of Advanced Drainage Systems by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock worth $357,000 after buying an additional 79 shares during the last quarter. CWM LLC grew its stake in shares of Advanced Drainage Systems by 18.1% in the third quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after acquiring an additional 85 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after acquiring an additional 88 shares in the last quarter. Blue Trust Inc. raised its position 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 purchasing an additional 108 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in Advanced Drainage Systems by 4.8% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock valued at $379,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Down 4.7 %

Shares of NYSE:WMS opened at $120.99 on Thursday. The stock’s 50-day simple moving average is $120.46 and its two-hundred day simple moving average is $137.64. The stock has a market capitalization of $9.38 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.22 and a beta of 1.52. Advanced Drainage Systems, Inc. has a 52-week low of $110.75 and a 52-week high of $184.27. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.53%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 10.70%.

Wall Street Analyst Weigh In

WMS has been the subject of several recent analyst reports. KeyCorp dropped their target price on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Oppenheimer cut their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Loop Capital decreased their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Stephens reaffirmed an “equal weight” rating and set a $135.00 price target on shares of Advanced Drainage Systems in a report on Friday, February 7th. Finally, UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.25.

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.