Dai ichi Life Insurance Company Ltd Acquires 13,165 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Dai ichi Life Insurance Company Ltd raised its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 180.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,465 shares of the construction company’s stock after buying an additional 13,165 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Advanced Drainage Systems were worth $3,216,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of WMS. West Oak Capital LLC lifted its stake in Advanced Drainage Systems by 133.3% during the 2nd quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after acquiring an additional 100 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Advanced Drainage Systems by 1,472.7% during the second quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock valued at $30,000 after purchasing an additional 162 shares in the last quarter. National Bank of Canada FI purchased a new position in Advanced Drainage Systems during the second quarter worth about $45,000. Huntington National Bank grew its position in Advanced Drainage Systems by 123.1% in the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after purchasing an additional 213 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Advanced Drainage Systems by 65.2% in the 2nd quarter. GAMMA Investing LLC now owns 451 shares of the construction company’s stock valued at $72,000 after buying an additional 178 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Down 2.0 %

Advanced Drainage Systems stock opened at $131.65 on Wednesday. The firm has a 50 day simple moving average of $148.67 and a 200 day simple moving average of $157.21. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. Advanced Drainage Systems, Inc. has a 1-year low of $117.97 and a 1-year high of $184.27. The firm has a market capitalization of $10.21 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.22 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.23). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The company had revenue of $782.60 million during the quarter, compared to analysts’ expectations of $819.41 million. During the same quarter last year, the firm posted $1.71 earnings per share. Advanced Drainage Systems’s revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts predict that Advanced Drainage Systems, Inc. will post 6.5 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.64 annualized dividend and a yield of 0.49%. Advanced Drainage Systems’s dividend payout ratio is currently 10.19%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Stephens reaffirmed an “equal weight” rating and issued a $135.00 target price (down from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Oppenheimer decreased their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Barclays decreased their price objective on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Robert W. Baird decreased their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Finally, KeyCorp dropped their price objective on 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.29.

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.