Jane Street Group LLC purchased a new position in shares of Advanced Drainage Systems Inc (NYSE:WMS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,687 shares of the construction company’s stock, valued at approximately $361,000.
Several other institutional investors also recently made changes to their positions in the company. Rhumbline Advisers grew its holdings in Advanced Drainage Systems by 27.7% in the 2nd quarter. Rhumbline Advisers now owns 41,427 shares of the construction company’s stock worth $1,183,000 after buying an additional 8,979 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Advanced Drainage Systems by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 274,540 shares of the construction company’s stock worth $7,838,000 after buying an additional 18,870 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Advanced Drainage Systems by 14.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 219,551 shares of the construction company’s stock worth $6,269,000 after buying an additional 27,976 shares in the last quarter. Calamos Advisors LLC bought a new position in Advanced Drainage Systems in the 3rd quarter worth approximately $408,000. Finally, JPMorgan Chase & Co. grew its holdings in Advanced Drainage Systems by 12.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,943,128 shares of the construction company’s stock worth $60,041,000 after buying an additional 219,049 shares in the last quarter. Institutional investors and hedge funds own 79.71% of the company’s stock.
Shares of NYSE WMS opened at $25.55 on Monday. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.31 and a quick ratio of 1.19. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 31.54 and a beta of 1.06. Advanced Drainage Systems Inc has a 1 year low of $21.70 and a 1 year high of $33.50.
Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, November 8th. The construction company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $406.56 million during the quarter, compared to analyst estimates of $417.03 million. Advanced Drainage Systems had a return on equity of 46.15% and a net margin of 6.20%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the company posted $0.29 EPS. Equities research analysts forecast that Advanced Drainage Systems Inc will post 1.07 earnings per share for the current year.
A number of equities analysts recently issued reports on the company. Zacks Investment Research raised Advanced Drainage Systems from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Saturday, October 13th. Robert W. Baird decreased their price target on Advanced Drainage Systems from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Monday, November 12th. ValuEngine lowered Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Barclays decreased their price target on Advanced Drainage Systems from $30.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 12th. Finally, Citigroup decreased their price target on Advanced Drainage Systems from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Monday, November 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $30.50.
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Advanced Drainage Systems Profile
Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.
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