Aigen Investment Management LP, a leading investment management firm, has recently disclosed their 13F filing with the US Securities and Exchange Commission (SEC) disclosing that the company increased its holdings–by an astonishing 286.4% in Advanced Drainage Systems, Inc. (NYSE:WMS) during Q4 of 2020. The fund’s latest 13F filing shows that it acquired an additional 6,845 shares from the construction company, bringing their total holdings to 9,235 shares which is currently valued at over $757,000 by the end of the quarter.
Several analysts have expressed their views on Advanced Drainage Systems stock in recent times. Barclays raised their target price on Advanced Drainage Systems’ shares from $113 to $119 citing strong financial performance; Robert W. Baird raised theirs from $120 to $125 in another research report on Friday last week; StockNews.com assumed coverage of Advanced Drainage Systems assessing them as “hold” while Morgan Stanley reduced Advanced Drainage System’s price target to $$105 citing slowdown in growth this year despite being rated as “overweight.” Finally, Oppenheimer perked up from $108 to $115 on ADS stocks according to one research note.
Advanced Drainage Systems’ stock opened on Tuesday at a price-point of $96.51 showcasing impressive financials amidst COVID-19 crisis and declining demand for high-end home building fixtures compared against more affordable products thanks in no small part to government stimulus packages that elevated consumer spending despite other sectors under duress–as befitting most large-cap American companies globally accredited for top-notch engineering practices The company boasts a market capitalization of $7.62 billion along with a PE ratio standing at 15.90, which is exceptionally favorable considering its current position in the industry.
In summary, ADS’s resilience during these trying times makes it a worthwhile investment route for Aigen Investment Management LP–and apparently for several market analysts as well. Despite the predictions of some, the company has demonstrated its agility during uncertain times and managed to succeed in enhancing its operations. Bloomberg reports that ADS presently holds a “Moderate Buy” consensus rating with an average price target resting at $119.17. Investors should keep tabs with these developments and updates on Advanced Drainage Systems, Inc., amid growing interest from institutional investors such as Aigen Investment Management LP, to potentially take fortuitous positions and leverage opportunities presented herein going forward.
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Advanced Drainage Systems Stocks Garner Attention from Financial Experts Worldwide
Advanced Drainage Systems (NYSE:WMS) is a construction company that has garnered attention from financial analysts worldwide. Institutional investors own 83.46% of the company’s stock, with several large investors adding or reducing their stakes in WMS. EverSource Wealth Advisors LLC bought a new stake in Advanced Drainage Systems in the third quarter for roughly $30,000, while Cullen Frost Bankers Inc. and Belpointe Asset Management LLC also purchased shares at $37,000 and $27,000 respectively during this period. During the second quarter of the year, Neo Ivy Capital Management invested around $33,000 in the company by buying a new position in Advanced Drainage Systems. Huntington National Bank’s holding percentage increased by 39.1% during Q3 as they acquired an additional 132 shares last quarter worth $58,000 in total.
In other headlines concerning Advanced Drainage Systems, Chief Accounting Officer Kevin C Talley sold over 22,006 shares of the company’s stock at an average price of $89.67 on March 3rd 2017.This transaction equates to just shy of two million dollars worth of sales.Since then he owns around 40k shares of the corporation which values at about three and a half million dollars.The sale was disclosed through a legal filing with Securities and Exchange Commission available online.Corporate insiders own 9.33% shareholdings working for this plumbing-related supply firm.
The stock having received recent reviews- Barclays upped its target price on stocks of Advanced Drainage Systems from $113.00 to $119.00 recently.Recent quarterly earnings were also reported; The construction company reported earnings per share of $1.06 for the quarter which beat consensus estimates by $.038.The construction franchise had earned revenue totaling$617.60 million during the same period compared to analysts’ expectations of around$567.10M.Therefore marking an 8.9% drop in quarterly revenue on a year-over-year basis.While the group had posted $.95 earnings per share during the same quarter in the prior year,they now boast- As a team, analysts anticipate that Advanced Drainage Systems will publish $5.28 earnings per share for the current fiscal year based on its consistently efficient contribution even while experiencing fluctuations.
Advanced Drainage Systems has also significantly increased its dividends. The firm recently declared a quarterly dividend to its stockholders which is due to be paid on June 15th. Stockholders of records as at June 1st will receive $0.14 per share; this represents an increase from Advanced Drainage Systems’ previous quarterly dividend of $0.12, indicating the company’s growth and stability. The dividend payout ratio (DPR) value of 7.91% further affirming their position as a competent, emerging plumbing empire garnering favourable nod towards their stocks by several financial experts worldwide~ Bloomberg reports that presently they have received a consensus rating of “Moderate Buy” in addition to an average price target standing at $119.17 proving their popularity amongst investors looking for robust returns resulting from the company’s long-term strength and upward potential.
