Dividend Flows Don’t Lie: Dec 15, 2016 is the day that Advanced Drainage Systems, Inc. (NYSE:WMS) shareholders will see dividends of $0.06?

Dividend Flows Don't Lie: Dec 15, 2016 is the day that Advanced Drainage Systems, Inc. (NYSE:WMS) shareholders will see dividends of $0.06?

Advanced Drainage Systems, Inc. (NYSE:WMS) is expected to pay $0.06 on Dec 15, 2016. The indicated annual dividend is $0.24. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Advanced Drainage Systems, Inc.’s current price of $21.35, the dividend is 0.28%. This dividend’s record date is Dec 1, 2016 and the announcement date is Nov 11, 2016. The stock increased 0.47% or $0.1 on November 25, hitting $21.35. Advanced Drainage Systems Inc (NYSE:WMS) has declined 9.92% since April 25, 2016 and is downtrending. It has underperformed by 15.93% the S&P500.

Advanced Drainage Systems, Inc. is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The company has a market cap of $1.18 billion. The Firm operates through two divisions: Domestic and International. It has a 43.93 P/E ratio. The Domestic segment makes and markets products throughout the United States.

Insitutional Activity: The institutional sentiment decreased to 1.17 in 2016 Q2. Its down 0.41, from 1.58 in 2016Q1. The ratio dived, as 11 funds sold all Advanced Drainage Systems Inc shares owned while 25 reduced positions. 15 funds bought stakes while 42 increased positions. They now own 38.73 million shares or 3.99% more from 37.25 million shares in 2016Q1.
Northern Tru Corp reported 470,822 shares or 0% of all its holdings. Moreover, Renaissance Ltd Limited Liability Company has 0% invested in Advanced Drainage Systems Inc (NYSE:WMS) for 10,200 shares. 12 West Lp last reported 16.73% of its portfolio in the stock. New York State Common Retirement Fund has 0% invested in the company for 36,400 shares. Nationwide Fund holds 0% or 22,644 shares in its portfolio. Moreover, Rhumbline Advisers has 0% invested in Advanced Drainage Systems Inc (NYSE:WMS) for 34,436 shares. Fifth Third National Bank & Trust reported 284,630 shares or 0.07% of all its holdings. Steinberg Asset Mngmt Ltd Liability has invested 0.13% of its portfolio in Advanced Drainage Systems Inc (NYSE:WMS). Ladenburg Thalmann Serv has invested 0% of its portfolio in Advanced Drainage Systems Inc (NYSE:WMS). Royal Fincl Bank Of Canada accumulated 0% or 600 shares. Pacad Invest, a British Columbia – Canada-based fund reported 100 shares. Ranger Investment Mgmt Ltd Partnership holds 683,690 shares or 1.15% of its portfolio. Vanguard Gru has 2.51M shares for 0% of their US portfolio. Goldman Sachs Inc holds 8,012 shares or 0% of its portfolio. Bank Of New York Mellon Corporation holds 0% or 210,577 shares in its portfolio.

Advanced Drainage Systems Inc (NYSE:WMS) Ratings Coverage

Out of 3 analysts covering Advanced Drainage Systems (NYSE:WMS), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Advanced Drainage Systems has been the topic of 8 analyst reports since November 24, 2015 according to StockzIntelligence Inc. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, November 24 report. The firm has “Outperform” rating given on Monday, January 11 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, June 8 report. As per Thursday, August 11, the company rating was downgraded by Boenning & Scattergood. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, October 7 report. The firm has “Hold” rating given on Wednesday, June 8 by Deutsche Bank. The stock of Advanced Drainage Systems Inc (NYSE:WMS) earned “Hold” rating by Deutsche Bank on Thursday, March 31. As per Wednesday, February 24, the company rating was maintained by RBC Capital Markets.

More recent Advanced Drainage Systems Inc (NYSE:WMS) news were published by: Bizjournals.com which released: “Advanced Drainage Systems blames ‘tone at the top’ for accounting errors” on March 30, 2016. Also Nasdaq.com published the news titled: “YieldBoost Advanced Drainage Systems From 1.2% To 14.9% Using Options” on November 15, 2016. Forbes.com‘s news article titled: “Advanced Drainage Systems Becomes Oversold (WMS)” with publication date: August 22, 2016 was also an interesting one.

WMS Company Profile

Advanced Drainage Systems, Inc., incorporated on October 31, 1966, is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Firm operates through two divisions: Domestic and International. The Company’s product line includes corrugated high density polyethylene (HDPE) pipe, polypropylene (PP) pipe and related water management products. The Company’s products are used across a range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. The Firm also offers various products categorized into storm and septic chambers, polyvinyl chloride (PVC) drainage structures, fittings and filters, and water quality filters and separators.

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