Rockefeller Capital Management L.P. Has $11.29 Million Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Rockefeller Capital Management L.P. lessened its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 5.9% in the third quarter, HoldingsChannel.com reports. The firm owned 71,840 shares of the construction company’s stock after selling 4,505 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Advanced Drainage Systems were worth $11,290,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC increased its position in shares of Advanced Drainage Systems by 4.7% during the second quarter. William Blair Investment Management LLC now owns 1,430,091 shares of the construction company’s stock worth $229,372,000 after buying an additional 64,618 shares during the period. Swedbank AB grew its holdings in Advanced Drainage Systems by 5.8% during the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock worth $217,553,000 after acquiring an additional 75,455 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Advanced Drainage Systems by 0.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,382,735 shares of the construction company’s stock worth $221,777,000 after acquiring an additional 7,690 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Advanced Drainage Systems by 13.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 772,588 shares of the construction company’s stock valued at $123,920,000 after purchasing an additional 94,019 shares during the period. Finally, KBC Group NV boosted its position in shares of Advanced Drainage Systems by 0.3% during the 3rd quarter. KBC Group NV now owns 609,497 shares of the construction company’s stock valued at $95,789,000 after purchasing an additional 1,773 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays lowered their target price on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Loop Capital decreased their price target on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Robert W. Baird reduced their target price on 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. KeyCorp dropped their price target 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. Finally, Stephens reissued an “equal weight” rating and issued a $135.00 price objective (down previously from $170.00) on shares of Advanced Drainage Systems in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and a consensus target price of $170.29.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS opened at $133.93 on Tuesday. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 1.22 and a beta of 1.48. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. Advanced Drainage Systems, Inc. has a fifty-two week low of $122.61 and a fifty-two week high of $184.27. The firm’s 50-day simple moving average is $147.19 and its 200 day simple moving average is $156.09.

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

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Monday, December 2nd. Advanced Drainage Systems’s payout ratio is 10.19%.

Advanced Drainage Systems Company 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.