Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Swedbank AB

Swedbank AB cut its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 0.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,379,900 shares of the construction company’s stock after selling 4,376 shares during the quarter. Swedbank AB owned 1.78% of Advanced Drainage Systems worth $159,516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Huntington National Bank boosted its holdings in shares of Advanced Drainage Systems by 123.1% in the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock valued at $61,000 after acquiring an additional 213 shares in the last quarter. Millburn Ridgefield Corp lifted its stake in Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock valued at $77,000 after buying an additional 424 shares in the last quarter. CWM LLC grew its holdings in shares of Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after buying an additional 85 shares in the last quarter. UMB Bank n.a. lifted its stake in Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after acquiring an additional 88 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Advanced Drainage Systems by 12.0% in the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock valued at $116,000 after purchasing an additional 108 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Stephens reissued an “equal weight” rating and set a $135.00 target price (down from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Robert W. Baird decreased their target price on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. KeyCorp dropped their price target on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Oppenheimer lowered their target price on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Finally, Barclays cut their target price on shares of Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.88.

Advanced Drainage Systems Trading Up 0.6 %

Shares of Advanced Drainage Systems stock traded up $0.69 during trading on Wednesday, hitting $125.46. 78,870 shares of the company were exchanged, compared to its average volume of 529,503. The firm has a market capitalization of $9.73 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51. The firm’s fifty day moving average price is $123.26 and its 200 day moving average price is $142.76. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15. Advanced Drainage Systems, Inc. has a 1-year low of $110.75 and a 1-year high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The business had revenue of $782.60 million for the quarter, compared to analyst estimates of $819.41 million. During the same period in the prior year, the business earned $1.71 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, sell-side analysts expect that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.16 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.51%. Advanced Drainage Systems’s payout ratio is presently 10.19%.

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.