Advanced Drainage Systems, Inc. (NYSE:WMS) Position Decreased by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. decreased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,506 shares of the construction company’s stock after selling 658 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Advanced Drainage Systems were worth $2,948,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp lifted its stake in Advanced Drainage Systems by 8.8% during the third quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock valued at $399,452,000 after buying an additional 206,105 shares in the last quarter. Impax Asset Management Group plc lifted its stake in Advanced Drainage Systems by 34.6% during the fourth quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company’s stock valued at $291,723,000 after buying an additional 650,052 shares in the last quarter. Swedbank AB lifted its stake in Advanced Drainage Systems by 5.8% during the third quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock valued at $217,553,000 after buying an additional 75,455 shares in the last quarter. Geode Capital Management LLC lifted its stake in Advanced Drainage Systems by 5.2% during the third quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company’s stock valued at $186,578,000 after buying an additional 59,158 shares in the last quarter. Finally, Amundi lifted its stake in Advanced Drainage Systems by 72.2% during the fourth quarter. Amundi now owns 854,764 shares of the construction company’s stock valued at $98,678,000 after buying an additional 358,271 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Trading Down 2.0 %

Shares of WMS stock opened at $109.66 on Friday. Advanced Drainage Systems, Inc. has a 12 month low of $101.90 and a 12 month high of $184.27. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The business’s 50 day moving average is $118.09 and its two-hundred day moving average is $131.78. The company has a market cap of $8.51 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Equities analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.58%. Advanced Drainage Systems’s payout ratio is 10.70%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WMS shares. Loop Capital reduced their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, February 7th. UBS Group raised shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a research report on Wednesday, January 8th. StockNews.com raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Barclays reduced their price target on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Finally, Stephens reissued an “equal weight” rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and a consensus price target of $164.25.

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.