Advanced Drainage Systems, Inc. (NYSE:WMS) Stock Position Raised by Headlands Technologies LLC

Headlands Technologies LLC lifted its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 1,298.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,021 shares of the construction company’s stock after buying an additional 948 shares during the quarter. Headlands Technologies LLC’s holdings in Advanced Drainage Systems were worth $118,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Advanced Drainage Systems by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company’s stock valued at $847,610,000 after purchasing an additional 52,799 shares during the last quarter. State Street Corp lifted its position in shares of Advanced Drainage Systems by 8.8% in the third quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock worth $399,452,000 after buying an additional 206,105 shares during the last quarter. Impax Asset Management Group plc lifted its position in shares of Advanced Drainage Systems by 34.6% in the fourth quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company’s stock worth $291,723,000 after buying an additional 650,052 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Advanced Drainage Systems by 1.2% during the 4th quarter. American Century Companies Inc. now owns 1,402,447 shares of the construction company’s stock worth $162,123,000 after acquiring an additional 16,415 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Advanced Drainage Systems by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,192,746 shares of the construction company’s stock valued at $137,924,000 after acquiring an additional 5,868 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

WMS has been the subject of a number of recent analyst reports. Barclays decreased their target price on 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. UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Wednesday, January 8th. Stephens reissued an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Loop Capital lowered their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They set a “buy” rating and a $134.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and a consensus price target of $160.89.

Advanced Drainage Systems Stock Down 2.3 %

NYSE WMS opened at $100.82 on Monday. Advanced Drainage Systems, Inc. has a twelve month low of $94.59 and a twelve month high of $184.27. The stock has a market cap of $7.82 billion, a PE ratio of 16.86, a PEG ratio of 1.13 and a beta of 1.48. The firm has a 50-day simple moving average of $115.03 and a 200 day simple moving average of $128.70. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21.

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

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.70%.

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.