Achmea Investment Management B.V. Lowers Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Achmea Investment Management B.V. cut its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 7.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 127,642 shares of the construction company's stock after selling 10,405 shares during the quarter. Achmea Investment Management B.V. owned about 0.16% of Advanced Drainage Systems worth $14,756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Huntington National Bank increased its holdings in Advanced Drainage Systems by 123.1% in the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company's stock worth $61,000 after buying an additional 213 shares in the last quarter. Millburn Ridgefield Corp increased its holdings in Advanced Drainage Systems by 642.4% in the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock worth $77,000 after buying an additional 424 shares in the last quarter. UMB Bank n.a. increased its holdings 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 buying an additional 88 shares in the last quarter. Spire Wealth Management bought a new stake in Advanced Drainage Systems in the 4th quarter worth about $94,000. Finally, First Horizon Advisors Inc. increased its holdings in Advanced Drainage Systems by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock worth $102,000 after buying an additional 137 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

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Advanced Drainage Systems Stock Performance

Shares of WMS stock traded down $4.50 during trading hours on Thursday, reaching $105.19. 611,734 shares of the company traded hands, compared to its average volume of 539,535. Advanced Drainage Systems, Inc. has a 12-month low of $101.90 and a 12-month high of $184.27. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. The company has a market cap of $8.16 billion, a P/E ratio of 17.59, a P/E/G ratio of 1.13 and a beta of 1.61. The firm has a 50-day moving average price of $118.75 and a 200 day moving average price of $133.65.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. As a group, sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.61%. Advanced Drainage Systems's payout ratio is currently 10.70%.

Analyst Ratings Changes

Several research firms recently commented on WMS. StockNews.com upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Stephens reiterated an "equal weight" rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a report on Friday, February 7th. UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price objective for the company in a report on Wednesday, January 8th. Barclays cut their price target on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. Finally, Loop Capital cut their price target on 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. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $164.25.

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.