Cramer Rosenthal Mcglynn LLC Decreases Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Cramer Rosenthal Mcglynn LLC lowered its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 139,403 shares of the construction company's stock after selling 18,025 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 0.18% of Advanced Drainage Systems worth $16,115,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in WMS. UMB Bank n.a. boosted its stake in Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after acquiring an additional 88 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of Advanced Drainage Systems in the 4th quarter valued at about $94,000. First Horizon Advisors Inc. grew its stake in Advanced Drainage Systems by 18.3% during 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 during the last quarter. Blue Trust Inc. grew its stake in Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock worth $116,000 after buying an additional 108 shares during the last quarter. Finally, Headlands Technologies LLC increased its position in Advanced Drainage Systems by 1,298.6% during the fourth quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock worth $118,000 after buying an additional 948 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Price Performance

Shares of WMS traded up $2.24 during mid-day trading on Wednesday, hitting $106.96. The company's stock had a trading volume of 132,820 shares, compared to its average volume of 571,417. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $184.27. The firm has a market capitalization of $8.30 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.13 and a beta of 1.48. The firm has a 50-day simple moving average of $109.74 and a 200 day simple moving average of $124.03.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its earnings results 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 net margin of 15.90% and a return on equity of 35.79%. Analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.60%. Advanced Drainage Systems's payout ratio is currently 10.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Barclays lowered their target price on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Loop Capital dropped their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. KeyCorp decreased their target price on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They issued a "buy" rating and a $134.00 price target on the stock. Finally, UBS Group raised Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price objective for the company in a research report on Wednesday, January 8th. 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 currently has a consensus rating of "Moderate Buy" and an average target price of $153.78.

About Advanced Drainage Systems

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.