Grantham Mayo Van Otterloo & Co. LLC Has $36.19 Million Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Grantham Mayo Van Otterloo & Co. LLC raised its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 30.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 313,063 shares of the construction company's stock after purchasing an additional 73,100 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.40% of Advanced Drainage Systems worth $36,190,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after buying an additional 88 shares during the period. Spire Wealth Management acquired a new stake in Advanced Drainage Systems during the fourth quarter valued at $94,000. First Horizon Advisors Inc. boosted its position in Advanced Drainage Systems by 18.3% during the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock valued at $102,000 after purchasing an additional 137 shares during the last quarter. Blue Trust Inc. grew its stake in Advanced Drainage Systems by 12.0% in the fourth 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 in the last quarter. Finally, Headlands Technologies LLC increased its position in Advanced Drainage Systems by 1,298.6% in the 4th quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock worth $118,000 after purchasing an additional 948 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have recently commented on WMS shares. Barclays dropped their price target on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft started coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They issued a "buy" rating and a $134.00 price target for the company. StockNews.com downgraded Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. UBS Group raised Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price for the company in a research report on Wednesday, January 8th. 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, Advanced Drainage Systems has a consensus rating of "Moderate Buy" and a consensus price target of $153.78.

Advanced Drainage Systems Stock Performance

NYSE:WMS traded up $1.18 during trading hours on Friday, hitting $104.58. 182,024 shares of the company traded hands, compared to its average volume of 571,742. 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 twelve month low of $93.92 and a twelve month high of $184.27. The firm has a 50-day moving average of $112.54 and a 200 day moving average of $126.91. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 17.48, a P/E/G ratio of 1.13 and a beta of 1.48.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) 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 net margin of 15.90% and a return on equity of 35.79%. On average, analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's payout ratio is presently 10.70%.

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.