Triodos Investment Management BV Acquires 60,500 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Triodos Investment Management BV boosted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 539,811 shares of the construction company's stock after acquiring an additional 60,500 shares during the period. Advanced Drainage Systems accounts for approximately 5.0% of Triodos Investment Management BV's investment portfolio, making the stock its 2nd biggest position. Triodos Investment Management BV owned about 0.70% of Advanced Drainage Systems worth $62,402,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Advanced Drainage Systems by 15.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 562,052 shares of the construction company's stock valued at $88,332,000 after purchasing an additional 75,008 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Advanced Drainage Systems by 4.3% in the 3rd quarter. Cerity Partners LLC now owns 28,432 shares of the construction company's stock worth $4,468,000 after acquiring an additional 1,160 shares during the last quarter. Independent Advisor Alliance purchased a new position in shares of Advanced Drainage Systems during the 3rd quarter worth $939,000. Bank of Montreal Can boosted its position in shares of Advanced Drainage Systems by 20.3% during the 3rd quarter. Bank of Montreal Can now owns 74,568 shares of the construction company's stock valued at $11,953,000 after acquiring an additional 12,559 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Advanced Drainage Systems by 50.8% in the third quarter. FMR LLC now owns 54,341 shares of the construction company's stock valued at $8,540,000 after purchasing an additional 18,313 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

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Advanced Drainage Systems Stock Up 0.5 %

Shares of NYSE:WMS traded up $0.56 during trading on Tuesday, hitting $109.21. The company's stock had a trading volume of 148,896 shares, compared to its average volume of 638,804. The company has a market capitalization of $8.47 billion, a PE ratio of 18.26, a P/E/G ratio of 1.13 and a beta of 1.61. 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, Inc. has a fifty-two week low of $101.90 and a fifty-two week high of $184.27. The business has a 50 day moving average price of $116.61 and a two-hundred day moving average price of $129.92.

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 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%. As a group, research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.16 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.59%. Advanced Drainage Systems's dividend payout ratio is currently 10.70%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on WMS shares. Stephens reiterated an "equal weight" rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Advanced Drainage Systems in a research report on Tuesday. They issued a "buy" rating and a $134.00 target price on the stock. StockNews.com raised shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. Loop Capital cut their target price 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, Barclays decreased their price target on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Advanced Drainage Systems has a consensus rating of "Moderate Buy" and a consensus target price of $160.89.

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.