Barclays PLC Grows Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Barclays PLC grew its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 32.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,383 shares of the construction company's stock after buying an additional 14,715 shares during the quarter. Barclays PLC owned 0.08% of Advanced Drainage Systems worth $6,980,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. grew its holdings in Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock worth $90,000 after acquiring an additional 88 shares in the last quarter. Spire Wealth Management bought a new position in shares of Advanced Drainage Systems during the fourth quarter valued at approximately $94,000. First Horizon Advisors Inc. increased its holdings 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 buying an additional 137 shares during the period. Blue Trust Inc. lifted its holdings in Advanced Drainage Systems by 12.0% during the fourth 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 period. Finally, Headlands Technologies LLC grew its stake in Advanced Drainage Systems by 1,298.6% in the fourth quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock valued at $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.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays reduced their price objective on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft started coverage on Advanced Drainage Systems in a research note on Tuesday, April 1st. They set a "buy" rating and a $134.00 target price on the stock. UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target for the company in a research note on Wednesday, January 8th. StockNews.com lowered Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. Finally, Stephens reaffirmed an "equal weight" rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $153.78.

Advanced Drainage Systems Stock Performance

NYSE WMS traded up $1.23 during trading hours on Monday, reaching $112.66. The stock had a trading volume of 586,452 shares, compared to its average volume of 576,447. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week high of $184.27. The stock has a fifty day moving average of $108.70 and a 200 day moving average of $122.92. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The stock has a market cap of $8.74 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings data 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 net margin of 15.90% and a return on equity of 35.79%. Sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.16 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.57%. 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.