Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Acquired by Mirova US LLC

Mirova US LLC lifted its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 18.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 407,588 shares of the construction company's stock after buying an additional 63,625 shares during the quarter. Mirova US LLC owned approximately 0.53% of Advanced Drainage Systems worth $47,117,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of WMS. Envestnet Portfolio Solutions Inc. grew its stake in shares of Advanced Drainage Systems by 3.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,071 shares of the construction company's stock valued at $1,049,000 after purchasing an additional 282 shares during the period. LBP AM SA raised its holdings in shares of Advanced Drainage Systems by 1.4% during the 4th quarter. LBP AM SA now owns 58,432 shares of the construction company's stock worth $6,755,000 after acquiring an additional 827 shares in the last quarter. PGGM Investments raised its holdings in shares of Advanced Drainage Systems by 84.2% during the 4th quarter. PGGM Investments now owns 150,261 shares of the construction company's stock worth $17,370,000 after acquiring an additional 68,671 shares in the last quarter. Vestcor Inc purchased a new stake in shares of Advanced Drainage Systems during the 4th quarter worth approximately $247,000. Finally, Swiss National Bank raised its holdings in Advanced Drainage Systems by 6.3% during the 4th quarter. Swiss National Bank now owns 144,900 shares of the construction company's stock valued at $16,750,000 after buying an additional 8,600 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

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

Advanced Drainage Systems Stock Down 1.2 %

NYSE WMS traded down $1.33 on Friday, hitting $108.33. 1,844,493 shares of the stock were exchanged, compared to its average volume of 541,321. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems, Inc. has a fifty-two week low of $101.90 and a fifty-two week high of $184.27. The company has a market cap of $8.40 billion, a PE ratio of 18.12, a PEG ratio of 1.13 and a beta of 1.61. The company has a 50-day moving average price of $118.00 and a 200-day moving average price of $131.44.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly 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 net margin of 15.90% and a return on equity of 35.79%. Sell-side analysts anticipate 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. Shareholders of record on Friday, February 28th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.59%. Advanced Drainage Systems's dividend payout ratio is currently 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.