Russell Investments Group Ltd. Boosts Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Russell Investments Group Ltd. boosted its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 127.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141,921 shares of the construction company's stock after purchasing an additional 79,584 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of Advanced Drainage Systems worth $16,392,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Advanced Drainage Systems by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company's stock worth $847,610,000 after acquiring an additional 52,799 shares during the last quarter. Impax Asset Management Group plc boosted its holdings in shares of Advanced Drainage Systems by 34.6% during the 4th quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company's stock valued at $291,723,000 after purchasing an additional 650,052 shares during the last quarter. American Century Companies Inc. grew its position in shares of Advanced Drainage Systems by 1.2% during the fourth quarter. American Century Companies Inc. now owns 1,402,447 shares of the construction company's stock valued at $162,123,000 after purchasing an additional 16,415 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Advanced Drainage Systems by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,192,746 shares of the construction company's stock worth $137,924,000 after purchasing an additional 5,868 shares during the last quarter. Finally, Amundi increased its holdings in shares of Advanced Drainage Systems by 72.2% in the fourth quarter. Amundi now owns 854,764 shares of the construction company's stock worth $98,678,000 after purchasing an additional 358,271 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

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Advanced Drainage Systems Trading Down 0.2 %

Shares of WMS traded down $0.19 during mid-day trading on Tuesday, reaching $105.50. 65,315 shares of the company's stock traded hands, compared to its average volume of 573,427. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $184.27. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. The stock has a market cap of $8.18 billion, a P/E ratio of 17.64, a P/E/G ratio of 1.13 and a beta of 1.48. The stock's 50-day moving average is $112.08 and its two-hundred day moving average is $125.99.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share 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%. Research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid 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 of this dividend was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is presently 10.70%.

Analyst Upgrades and Downgrades

WMS has been the topic of a number of research reports. Barclays reduced their price objective on Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. KeyCorp decreased their price target on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. StockNews.com cut shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Advanced Drainage Systems in a report on Tuesday, April 1st. They issued a "buy" rating and a $134.00 price target for the company. Finally, Stephens reissued an "equal weight" rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, February 7th. One 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.