Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. lifted its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 132.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,165 shares of the construction company's stock after purchasing an additional 3,511 shares during the quarter. Bridges Investment Management Inc.'s holdings in Advanced Drainage Systems were worth $713,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. State Street Corp boosted its stake in Advanced Drainage Systems by 8.8% during the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company's stock worth $399,452,000 after purchasing an additional 206,105 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Advanced Drainage Systems by 50.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company's stock worth $11,186,000 after acquiring an additional 32,418 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Advanced Drainage Systems in the third quarter worth approximately $2,694,000. Advantage Alpha Capital Partners LP acquired a new stake in shares of Advanced Drainage Systems in the third quarter worth approximately $8,540,000. Finally, Swedbank AB lifted its position in Advanced Drainage Systems by 5.8% during the third quarter. Swedbank AB now owns 1,384,276 shares of the construction company's stock valued at $217,553,000 after buying an additional 75,455 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Loop Capital decreased their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Robert W. Baird decreased their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating on the stock in a research report on Monday, November 11th. Stephens restated an "equal weight" rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Barclays lowered their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. Finally, KeyCorp reduced their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Advanced Drainage Systems has a consensus rating of "Moderate Buy" and a consensus target price of $164.25.

Advanced Drainage Systems Trading Up 0.7 %

Shares of NYSE:WMS traded up $0.81 during trading on Thursday, hitting $112.20. The company had a trading volume of 234,418 shares, compared to its average volume of 529,963. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. 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 company has a fifty day simple moving average of $119.08 and a two-hundred day simple moving average of $135.17. Advanced Drainage Systems, Inc. has a one year low of $101.90 and a one year high of $184.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced 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%. As a group, equities analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 dividend on an annualized basis 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.