AEGON ASSET MANAGEMENT UK Plc Sells 10,583 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

AEGON ASSET MANAGEMENT UK Plc cut its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 213,536 shares of the construction company's stock after selling 10,583 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.28% of Advanced Drainage Systems worth $24,680,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. State Street Corp boosted its stake in shares of 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 buying an additional 206,105 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Advanced Drainage Systems by 50.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company's stock worth $11,186,000 after buying an additional 32,418 shares during the last quarter. Zacks Investment Management bought a new stake in shares of Advanced Drainage Systems in the 3rd quarter valued at about $2,694,000. Advantage Alpha Capital Partners LP bought a new stake in shares of Advanced Drainage Systems in the 3rd quarter valued at about $8,540,000. Finally, Swedbank AB raised its holdings in shares of Advanced Drainage Systems by 5.8% in the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company's stock valued at $217,553,000 after purchasing an additional 75,455 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Trading Down 1.2 %

NYSE WMS traded down $1.46 during mid-day trading on Friday, reaching $125.04. 432,189 shares of the stock were exchanged, compared to its average volume of 483,734. Advanced Drainage Systems, Inc. has a one year low of $110.75 and a one year high of $184.27. The stock has a 50 day simple moving average of $123.51 and a 200-day simple moving average of $143.46. The stock has a market cap of $9.69 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.20 and a beta of 1.51. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.93 by ($0.23). Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The firm had revenue of $782.60 million for the quarter, compared to the consensus estimate of $819.41 million. During the same period in the prior year, the business earned $1.71 EPS. Advanced Drainage Systems's quarterly revenue was up .3% on a year-over-year basis. On average, analysts anticipate that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, December 2nd. Advanced Drainage Systems's dividend payout ratio (DPR) is currently 10.19%.

Wall Street Analysts Forecast Growth

WMS has been the topic of several research analyst reports. Robert W. Baird lowered their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating on the stock in a report on Monday, November 11th. Oppenheimer reduced their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a research report on Monday, November 11th. Barclays reduced their price target on shares of Advanced Drainage Systems from $172.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Loop Capital cut their target price on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, November 11th. Finally, KeyCorp cut their target price on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock 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 company. Based on data from MarketBeat, Advanced Drainage Systems has a consensus rating of "Moderate Buy" and a consensus price target of $166.88.

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.