AIA Group Ltd Has $3.28 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

AIA Group Ltd trimmed its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,370 shares of the construction company's stock after selling 14,226 shares during the quarter. AIA Group Ltd's holdings in Advanced Drainage Systems were worth $3,280,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in WMS. Vanguard Group Inc. grew its position in Advanced Drainage Systems by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company's stock worth $847,610,000 after purchasing an additional 52,799 shares in the last quarter. State Street Corp boosted its position in shares of Advanced Drainage Systems by 8.8% in the third 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 period. Impax Asset Management Group plc grew its holdings in shares of Advanced Drainage Systems by 34.6% during the fourth quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company's stock valued at $291,723,000 after buying an additional 650,052 shares in the last quarter. American Century Companies Inc. raised its position in 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 buying an additional 16,415 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Advanced Drainage Systems by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company's stock worth $186,578,000 after acquiring an additional 59,158 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Advanced Drainage Systems Stock Down 2.3 %

Shares of WMS stock traded down $2.35 on Friday, hitting $100.82. The company's stock had a trading volume of 957,294 shares, compared to its average volume of 566,230. 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 capitalization of $7.82 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems, Inc. has a fifty-two week low of $95.39 and a fifty-two week high of $184.27. The firm's fifty day moving average price is $115.03 and its 200-day moving average price is $128.85.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates 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 anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.63%. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 10.70%.

Analysts Set New Price Targets

WMS has been the topic of several research analyst reports. UBS Group raised Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Advanced Drainage Systems in a research report on Tuesday. They set a "buy" rating and a $134.00 price objective on the stock. Loop Capital cut their target price on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Barclays lowered their price target on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. Finally, Stephens reiterated an "equal weight" rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a 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 issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.89.

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.