Barclays PLC Reduces Stake in Advanced Drainage Systems, Inc. (NYSE:WMS)

Barclays PLC lowered its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 25.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,668 shares of the construction company's stock after selling 15,816 shares during the quarter. Barclays PLC owned about 0.06% of Advanced Drainage Systems worth $7,178,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc boosted its position in shares of Advanced Drainage Systems by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company's stock worth $357,000 after purchasing an additional 79 shares in the last quarter. CWM LLC boosted its holdings in Advanced Drainage Systems by 18.1% in the third quarter. CWM LLC now owns 555 shares of the construction company's stock worth $87,000 after acquiring an additional 85 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Advanced Drainage Systems by 10.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the construction company's stock valued at $164,000 after acquiring an additional 95 shares in the last quarter. West Oak Capital LLC grew its position in Advanced Drainage Systems by 133.3% in the 2nd quarter. West Oak Capital LLC now owns 175 shares of the construction company's stock valued at $28,000 after purchasing an additional 100 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its position in shares of Advanced Drainage Systems by 4.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company's stock worth $379,000 after acquiring an additional 111 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Price Performance

Shares of Advanced Drainage Systems stock traded down $2.08 on Thursday, hitting $114.63. 703,125 shares of the company traded hands, compared to its average volume of 517,504. Advanced Drainage Systems, Inc. has a 12-month low of $114.28 and a 12-month high of $184.27. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. The company has a market cap of $8.89 billion, a P/E ratio of 18.25, a P/E/G ratio of 1.22 and a beta of 1.48. The firm's 50-day simple moving average is $140.15 and its 200 day simple moving average is $151.99.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $819.41 million. During the same period in the prior year, the company earned $1.71 EPS. The firm's quarterly revenue was up .3% compared to the same quarter last year. Analysts expect that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.16 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.64 annualized dividend and a dividend yield of 0.56%. Advanced Drainage Systems's payout ratio is 10.19%.

Analyst Ratings Changes

A number of research firms have issued reports on WMS. Barclays cut their price target on Advanced Drainage Systems from $194.00 to $172.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. Robert W. Baird reduced their price objective on Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating for the company in a research note on Monday, November 11th. Stephens restated an "equal weight" rating and set a $135.00 price objective (down previously from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Loop Capital reduced their target price on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, November 11th. Finally, KeyCorp decreased their price target on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $170.29.

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.