HM Payson & Co. Sells 2,800 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

HM Payson & Co. reduced its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 44.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,485 shares of the construction company's stock after selling 2,800 shares during the period. HM Payson & Co.'s holdings in Advanced Drainage Systems were worth $403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. CIBC Asset Management Inc boosted its stake in Advanced Drainage Systems by 3.6% in the third quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company's stock valued at $357,000 after acquiring an additional 79 shares during the period. UMB Bank n.a. boosted its position in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock worth $90,000 after buying an additional 88 shares during the period. Blue Trust Inc. boosted its position in shares of Advanced Drainage Systems by 12.0% during the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock worth $116,000 after buying an additional 108 shares during the period. Fifth Third Wealth Advisors LLC boosted 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 buying an additional 111 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Advanced Drainage Systems by 7.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company's stock worth $231,000 after buying an additional 125 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. 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 report on Monday, November 11th. KeyCorp reduced their price objective 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. Stephens reiterated an "equal weight" rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a research report on Friday, February 7th. 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 report on Wednesday, January 8th. Finally, StockNews.com raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $164.25.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS traded down $0.83 during trading on Monday, hitting $114.04. The company had a trading volume of 1,081,650 shares, compared to its average volume of 536,225. The company has a market cap of $8.85 billion, a P/E ratio of 19.07, a PEG ratio of 1.13 and a beta of 1.61. Advanced Drainage Systems, Inc. has a 52 week low of $101.90 and a 52 week high of $184.27. The business's 50-day moving average is $118.99 and its 200 day moving average is $134.20. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21.

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 (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

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 issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is currently 10.70%.

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.