Icon Advisers Inc. Co. Has $2.85 Million Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Icon Advisers Inc. Co. reduced its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,652 shares of the construction company's stock after selling 3,345 shares during the quarter. Icon Advisers Inc. Co.'s holdings in Advanced Drainage Systems were worth $2,850,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. boosted its holdings in Advanced Drainage Systems by 50.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company's stock valued at $11,186,000 after acquiring an additional 32,418 shares during the period. KBC Group NV grew its holdings in Advanced Drainage Systems by 21.2% in the 4th quarter. KBC Group NV now owns 738,749 shares of the construction company's stock valued at $85,399,000 after buying an additional 129,252 shares during the last quarter. Geode Capital Management LLC increased its position 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 buying an additional 59,158 shares during the period. Charles Schwab Investment Management Inc. increased its position in Advanced Drainage Systems by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 593,562 shares of the construction company's stock worth $68,616,000 after buying an additional 31,510 shares during the period. Finally, D.B. Root & Company LLC lifted its holdings in shares of Advanced Drainage Systems by 64.9% during the fourth quarter. D.B. Root & Company LLC now owns 5,658 shares of the construction company's stock worth $654,000 after buying an additional 2,227 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Advanced Drainage Systems Price Performance

Advanced Drainage Systems stock traded up $0.82 during mid-day trading on Thursday, hitting $104.44. 377,074 shares of the company were exchanged, compared to its average volume of 573,517. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $184.27. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The business has a fifty day moving average of $111.08 and a 200 day moving average of $125.33. The company has a market capitalization of $8.10 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48.

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 (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%. As a group, sell-side analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is currently 10.70%.

Wall Street Analyst Weigh In

WMS has been the topic of a number of research reports. KeyCorp dropped their target price on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Advanced Drainage Systems in a report on Tuesday, April 1st. They set a "buy" rating and a $134.00 price objective on the stock. Loop Capital reduced 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 note on Friday, February 7th. StockNews.com downgraded Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research report on Tuesday, April 1st. Finally, UBS Group raised Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $153.78.

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.