Skandinaviska Enskilda Banken AB publ Decreases Stake in Advanced Drainage Systems, Inc. (NYSE:WMS)

Skandinaviska Enskilda Banken AB publ lessened its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 49.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,862 shares of the construction company's stock after selling 22,709 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Advanced Drainage Systems were worth $2,625,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WMS. Impax Asset Management Group plc boosted its stake in Advanced Drainage Systems by 34.6% during the 4th quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company's stock valued at $291,723,000 after purchasing an additional 650,052 shares during the last quarter. Amundi boosted its stake in Advanced Drainage Systems by 72.2% during the 4th quarter. Amundi now owns 854,764 shares of the construction company's stock valued at $98,678,000 after purchasing an additional 358,271 shares during the last quarter. State Street Corp boosted its stake in 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 valued at $399,452,000 after purchasing an additional 206,105 shares during the last quarter. Fernbridge Capital Management LP boosted its stake in Advanced Drainage Systems by 108.2% during the 3rd quarter. Fernbridge Capital Management LP now owns 253,549 shares of the construction company's stock valued at $39,848,000 after purchasing an additional 131,781 shares during the last quarter. Finally, KBC Group NV boosted its stake in Advanced Drainage Systems by 21.2% during the 4th quarter. KBC Group NV now owns 738,749 shares of the construction company's stock valued at $85,399,000 after purchasing an additional 129,252 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several brokerages have commented on WMS. Barclays cut their target price on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. StockNews.com upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Stephens restated an "equal weight" rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target on the stock in a research note on Wednesday, January 8th. Finally, Loop Capital dropped their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Advanced Drainage Systems has an average rating of "Moderate Buy" and an average price target of $164.25.

Advanced Drainage Systems Stock Performance

NYSE:WMS traded down $2.24 during mid-day trading on Thursday, hitting $109.66. 511,668 shares of the company traded hands, compared to its average volume of 537,408. The stock's fifty day moving average price is $118.20 and its 200-day moving average price is $131.93. Advanced Drainage Systems, Inc. has a one year low of $101.90 and a one 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 firm has a market cap of $8.51 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released 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%. Research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.58%. Advanced Drainage Systems's payout ratio is 10.70%.

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.