Advanced Drainage Systems, Inc. (NYSE:WMS) Holdings Cut by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 69.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,450 shares of the construction company's stock after selling 12,448 shares during the quarter. Teacher Retirement System of Texas' holdings in Advanced Drainage Systems were worth $630,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WMS. Bank of Montreal Can grew its position in Advanced Drainage Systems by 20.3% in the 3rd quarter. Bank of Montreal Can now owns 74,568 shares of the construction company's stock valued at $11,953,000 after buying an additional 12,559 shares in the last quarter. FMR LLC lifted its stake in shares of Advanced Drainage Systems by 50.8% in the 3rd quarter. FMR LLC now owns 54,341 shares of the construction company's stock worth $8,540,000 after acquiring an additional 18,313 shares during the period. Quantbot Technologies LP bought a new position in shares of Advanced Drainage Systems in the third quarter valued at approximately $1,263,000. Townsquare Capital LLC increased its stake in shares of Advanced Drainage Systems by 5.1% during the third quarter. Townsquare Capital LLC now owns 5,213 shares of the construction company's stock valued at $819,000 after acquiring an additional 255 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in Advanced Drainage Systems by 1.7% during the third quarter. MetLife Investment Management LLC now owns 37,662 shares of the construction company's stock worth $5,919,000 after purchasing an additional 646 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

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Analyst Upgrades and Downgrades

WMS has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Advanced Drainage Systems in a research report on Tuesday. They set a "buy" rating and a $134.00 price target on the stock. StockNews.com lowered Advanced Drainage Systems from a "hold" rating to a "sell" rating in a report on Tuesday. UBS Group raised shares of 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. Barclays lowered their price objective on shares of 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. Finally, Loop Capital dropped their target price on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Advanced Drainage Systems currently has an average rating of "Moderate Buy" and a consensus price target of $160.89.

Advanced Drainage Systems Trading Down 6.2 %

Shares of WMS stock traded down $6.84 during trading hours on Thursday, reaching $103.15. 1,052,783 shares of the stock traded hands, compared to its average volume of 562,557. 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 capitalization of $8.00 billion, a PE ratio of 17.25, a PEG ratio of 1.13 and a beta of 1.61. Advanced Drainage Systems, Inc. has a 1-year low of $101.59 and a 1-year high of $184.27. The business has a fifty day moving average price of $115.51 and a 200 day moving average price of $129.32.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. On average, equities research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.62%. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 10.70%.

Advanced Drainage Systems 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.