Advisory Services Network LLC Acquires Shares of 3,050 Advanced Drainage Systems, Inc. (NYSE:WMS)

Advisory Services Network LLC bought a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,050 shares of the construction company's stock, valued at approximately $353,000.

Other institutional investors and hedge funds have also modified their holdings of the company. MML Investors Services LLC lifted its holdings in shares of Advanced Drainage Systems by 9.5% during the 3rd quarter. MML Investors Services LLC now owns 2,607 shares of the construction company's stock valued at $410,000 after buying an additional 226 shares during the period. Anchor Investment Management LLC lifted its holdings in Advanced Drainage Systems by 31.8% in the third quarter. Anchor Investment Management LLC now owns 2,011 shares of the construction company's stock valued at $316,000 after acquiring an additional 485 shares during the period. Everence Capital Management Inc. purchased a new position in Advanced Drainage Systems in the fourth quarter worth about $230,000. Nordea Investment Management AB grew its stake in shares of Advanced Drainage Systems by 6.1% during the 4th quarter. Nordea Investment Management AB now owns 73,203 shares of the construction company's stock valued at $8,554,000 after purchasing an additional 4,221 shares during the period. Finally, Northcape Capital Pty Ltd increased its position in shares of Advanced Drainage Systems by 32.1% during the 4th quarter. Northcape Capital Pty Ltd now owns 16,509 shares of the construction company's stock valued at $1,908,000 after purchasing an additional 4,016 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WMS. StockNews.com lowered shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft began coverage on Advanced Drainage Systems in a report on Tuesday, April 1st. They issued a "buy" rating and a $134.00 target price on the stock. Loop Capital cut their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, February 7th. Stephens reaffirmed an "equal weight" rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Finally, Barclays cut their price objective on Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $153.78.

Advanced Drainage Systems Price Performance

WMS traded up $4.14 during trading on Wednesday, reaching $108.86. 95,813 shares of the company traded hands, compared to its average volume of 571,260. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $184.27. The firm has a fifty day simple moving average of $109.74 and a 200 day simple moving average of $124.03. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The company has a market cap of $8.44 billion, a P/E ratio of 18.20, a PEG 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 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. On average, equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio 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.