Advanced Drainage Systems, Inc. (NYSE:WMS) Position Cut by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc reduced its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224,119 shares of the construction company's stock after selling 9,087 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned 0.29% of Advanced Drainage Systems worth $35,211,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Swedbank AB purchased a new position in Advanced Drainage Systems in the first quarter valued at approximately $220,853,000. Vanguard Group Inc. raised its holdings in Advanced Drainage Systems by 5.8% in the first quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company's stock valued at $1,251,353,000 after buying an additional 395,099 shares during the period. Boston Partners raised its holdings in Advanced Drainage Systems by 16.9% in the first quarter. Boston Partners now owns 1,519,118 shares of the construction company's stock valued at $261,609,000 after buying an additional 219,629 shares during the period. Millennium Management LLC raised its holdings in Advanced Drainage Systems by 136.2% in the second quarter. Millennium Management LLC now owns 312,393 shares of the construction company's stock valued at $50,105,000 after buying an additional 180,154 shares during the period. Finally, Lazard Freres Gestion S.A.S. purchased a new position in Advanced Drainage Systems in the second quarter valued at approximately $28,870,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Performance

Advanced Drainage Systems stock traded down $22.84 during mid-day trading on Friday, reaching $136.16. The company's stock had a trading volume of 2,277,675 shares, compared to its average volume of 493,406. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.38 and a beta of 1.53. The business has a 50 day moving average price of $151.62 and a 200-day moving average price of $159.76. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 1.04. Advanced Drainage Systems, Inc. has a twelve month low of $110.38 and a twelve month high of $184.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $1.93 by ($0.23). The business had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. The business's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.71 EPS. Sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.95 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, December 2nd. Advanced Drainage Systems's payout ratio is 10.13%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WMS shares. Barclays dropped their price objective on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an "overweight" rating on the stock in a research note on Friday, August 9th. Oppenheimer reiterated an "outperform" rating and set a $192.00 price objective on shares of Advanced Drainage Systems in a research note on Thursday, August 15th. StockNews.com downgraded shares of Advanced Drainage Systems from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Robert W. Baird decreased their price target on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an "outperform" rating for the company in a research report on Friday, August 9th. Finally, Loop Capital decreased their price target on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $190.14.

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.