Algebris UK Ltd Acquires New Shares in Advanced Drainage Systems, Inc. (NYSE:WMS)

Algebris UK Ltd purchased a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,312 shares of the construction company's stock, valued at approximately $481,000.

Several other large investors also recently bought and sold shares of WMS. Impax Asset Management Group plc increased its holdings 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 worth $291,723,000 after purchasing an additional 650,052 shares during the period. Amundi increased its holdings in Advanced Drainage Systems by 72.2% during the 4th quarter. Amundi now owns 854,764 shares of the construction company's stock worth $98,678,000 after purchasing an additional 358,271 shares during the period. State Street Corp increased its holdings 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 worth $399,452,000 after purchasing an additional 206,105 shares during the period. Fernbridge Capital Management LP increased its holdings in shares of Advanced Drainage Systems by 108.2% in the 3rd quarter. Fernbridge Capital Management LP now owns 253,549 shares of the construction company's stock valued at $39,848,000 after acquiring an additional 131,781 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of 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 acquiring an additional 129,252 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

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Advanced Drainage Systems Stock Performance

Advanced Drainage Systems stock traded down $1.33 during mid-day trading on Friday, reaching $108.33. 1,844,493 shares of the company were exchanged, compared to its average volume of 540,927. 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 firm's 50-day simple moving average is $118.00 and its two-hundred day simple moving average is $131.24. The firm has a market cap of $8.40 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. Advanced Drainage Systems, Inc. has a twelve month low of $101.90 and a twelve month high of $184.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted 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 net margin of 15.90% and a return on equity of 35.79%. Equities analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.16 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.59%. Advanced Drainage Systems's dividend payout ratio is currently 10.70%.

Wall Street Analyst Weigh In

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

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.