Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Algert Global LLC

Algert Global LLC decreased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 40.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,785 shares of the construction company's stock after selling 24,659 shares during the period. Algert Global LLC's holdings in Advanced Drainage Systems were worth $5,624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMS. Cerity Partners LLC lifted its position in Advanced Drainage Systems by 4.3% in the 3rd quarter. Cerity Partners LLC now owns 28,432 shares of the construction company's stock valued at $4,468,000 after acquiring an additional 1,160 shares in the last quarter. Nicolet Advisory Services LLC grew its position in Advanced Drainage Systems by 5.7% in the third quarter. Nicolet Advisory Services LLC now owns 3,867 shares of the construction company's stock worth $599,000 after acquiring an additional 210 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Advanced Drainage Systems by 15.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 562,052 shares of the construction company's stock worth $88,332,000 after acquiring an additional 75,008 shares in the last quarter. L & S Advisors Inc bought a new stake in Advanced Drainage Systems in the third quarter worth about $2,177,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Advanced Drainage Systems by 217.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 79,646 shares of the construction company's stock worth $12,517,000 after purchasing an additional 54,518 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Price Performance

WMS stock traded up $3.44 during trading on Friday, reaching $131.85. 445,484 shares of the company were exchanged, compared to its average volume of 672,401. The company has a market cap of $10.22 billion, a P/E ratio of 21.00, a PEG ratio of 1.19 and a beta of 1.53. Advanced Drainage Systems, Inc. has a 52-week low of $117.97 and a 52-week high of $184.27. The stock's 50 day moving average price is $148.95 and its 200 day moving average price is $157.56. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.23). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The firm had revenue of $782.60 million for the quarter, compared to analysts' expectations of $819.41 million. During the same period in the previous year, the company posted $1.71 EPS. The business's quarterly revenue was up .3% on a year-over-year basis. As a group, analysts predict that Advanced Drainage Systems, Inc. will post 6.5 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Monday, December 2nd. Advanced Drainage Systems's payout ratio is 10.19%.

Analyst Ratings Changes

WMS has been the topic of several research reports. KeyCorp cut their price objective on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. Oppenheimer cut their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a research report on Monday, November 11th. Robert W. Baird cut their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating on the stock in a research report on Monday, November 11th. Barclays lowered their target price on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. Finally, Loop Capital lowered their target price on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating on the stock in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $170.29.

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.