Amundi Buys 358,271 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Amundi increased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 72.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 854,764 shares of the construction company's stock after buying an additional 358,271 shares during the quarter. Amundi owned 1.10% of Advanced Drainage Systems worth $98,678,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. State Street Corp grew its stake 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 valued at $399,452,000 after acquiring an additional 206,105 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Advanced Drainage Systems by 50.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company's stock valued at $11,186,000 after purchasing an additional 32,418 shares in the last quarter. Zacks Investment Management acquired a new position in Advanced Drainage Systems in the 3rd quarter valued at approximately $2,694,000. Advantage Alpha Capital Partners LP acquired a new position in Advanced Drainage Systems in the 3rd quarter valued at approximately $8,540,000. Finally, Swedbank AB lifted its position in Advanced Drainage Systems by 5.8% in the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company's stock worth $217,553,000 after buying an additional 75,455 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research firms have recently commented on WMS. Barclays dropped their price target 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. StockNews.com raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Stephens reissued an "equal weight" rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research note 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. Finally, Loop Capital reduced their target price on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $164.25.

Advanced Drainage Systems Stock Performance

WMS stock traded down $4.50 during midday trading on Thursday, hitting $105.19. 611,734 shares of the company traded hands, compared to its average volume of 539,535. Advanced Drainage Systems, Inc. has a twelve month low of $101.90 and a twelve month high of $184.27. The stock has a market capitalization of $8.16 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. 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 business has a 50 day simple moving average of $118.75 and a 200-day simple moving average of $133.65.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted 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%. As a group, equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.61%. Advanced Drainage Systems's dividend payout ratio is presently 10.70%.

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.