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Assenagon Asset Management S.A. Increases Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Advanced Drainage Systems logo with Construction background

Assenagon Asset Management S.A. lifted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 50.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 96,764 shares of the construction company's stock after buying an additional 32,418 shares during the period. Assenagon Asset Management S.A. owned about 0.12% of Advanced Drainage Systems worth $11,186,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Huntington National Bank boosted its position in Advanced Drainage Systems by 123.1% during the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company's stock worth $61,000 after buying an additional 213 shares during the period. Millburn Ridgefield Corp raised its stake in shares of Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock valued at $77,000 after acquiring an additional 424 shares during the last quarter. CWM LLC lifted its holdings in shares of Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company's stock worth $87,000 after purchasing an additional 85 shares during the period. UMB Bank n.a. grew its stake in shares of Advanced Drainage Systems by 20.5% in the third quarter. UMB Bank n.a. now owns 693 shares of the construction company's stock worth $109,000 after purchasing an additional 118 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Advanced Drainage Systems by 418.5% in the third quarter. Blue Trust Inc. now owns 897 shares of the construction company's stock valued at $144,000 after purchasing an additional 724 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Trading Up 1.4 %

Shares of WMS traded up $1.70 during mid-day trading on Friday, reaching $125.66. The company's stock had a trading volume of 1,115,962 shares, compared to its average volume of 531,113. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. Advanced Drainage Systems, Inc. has a 52 week low of $110.75 and a 52 week high of $184.27. The company's fifty day moving average price is $124.18 and its two-hundred day moving average price is $144.40. The stock has a market cap of $9.74 billion, a PE ratio of 20.01, a P/E/G ratio of 1.08 and a beta of 1.51.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.93 by ($0.23). The firm had revenue of $782.60 million during the quarter, compared to analysts' expectations of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. Advanced Drainage Systems's revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.71 EPS. On average, analysts predict that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, December 2nd. Advanced Drainage Systems's dividend payout ratio is presently 10.19%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WMS shares. Stephens restated an "equal weight" rating and set a $135.00 price objective (down from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Barclays lowered their price target on shares of Advanced Drainage Systems from $172.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday. UBS Group raised shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price objective on the stock in a research note on Wednesday, January 8th. Oppenheimer lowered their target price on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating for the company in a research note on Monday, November 11th. Finally, KeyCorp cut their price target on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $166.88.

View Our Latest Stock Analysis on WMS

Advanced Drainage Systems Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Drainage Systems (NYSE:WMS)

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