Baillie Gifford & Co. Sells 369,768 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Baillie Gifford & Co. decreased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,669,125 shares of the construction company's stock after selling 369,768 shares during the quarter. Baillie Gifford & Co. owned approximately 3.44% of Advanced Drainage Systems worth $308,551,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMS. Huntington National Bank increased its stake in shares of Advanced Drainage Systems by 123.1% in the third quarter. Huntington National Bank now owns 386 shares of the construction company's stock valued at $61,000 after purchasing an additional 213 shares during the period. Millburn Ridgefield Corp increased its stake in shares of Advanced Drainage Systems by 642.4% in the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock valued at $77,000 after purchasing an additional 424 shares during the period. CWM LLC increased its stake in shares of Advanced Drainage Systems by 18.1% in the third quarter. CWM LLC now owns 555 shares of the construction company's stock valued at $87,000 after purchasing an additional 85 shares during the period. UMB Bank n.a. increased its stake in shares of Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after purchasing an additional 88 shares during the period. Finally, Spire Wealth Management acquired a new stake in shares of Advanced Drainage Systems in the fourth quarter valued at approximately $94,000. Institutional investors and hedge funds own 89.83% of the company's stock.

Advanced Drainage Systems Stock Down 2.7 %

WMS stock traded down $3.32 during midday trading on Thursday, reaching $117.73. The company had a trading volume of 868,239 shares, compared to its average volume of 650,822. Advanced Drainage Systems, Inc. has a 1 year low of $110.75 and a 1 year high of $184.27. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $9.13 billion, a P/E ratio of 19.69, a PEG ratio of 1.22 and a beta of 1.52. The company has a 50 day moving average of $120.46 and a two-hundred day moving average of $137.64.

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%. On average, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.16 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.54%. Advanced Drainage Systems's dividend payout ratio is 10.70%.

Analyst Ratings Changes

WMS has been the topic of several analyst reports. Loop Capital dropped their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Oppenheimer decreased their price objective on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating for the company in a report on Monday, November 11th. StockNews.com cut shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a report on Friday, February 14th. Stephens reiterated an "equal weight" rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a report on Friday, February 7th. Finally, UBS Group upgraded shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price objective for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $164.25.

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.