Advanced Drainage Systems, Inc. (NYSE:WMS) Stock Holdings Decreased by Baillie Gifford & Co.

Baillie Gifford & Co. cut its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,038,893 shares of the construction company's stock after selling 86,049 shares during the period. Baillie Gifford & Co. owned approximately 3.92% of Advanced Drainage Systems worth $477,592,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. CWM LLC grew its position 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 last quarter. Nisa Investment Advisors LLC grew its position in shares of Advanced Drainage Systems by 10.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the construction company's stock valued at $164,000 after purchasing an additional 95 shares during the last quarter. West Oak Capital LLC grew its position in shares of Advanced Drainage Systems by 133.3% in the second quarter. West Oak Capital LLC now owns 175 shares of the construction company's stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Advanced Drainage Systems by 319.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company's stock valued at $26,000 after purchasing an additional 115 shares during the last quarter. Finally, UMB Bank n.a. grew its position 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 valued at $109,000 after purchasing an additional 118 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Performance

Shares of NYSE WMS traded down $5.87 during midday trading on Tuesday, hitting $129.96. The company's stock had a trading volume of 428,755 shares, compared to its average volume of 497,142. Advanced Drainage Systems, Inc. has a 1-year low of $112.11 and a 1-year high of $184.27. The firm's fifty day moving average price is $151.20 and its 200-day moving average price is $159.57. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.90 and a current ratio of 2.89. The firm has a market cap of $10.07 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.15 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its earnings results 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). Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. The firm had revenue of $782.60 million for the quarter, compared to analyst estimates of $819.41 million. During the same period in the previous year, the firm earned $1.71 earnings per share. The company's revenue for the quarter was up .3% on a year-over-year basis. On average, sell-side analysts forecast that Advanced Drainage Systems, Inc. will post 6.95 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on WMS. Oppenheimer decreased their target price on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a research report on Monday. Robert W. Baird decreased their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating on the stock in a report on Monday. Loop Capital decreased their price target on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating on the stock in a report on Monday. KeyCorp cut their target price on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a research note on Monday. Finally, Barclays dropped their price target 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.57.

About Advanced Drainage Systems

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.