Bell Asset Management Ltd Has $6.76 Million Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Bell Asset Management Ltd increased its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,475 shares of the construction company's stock after purchasing an additional 5,466 shares during the quarter. Advanced Drainage Systems makes up about 1.2% of Bell Asset Management Ltd's portfolio, making the stock its 25th largest holding. Bell Asset Management Ltd owned about 0.08% of Advanced Drainage Systems worth $6,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Advanced Drainage Systems by 50.8% in the 3rd quarter. FMR LLC now owns 54,341 shares of the construction company's stock valued at $8,540,000 after acquiring an additional 18,313 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in Advanced Drainage Systems in the 3rd quarter worth about $259,000. State Street Corp raised its position in Advanced Drainage Systems by 8.8% in the third quarter. State Street Corp now owns 2,541,688 shares of the construction company's stock valued at $399,452,000 after purchasing an additional 206,105 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Advanced Drainage Systems during the third quarter valued at about $2,694,000. Finally, MML Investors Services LLC grew its holdings in shares of Advanced Drainage Systems by 9.5% during the third quarter. MML Investors Services LLC now owns 2,607 shares of the construction company's stock worth $410,000 after purchasing an additional 226 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WMS shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Advanced Drainage Systems in a report on Tuesday, April 1st. They issued a "buy" rating and a $134.00 price objective for the company. UBS Group upgraded shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target on the stock in a report on Wednesday, January 8th. Stephens restated an "equal weight" rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a report on Friday, February 7th. StockNews.com lowered Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research report on Tuesday, April 1st. Finally, KeyCorp reduced their price target on Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $153.78.

Advanced Drainage Systems Trading Up 1.8 %

Shares of WMS stock traded up $1.91 during mid-day trading on Friday, hitting $105.31. The company's stock had a trading volume of 678,762 shares, compared to its average volume of 574,796. The company has a market cap of $8.17 billion, a PE ratio of 17.61, a P/E/G ratio of 1.13 and a beta of 1.48. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The company's fifty day simple moving average is $112.30 and its 200-day simple moving average is $126.58. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $184.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. As a group, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems's payout ratio is 10.70%.

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.