Blueshift Asset Management LLC Purchases 2,786 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Blueshift Asset Management LLC boosted its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 127.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,976 shares of the construction company's stock after acquiring an additional 2,786 shares during the period. Blueshift Asset Management LLC's holdings in Advanced Drainage Systems were worth $575,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Advanced Drainage Systems by 8.8% in the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company's stock worth $399,452,000 after purchasing an additional 206,105 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings 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 worth $11,186,000 after buying an additional 32,418 shares during the last quarter. Zacks Investment Management acquired a new position in Advanced Drainage Systems during the third quarter worth $2,694,000. Advantage Alpha Capital Partners LP bought a new position in shares of Advanced Drainage Systems in the third quarter valued at $8,540,000. Finally, Swedbank AB grew its holdings in shares of Advanced Drainage Systems by 5.8% during the third quarter. Swedbank AB now owns 1,384,276 shares of the construction company's stock valued at $217,553,000 after buying an additional 75,455 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

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Advanced Drainage Systems Stock Performance

NYSE:WMS traded up $0.06 during trading on Tuesday, reaching $111.15. The company's stock had a trading volume of 381,133 shares, compared to its average volume of 541,088. Advanced Drainage Systems, Inc. has a 12 month low of $101.90 and a 12 month high of $184.27. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The firm has a 50 day moving average of $117.92 and a 200-day moving average of $131.03. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS 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. Stockholders of record on Friday, February 28th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.58%. Advanced Drainage Systems's payout ratio is currently 10.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WMS shares. StockNews.com upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price on the stock in a report on Wednesday, January 8th. Barclays decreased their price target on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating for the company in a report on Friday, February 7th. Loop Capital dropped their price objective on 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. Finally, Stephens reiterated an "equal weight" rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Advanced Drainage Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $164.25.

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.