BNP Paribas Financial Markets Sells 26,814 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

BNP Paribas Financial Markets reduced its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 36.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,014 shares of the construction company's stock after selling 26,814 shares during the period. BNP Paribas Financial Markets owned 0.06% of Advanced Drainage Systems worth $7,389,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. West Oak Capital LLC boosted its holdings in 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 acquiring an additional 100 shares during the last quarter. Blue Trust Inc. boosted its holdings in Advanced Drainage Systems by 1,472.7% in the 2nd quarter. Blue Trust Inc. now owns 173 shares of the construction company's stock worth $30,000 after acquiring an additional 162 shares during the period. National Bank of Canada FI acquired a new position in shares of Advanced Drainage Systems during the second quarter worth $45,000. Huntington National Bank boosted 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. Finally, GAMMA Investing LLC grew its holdings in Advanced Drainage Systems by 65.2% during the 2nd quarter. GAMMA Investing LLC now owns 451 shares of the construction company's stock valued at $72,000 after purchasing an additional 178 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Performance

Advanced Drainage Systems stock traded up $0.92 during trading hours on Tuesday, reaching $134.92. 476,035 shares of the company were exchanged, compared to its average volume of 507,266. The stock has a 50-day moving average of $146.80 and a 200 day moving average of $155.82. 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 12 month low of $122.61 and a 12 month high of $184.27. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 1.22 and a beta of 1.48.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $1.93 by ($0.23). The business had revenue of $782.60 million for the quarter, compared to the consensus estimate of $819.41 million. Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The firm's revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.71 EPS. As a group, research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.5 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.47%. Advanced Drainage Systems's dividend payout ratio is 10.19%.

Analyst Ratings Changes

WMS has been the topic of several research reports. Oppenheimer dropped their price target on Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a research report on Monday, November 11th. Stephens reaffirmed an "equal weight" rating and set a $135.00 price target (down previously from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. KeyCorp decreased their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. Loop Capital reduced their price target on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating for the company in a research note on Monday, November 11th. Finally, Barclays reduced their price objective on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $170.29.

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.