Boston Partners Has $2.14 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Boston Partners cut its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 98.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,547 shares of the construction company's stock after selling 1,408,094 shares during the quarter. Boston Partners' holdings in Advanced Drainage Systems were worth $2,144,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WMS. Intech Investment Management LLC bought a new position in Advanced Drainage Systems in the 4th quarter valued at about $564,000. Mirova US LLC increased its stake in shares of Advanced Drainage Systems by 18.5% during the fourth quarter. Mirova US LLC now owns 407,588 shares of the construction company's stock worth $47,117,000 after purchasing an additional 63,625 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in Advanced Drainage Systems by 3.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,071 shares of the construction company's stock worth $1,049,000 after purchasing an additional 282 shares during the last quarter. LBP AM SA lifted its holdings in Advanced Drainage Systems by 1.4% during the 4th quarter. LBP AM SA now owns 58,432 shares of the construction company's stock worth $6,755,000 after purchasing an additional 827 shares during the last quarter. Finally, PGGM Investments grew its holdings in Advanced Drainage Systems by 84.2% in the 4th quarter. PGGM Investments now owns 150,261 shares of the construction company's stock valued at $17,370,000 after buying an additional 68,671 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

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Analyst Ratings Changes

A number of research firms recently commented on WMS. UBS Group raised 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 research report on Wednesday, January 8th. Loop Capital dropped their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, February 7th. Stephens reissued an "equal weight" rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 7th. StockNews.com raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, Barclays cut their target price on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $164.25.

Advanced Drainage Systems Price Performance

Shares of WMS stock traded up $0.06 on Tuesday, hitting $111.15. 381,133 shares of the company's stock were exchanged, compared to its average volume of 541,487. Advanced Drainage Systems, Inc. has a 12 month low of $101.90 and a 12 month high of $184.27. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. The company has a 50 day moving average of $117.76 and a 200 day moving average of $130.82. The stock has a market cap of $8.62 billion, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its earnings results on Thursday, February 6th. The construction company reported $1.09 EPS 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%. On average, equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued 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 dividend payout ratio (DPR) is presently 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.