Brown Brothers Harriman & Co. Has $42.72 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Brown Brothers Harriman & Co. raised its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 33.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 271,814 shares of the construction company's stock after buying an additional 68,390 shares during the period. Brown Brothers Harriman & Co. owned about 0.35% of Advanced Drainage Systems worth $42,718,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc raised its position in shares of Advanced Drainage Systems by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company's stock valued at $357,000 after acquiring an additional 79 shares during the last quarter. CWM LLC grew its stake in shares of Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company's stock worth $87,000 after purchasing an additional 85 shares during the period. Nisa Investment Advisors LLC increased its holdings in 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 lifted its stake 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 buying an additional 100 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in Advanced Drainage Systems by 4.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company's stock worth $379,000 after buying an additional 111 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Stock Up 1.9 %

Shares of NYSE:WMS traded up $2.52 during mid-day trading on Monday, reaching $134.37. 801,133 shares of the stock were exchanged, compared to its average volume of 507,703. The stock's 50 day simple moving average is $148.95 and its 200-day simple moving average is $157.48. Advanced Drainage Systems, Inc. has a one year low of $117.97 and a one year high of $184.27. The company has a market cap of $10.42 billion, a P/E ratio of 21.60, a P/E/G ratio of 1.19 and a beta of 1.53. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings data 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 16.89% and a return on equity of 40.31%. The business had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. During the same quarter last year, the business earned $1.71 earnings per share. Advanced Drainage Systems's revenue for the quarter was up .3% on a year-over-year basis. As a group, equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Monday, December 2nd. Advanced Drainage Systems's payout ratio is 10.19%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on WMS shares. Loop Capital cut 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 research report on Monday, November 11th. Robert W. Baird reduced 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 research report on Monday, November 11th. Oppenheimer decreased their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating for the company in a report on Monday, November 11th. Stephens reaffirmed an "equal weight" rating and set a $135.00 price objective (down previously from $170.00) on shares of Advanced Drainage Systems in a research note on Wednesday, November 13th. Finally, KeyCorp decreased their target price 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock 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.