Cerity Partners LLC Raises Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Cerity Partners LLC lifted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 10.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,402 shares of the construction company's stock after buying an additional 2,970 shares during the period. Cerity Partners LLC's holdings in Advanced Drainage Systems were worth $3,977,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Advanced Drainage Systems in the fourth quarter worth $86,185,000. Impax Asset Management Group plc grew its position in shares of Advanced Drainage Systems by 34.6% in the 4th quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company's stock valued at $291,723,000 after buying an additional 650,052 shares during the last quarter. Amundi increased its stake in shares of Advanced Drainage Systems by 72.2% in the fourth quarter. Amundi now owns 854,764 shares of the construction company's stock valued at $98,678,000 after buying an additional 358,271 shares during the period. KBC Group NV raised its position in shares of Advanced Drainage Systems by 21.2% during the fourth quarter. KBC Group NV now owns 738,749 shares of the construction company's stock worth $85,399,000 after acquiring an additional 129,252 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Advanced Drainage Systems by 32.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 359,111 shares of the construction company's stock worth $41,513,000 after acquiring an additional 87,297 shares during the period. Institutional investors own 89.83% of the company's stock.

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Advanced Drainage Systems Stock Down 0.8 %

Shares of WMS traded down $0.81 on Tuesday, reaching $104.88. The company's stock had a trading volume of 349,187 shares, compared to its average volume of 575,289. The stock has a market capitalization of $8.14 billion, a PE ratio of 17.54, a PEG ratio of 1.13 and a beta of 1.48. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $184.27. The firm has a fifty day moving average of $111.83 and a 200-day moving average of $125.84.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Equities analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.61%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 10.70%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research report on Tuesday, April 1st. Stephens reiterated an "equal weight" rating and set a $135.00 price target on shares of Advanced Drainage Systems 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. KeyCorp cut their target price on Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $153.78.

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.