Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 31.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,812 shares of the construction company's stock after selling 3,981 shares during the period. Commonwealth Equity Services LLC's holdings in Advanced Drainage Systems were worth $1,019,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp grew its position in shares of Advanced Drainage Systems by 8.8% in the third quarter. State Street Corp now owns 2,541,688 shares of the construction company's stock valued at $399,452,000 after purchasing an additional 206,105 shares during the period. Assenagon Asset Management S.A. grew its holdings in Advanced Drainage Systems by 50.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company's stock valued at $11,186,000 after buying an additional 32,418 shares during the period. Zacks Investment Management purchased a new position in shares of Advanced Drainage Systems during the 3rd quarter worth about $2,694,000. KBC Group NV boosted its position in shares of Advanced Drainage Systems by 21.2% in 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, Geode Capital Management LLC grew its holdings in Advanced Drainage Systems by 5.2% in the third quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company's stock valued at $186,578,000 after purchasing an additional 59,158 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

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Analyst Ratings Changes

WMS has been the topic of a number of research analyst reports. Loop Capital decreased their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, February 7th. UBS Group raised Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target for the company in a research report on Wednesday, January 8th. Stephens restated an "equal weight" rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Barclays reduced their price objective on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. Finally, StockNews.com downgraded shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.89.

Advanced Drainage Systems Stock Performance

Shares of WMS stock traded down $2.35 on Friday, hitting $100.82. 957,294 shares of the stock traded hands, compared to its average volume of 566,230. The company's fifty day moving average is $115.03 and its 200 day moving average is $128.85. Advanced Drainage Systems, Inc. has a 1-year low of $95.39 and a 1-year high of $184.27. The company has a market capitalization of $7.82 billion, a PE ratio of 16.86, a PEG ratio of 1.13 and a beta of 1.48. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share 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 earnings per share 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 given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's payout ratio is 10.70%.

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.