Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 7.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 439,771 shares of the construction company's stock after selling 37,445 shares during the period. Corient Private Wealth LLC owned 0.57% of Advanced Drainage Systems worth $50,838,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WMS. Huntington National Bank increased its position in Advanced Drainage Systems by 123.1% during the third quarter. Huntington National Bank now owns 386 shares of the construction company's stock worth $61,000 after purchasing an additional 213 shares during the last quarter. Millburn Ridgefield Corp increased its holdings in shares of Advanced Drainage Systems by 642.4% during the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock worth $77,000 after buying an additional 424 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock worth $90,000 after buying an additional 88 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Advanced Drainage Systems in the 4th quarter worth $94,000. Finally, First Horizon Advisors Inc. boosted its holdings in Advanced Drainage Systems by 18.3% in the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock valued at $102,000 after acquiring an additional 137 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

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Advanced Drainage Systems Stock Down 1.2 %

WMS stock traded down $1.33 during trading on Friday, reaching $108.33. The stock had a trading volume of 1,844,493 shares, compared to its average volume of 542,826. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The firm has a fifty day moving average price of $118.09 and a 200 day moving average price of $131.78. The company has a market capitalization of $8.40 billion, a P/E ratio of 18.12, a PEG ratio of 1.13 and a beta of 1.61. Advanced Drainage Systems, Inc. has a 1-year low of $101.90 and a 1-year high of $184.27.

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

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.16 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.59%. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 10.70%.

Wall Street Analysts Forecast Growth

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

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.