Daiwa Securities Group Inc. Has $1.10 Million Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Daiwa Securities Group Inc. cut its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 47.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,530 shares of the construction company's stock after selling 8,500 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Advanced Drainage Systems were worth $1,102,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in WMS. CIBC Asset Management Inc grew its stake in shares of Advanced Drainage Systems by 3.6% in the third 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 in the last quarter. UMB Bank n.a. lifted its stake in Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after acquiring an additional 88 shares in the last quarter. Blue Trust Inc. boosted its stake in Advanced Drainage Systems by 12.0% in the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock valued at $116,000 after acquiring an additional 108 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Advanced Drainage Systems by 4.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company's stock worth $379,000 after acquiring an additional 111 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Advanced Drainage Systems by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company's stock worth $231,000 after purchasing an additional 125 shares during the period. Institutional investors own 89.83% of the company's stock.

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Advanced Drainage Systems Stock Up 1.9 %

NYSE WMS traded up $2.09 on Wednesday, hitting $111.98. 327,927 shares of the stock traded hands, compared to its average volume of 637,016. Advanced Drainage Systems, Inc. has a twelve month low of $101.90 and a twelve month high of $184.27. 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 stock has a 50-day moving average of $118.26 and a 200 day moving average of $132.07. The company has a market capitalization of $8.69 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61.

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

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.16 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.57%. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 10.70%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WMS. UBS Group raised Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price on the stock in a research note on Wednesday, January 8th. Barclays decreased their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. Loop Capital lowered 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 report on Friday, February 7th. Stephens restated an "equal weight" rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a report on Friday, February 7th. Finally, StockNews.com raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.