Duff & Phelps Investment Management Co. Increases Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Duff & Phelps Investment Management Co. lifted its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,424 shares of the construction company's stock after buying an additional 6,470 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.21% of Advanced Drainage Systems worth $18,429,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Advanced Drainage Systems by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company's stock valued at $847,610,000 after acquiring an additional 52,799 shares during the period. State Street Corp boosted its holdings in 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 acquiring an additional 206,105 shares in the last quarter. Impax Asset Management Group plc boosted its stake in shares of Advanced Drainage Systems by 34.6% during 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 purchasing an additional 650,052 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Advanced Drainage Systems by 1.2% during the 4th quarter. American Century Companies Inc. now owns 1,402,447 shares of the construction company's stock worth $162,123,000 after acquiring an additional 16,415 shares during the period. Finally, Geode Capital Management LLC lifted its position in Advanced Drainage Systems by 5.2% during 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 buying an additional 59,158 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

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Advanced Drainage Systems Stock Performance

Shares of WMS stock traded up $0.08 on Tuesday, reaching $108.73. The stock had a trading volume of 159,264 shares, compared to its average volume of 557,719. The stock has a market cap of $8.43 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. Advanced Drainage Systems, Inc. has a 1 year low of $101.90 and a 1 year high of $184.27. The company has a 50 day simple moving average of $116.61 and a 200 day simple moving average of $129.92.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 35.79% and a net margin of 15.90%. Equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business 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. This represents a $0.64 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems's payout ratio is 10.70%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. UBS Group upgraded shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target for the company in a research note on Wednesday, January 8th. Stephens reiterated an "equal weight" rating and set a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. Loop Capital cut their price target 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. Barclays lowered their price objective on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. Finally, StockNews.com raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $160.89.

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.