Federated Hermes Inc. Has $5.05 Million Stake in Advanced Drainage Systems, Inc. (NYSE:WMS)

Federated Hermes Inc. lessened its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 86.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,678 shares of the construction company's stock after selling 286,973 shares during the period. Federated Hermes Inc. owned about 0.06% of Advanced Drainage Systems worth $5,049,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in WMS. MIG Capital LLC grew its holdings in shares of Advanced Drainage Systems by 45.8% during the 4th quarter. MIG Capital LLC now owns 231,817 shares of the construction company's stock worth $26,798,000 after purchasing an additional 72,863 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Advanced Drainage Systems by 127.7% in the fourth quarter. Russell Investments Group Ltd. now owns 141,921 shares of the construction company's stock worth $16,392,000 after purchasing an additional 79,584 shares during the period. Envestnet Asset Management Inc. boosted its stake in Advanced Drainage Systems by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 63,540 shares of the construction company's stock worth $7,345,000 after buying an additional 308 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Advanced Drainage Systems by 30.5% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 313,063 shares of the construction company's stock valued at $36,190,000 after buying an additional 73,100 shares during the period. Finally, Pitcairn Co. raised its stake in shares of Advanced Drainage Systems by 6.0% in the 4th quarter. Pitcairn Co. now owns 7,081 shares of the construction company's stock valued at $819,000 after buying an additional 399 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

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Advanced Drainage Systems Price Performance

Shares of WMS stock traded down $0.81 during trading hours on Tuesday, hitting $104.88. 349,187 shares of the company's stock were exchanged, compared to its average volume of 574,532. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $184.27. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth 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. The stock's 50-day moving average is $112.08 and its 200-day moving average is $125.99.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced 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%. As a group, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed 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 0.61%. Advanced Drainage Systems's payout ratio is 10.70%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Advanced Drainage Systems in a research report on Tuesday, April 1st. They set a "buy" rating and a $134.00 target price on the stock. UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price objective on the stock in a research note on Wednesday, January 8th. Barclays cut their target price on Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. StockNews.com cut Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research report on Tuesday, April 1st. Finally, Loop Capital cut their price objective on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, February 7th. One 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. Based on data from MarketBeat.com, the company currently 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.