Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Bought by FIL Ltd

FIL Ltd increased its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 31.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 359,955 shares of the construction company's stock after purchasing an additional 86,452 shares during the period. FIL Ltd owned 0.46% of Advanced Drainage Systems worth $41,611,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. FMR LLC grew its holdings in shares of Advanced Drainage Systems by 50.8% during the third quarter. FMR LLC now owns 54,341 shares of the construction company's stock valued at $8,540,000 after buying an additional 18,313 shares during the last quarter. MML Investors Services LLC lifted its position in Advanced Drainage Systems by 9.5% during the 3rd quarter. MML Investors Services LLC now owns 2,607 shares of the construction company's stock worth $410,000 after acquiring an additional 226 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in Advanced Drainage Systems by 4.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 20,249 shares of the construction company's stock worth $3,182,000 after acquiring an additional 819 shares during the period. Public Employees Retirement System of Ohio grew its stake in Advanced Drainage Systems by 1.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 38,672 shares of the construction company's stock valued at $6,078,000 after purchasing an additional 558 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of 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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Advanced Drainage Systems Price Performance

Shares of WMS stock traded down $0.81 during mid-day trading on Tuesday, hitting $104.88. 189,002 shares of the stock were exchanged, compared to its average volume of 574,531. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week high of $184.27. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The company has a market cap of $8.14 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. The firm has a fifty day moving average of $112.08 and a 200 day moving average of $125.99.

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 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%. Research 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 issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems's payout ratio is presently 10.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WMS shares. Deutsche Bank Aktiengesellschaft started coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They issued a "buy" rating and a $134.00 target price on the stock. KeyCorp dropped their price objective on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. StockNews.com cut shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a report on Tuesday, April 1st. Loop Capital lowered 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. Finally, UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price objective for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Advanced Drainage Systems presently has a consensus rating of "Moderate Buy" and an average target price of $153.78.

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.