16,100 Shares in Advanced Drainage Systems, Inc. (NYSE:WMS) Bought by ING Groep NV

ING Groep NV acquired a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,100 shares of the construction company's stock, valued at approximately $1,861,000.

Other large investors also recently bought and sold shares of the company. Huntington National Bank boosted its holdings in shares of Advanced Drainage Systems by 123.1% during the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company's stock valued at $61,000 after acquiring an additional 213 shares during the last quarter. Millburn Ridgefield Corp lifted its position in Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock valued at $77,000 after purchasing an additional 424 shares during the period. CWM LLC boosted its holdings in Advanced Drainage Systems by 18.1% in the third quarter. CWM LLC now owns 555 shares of the construction company's stock worth $87,000 after purchasing an additional 85 shares during the last quarter. UMB Bank n.a. boosted its holdings in Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock worth $90,000 after purchasing an additional 88 shares during the last quarter. Finally, Spire Wealth Management bought a new stake in Advanced Drainage Systems in the 4th quarter worth approximately $94,000. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Stock Performance

Advanced Drainage Systems stock traded down $2.04 during midday trading on Thursday, hitting $111.85. The stock had a trading volume of 391,504 shares, compared to its average volume of 625,087. Advanced Drainage Systems, Inc. has a 52-week low of $110.75 and a 52-week high of $184.27. The company has a market capitalization of $8.68 billion, a PE ratio of 18.70, a P/E/G ratio of 1.13 and a beta of 1.52. The firm's fifty day moving average is $119.64 and its two-hundred day moving average is $136.44. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93.

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

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.57%. Advanced Drainage Systems's payout ratio is 10.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WMS shares. UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target on the stock in a research note on Wednesday, January 8th. Stephens reissued an "equal weight" rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Oppenheimer cut their price target on Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating for the company in a research note on Monday, November 11th. StockNews.com upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, KeyCorp cut their target price on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.