Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,688,544 shares of the construction company's stock after selling 20,652 shares during the period. Invesco Ltd. owned 2.18% of Advanced Drainage Systems worth $195,196,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. raised its stake in Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after purchasing an additional 88 shares during the last quarter. Spire Wealth Management purchased a new position in shares of Advanced Drainage Systems during the fourth quarter valued at approximately $94,000. First Horizon Advisors Inc. boosted its position in Advanced Drainage Systems by 18.3% during the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock worth $102,000 after acquiring an additional 137 shares during the last quarter. Blue Trust Inc. grew its stake in Advanced Drainage Systems by 12.0% in the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock worth $116,000 after acquiring an additional 108 shares during the period. Finally, Headlands Technologies LLC raised its holdings in Advanced Drainage Systems by 1,298.6% in the 4th quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock valued at $118,000 after acquiring an additional 948 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on WMS shares. StockNews.com downgraded Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research report on Tuesday, April 1st. Loop Capital lowered their price target 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. UBS Group raised shares of 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. Barclays decreased their target price on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Stephens reaffirmed an "equal weight" rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $153.78.

Advanced Drainage Systems Trading Down 0.8 %

Shares of Advanced Drainage Systems stock traded down $0.81 during trading hours on Tuesday, hitting $104.88. The company's stock had a trading volume of 349,187 shares, compared to its average volume of 574,532. 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 capitalization of $8.14 billion, a PE ratio of 17.54, a P/E/G ratio of 1.13 and a beta of 1.48. The business has a fifty day moving average of $112.08 and a 200 day moving average of $125.99. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $184.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

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 of this dividend 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 currently 10.70%.

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.