JPMorgan Chase & Co. Has $31.59 Million Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

JPMorgan Chase & Co. lifted its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 273,248 shares of the construction company's stock after buying an additional 22,798 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.35% of Advanced Drainage Systems worth $31,587,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC lifted its holdings in Advanced Drainage Systems by 50.8% in the third quarter. FMR LLC now owns 54,341 shares of the construction company's stock worth $8,540,000 after acquiring an additional 18,313 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of Advanced Drainage Systems during the 3rd quarter worth approximately $259,000. State Street Corp lifted its holdings in shares of Advanced Drainage Systems by 8.8% in the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company's stock worth $399,452,000 after purchasing an additional 206,105 shares during the last quarter. Zacks Investment Management acquired a new position in Advanced Drainage Systems during the 3rd quarter valued at approximately $2,694,000. Finally, MML Investors Services LLC grew its stake 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 buying an additional 226 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WMS. Stephens reiterated an "equal weight" rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a research note on Friday, February 7th. StockNews.com lowered shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. Barclays dropped their price target on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating on the stock in a research note on Tuesday. Loop Capital reduced their price objective on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a research 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 target price on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $153.78.

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Advanced Drainage Systems Price Performance

Shares of NYSE:WMS traded up $1.91 during trading hours on Friday, hitting $105.31. 678,762 shares of the company's stock traded hands, compared to its average volume of 574,796. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The company's fifty day simple moving average is $112.30 and its two-hundred day simple moving average is $126.58. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $184.27. The company has a market cap of $8.17 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued 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, equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is 10.70%.

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.