Massachusetts Financial Services Co. MA Takes $2.87 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Massachusetts Financial Services Co. MA bought a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,836 shares of the construction company's stock, valued at approximately $2,871,000.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. grew 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 acquiring an additional 88 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of Advanced Drainage Systems in the fourth quarter valued at about $94,000. First Horizon Advisors Inc. grew its position in shares of Advanced Drainage Systems by 18.3% in the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock valued at $102,000 after purchasing an additional 137 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock worth $116,000 after purchasing an additional 108 shares in the last quarter. Finally, Headlands Technologies LLC raised its position in shares of Advanced Drainage Systems by 1,298.6% during the 4th quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock worth $118,000 after purchasing an additional 948 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

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Advanced Drainage Systems Trading Up 1.8 %

Shares of NYSE WMS traded up $1.91 during midday trading on Friday, hitting $105.31. The stock had a trading volume of 678,762 shares, compared to its average volume of 574,796. The company has a fifty day moving average price of $112.30 and a 200 day moving average price of $126.58. The company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year 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.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released 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 return on equity of 35.79% and a net margin of 15.90%. On average, analysts predict 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 announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems's payout ratio is 10.70%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated 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 report on Wednesday, January 8th. Barclays dropped their target price on Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday. StockNews.com lowered Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. Finally, KeyCorp dropped their price objective on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Advanced Drainage Systems has a consensus rating of "Moderate Buy" and a consensus target price 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.