Mawer Investment Management Ltd. Raises Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Mawer Investment Management Ltd. raised its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 14.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,680 shares of the construction company's stock after purchasing an additional 9,673 shares during the quarter. Mawer Investment Management Ltd. owned 0.10% of Advanced Drainage Systems worth $8,864,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WMS. Vanguard Group Inc. lifted its stake in shares of Advanced Drainage Systems by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company's stock valued at $847,610,000 after buying an additional 52,799 shares in the last quarter. State Street Corp raised its holdings in Advanced Drainage Systems by 8.8% during the third quarter. State Street Corp now owns 2,541,688 shares of the construction company's stock valued at $399,452,000 after acquiring an additional 206,105 shares during the period. Impax Asset Management Group plc lifted its position in shares of Advanced Drainage Systems by 34.6% in the fourth quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company's stock valued at $291,723,000 after acquiring an additional 650,052 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Advanced Drainage Systems by 1.2% in the fourth quarter. American Century Companies Inc. now owns 1,402,447 shares of the construction company's stock worth $162,123,000 after acquiring an additional 16,415 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Advanced Drainage Systems by 5.2% during the third quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company's stock worth $186,578,000 after purchasing an additional 59,158 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

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Advanced Drainage Systems Trading Down 5.2 %

NYSE:WMS traded down $5.68 during midday trading on Thursday, hitting $104.31. 375,444 shares of the company traded hands, compared to its average volume of 559,093. The firm has a market capitalization of $8.09 billion, a P/E ratio of 17.44, a P/E/G ratio of 1.13 and a beta of 1.61. The firm's fifty day moving average is $115.98 and its 200-day moving average is $129.51. Advanced Drainage Systems, Inc. has a 12-month low of $101.62 and a 12-month high of $184.27. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share 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%. On average, sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Loop Capital lowered their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, February 7th. UBS Group upgraded shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Advanced Drainage Systems in a research note on Tuesday. They set a "buy" rating and a $134.00 target price for the company. StockNews.com cut shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, Barclays cut their price objective on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating for the company in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Advanced Drainage Systems currently has an average rating of "Moderate Buy" and an average target price of $160.89.

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.