Natixis Advisors LLC Decreases Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Natixis Advisors LLC trimmed its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 14.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,658 shares of the construction company's stock after selling 3,053 shares during the period. Natixis Advisors LLC's holdings in Advanced Drainage Systems were worth $2,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. LBP AM SA boosted its position in Advanced Drainage Systems by 1.4% during the fourth quarter. LBP AM SA now owns 58,432 shares of the construction company's stock valued at $6,755,000 after purchasing an additional 827 shares in the last quarter. PGGM Investments raised its stake in shares of Advanced Drainage Systems by 84.2% during the 4th quarter. PGGM Investments now owns 150,261 shares of the construction company's stock worth $17,370,000 after buying an additional 68,671 shares during the period. Vestcor Inc acquired a new stake in shares of Advanced Drainage Systems in the fourth quarter valued at about $247,000. Swiss National Bank lifted its holdings in Advanced Drainage Systems by 6.3% in the 4th quarter. Swiss National Bank now owns 144,900 shares of the construction company's stock valued at $16,750,000 after purchasing an additional 8,600 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its position in shares of Advanced Drainage Systems by 22.4% during the 4th quarter. Jupiter Asset Management Ltd. now owns 179,585 shares of the construction company's stock valued at $20,760,000 after acquiring an additional 32,810 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Stephens reaffirmed an "equal weight" rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a report on Friday, February 7th. Loop Capital lowered their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. 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 report on Wednesday, January 8th. Finally, Barclays dropped their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of "Moderate Buy" and an average price target of $164.25.

Advanced Drainage Systems Stock Down 0.4 %

NYSE WMS traded down $0.46 during trading hours on Tuesday, hitting $110.63. 152,614 shares of the company traded hands, compared to its average volume of 651,923. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 1.13 and a beta of 1.61. The business's 50-day moving average is $117.92 and its 200-day moving average is $131.03. Advanced Drainage Systems, Inc. has a twelve month low of $101.90 and a twelve month high of $184.27. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21.

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

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 10.70%.

About Advanced Drainage Systems

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.