Swedbank AB Purchases 75,455 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Swedbank AB increased its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,384,276 shares of the construction company's stock after buying an additional 75,455 shares during the period. Swedbank AB owned 1.79% of Advanced Drainage Systems worth $217,553,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its stake in shares of Advanced Drainage Systems by 29.4% in the 1st quarter. GAMMA Investing LLC now owns 273 shares of the construction company's stock valued at $47,000 after buying an additional 62 shares during the period. ORG Partners LLC boosted its stake in Advanced Drainage Systems by 15.6% during the 1st quarter. ORG Partners LLC now owns 490 shares of the construction company's stock valued at $83,000 after purchasing an additional 66 shares during the last quarter. CWM LLC boosted its stake in Advanced Drainage Systems by 18.1% during the 3rd quarter. CWM LLC now owns 555 shares of the construction company's stock valued at $87,000 after purchasing an additional 85 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Advanced Drainage Systems by 10.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the construction company's stock valued at $164,000 after purchasing an additional 95 shares during the last quarter. Finally, West Oak Capital LLC boosted its stake in Advanced Drainage Systems by 133.3% during the 2nd quarter. West Oak Capital LLC now owns 175 shares of the construction company's stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Performance

WMS stock traded down $0.42 during midday trading on Tuesday, reaching $154.94. 346,626 shares of the company's stock traded hands, compared to its average volume of 496,795. The firm has a market capitalization of $12.01 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 1.28 and a beta of 1.53. The company has a 50-day moving average price of $151.45 and a two-hundred day moving average price of $161.15. Advanced Drainage Systems, Inc. has a 52 week low of $102.32 and a 52 week high of $184.27. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.90 and a current ratio of 2.89.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.08. The firm had revenue of $815.34 million for the quarter, compared to the consensus estimate of $828.00 million. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. As a group, equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.95 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.41%. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 9.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WMS shares. Robert W. Baird cut their price target on Advanced Drainage Systems from $200.00 to $187.00 and set an "outperform" rating for the company in a research note on Friday, August 9th. Loop Capital cut their target price on Advanced Drainage Systems from $188.00 to $180.00 and set a "buy" rating on the stock in a research note on Monday, August 12th. StockNews.com downgraded Advanced Drainage Systems from a "buy" rating to a "hold" rating in a research note on Wednesday, July 17th. Barclays cut their target price on Advanced Drainage Systems from $202.00 to $194.00 and set an "overweight" rating on the stock in a research note on Friday, August 9th. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $192.00 price target on shares of Advanced Drainage Systems in a report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $190.14.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.