Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC increased its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 10.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,286 shares of the construction company's stock after buying an additional 9,127 shares during the quarter. Peregrine Capital Management LLC owned about 0.12% of Advanced Drainage Systems worth $11,131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Kornitzer Capital Management Inc. KS increased its holdings in Advanced Drainage Systems by 56.4% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 150,645 shares of the construction company's stock worth $17,415,000 after buying an additional 54,295 shares during the period. CIBC Asset Management Inc increased its holdings in Advanced Drainage Systems by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,390 shares of the construction company's stock worth $276,000 after buying an additional 119 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in Advanced Drainage Systems by 2.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 25,416 shares of the construction company's stock worth $2,938,000 after buying an additional 704 shares during the period. Vontobel Holding Ltd. increased its holdings in Advanced Drainage Systems by 27.5% in the 4th quarter. Vontobel Holding Ltd. now owns 27,388 shares of the construction company's stock worth $3,166,000 after buying an additional 5,909 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in Advanced Drainage Systems by 2.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 15,408 shares of the construction company's stock worth $1,781,000 after purchasing an additional 296 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS traded down $3.02 during midday trading on Friday, reaching $114.50. 541,351 shares of the company's stock traded hands, compared to its average volume of 647,601. Advanced Drainage Systems, Inc. has a 1 year low of $110.75 and a 1 year high of $184.27. The company has a market cap of $8.88 billion, a P/E ratio of 19.15, a PEG ratio of 1.17 and a beta of 1.52. 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 has a fifty day simple moving average of $120.01 and a two-hundred day simple moving average of $137.21.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Equities analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is currently 10.70%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Barclays lowered their price objective on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. Oppenheimer lowered their price objective on Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a research report on Monday, November 11th. KeyCorp lowered their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a research report on Monday, November 11th. Loop Capital lowered their price objective on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Finally, Robert W. Baird lowered their price objective on Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating on the stock in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Advanced Drainage Systems has a consensus rating of "Moderate Buy" and a consensus price target of $164.25.

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.