Quantbot Technologies LP Raises Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Quantbot Technologies LP raised its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 404.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,525 shares of the construction company's stock after buying an additional 32,488 shares during the period. Quantbot Technologies LP owned about 0.05% of Advanced Drainage Systems worth $4,685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blueshift Asset Management LLC lifted its holdings in Advanced Drainage Systems by 127.2% in the fourth quarter. Blueshift Asset Management LLC now owns 4,976 shares of the construction company's stock valued at $575,000 after acquiring an additional 2,786 shares during the period. Algebris UK Ltd purchased a new stake in shares of Advanced Drainage Systems during the 4th quarter valued at about $481,000. Xponance Inc. lifted its stake in shares of Advanced Drainage Systems by 3.8% in the 4th quarter. Xponance Inc. now owns 10,379 shares of the construction company's stock worth $1,200,000 after purchasing an additional 376 shares during the period. Intech Investment Management LLC purchased a new position in shares of Advanced Drainage Systems in the fourth quarter worth approximately $564,000. Finally, Mirova US LLC grew its position in Advanced Drainage Systems by 18.5% during the fourth quarter. Mirova US LLC now owns 407,588 shares of the construction company's stock valued at $47,117,000 after buying an additional 63,625 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

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Advanced Drainage Systems Price Performance

WMS traded up $2.09 on Wednesday, hitting $111.98. 554,768 shares of the company's stock traded hands, compared to its average volume of 538,537. The company's 50 day simple moving average is $118.26 and its 200-day simple moving average is $132.07. 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, Inc. has a one year low of $101.90 and a one year high of $184.27. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 1.13 and a beta of 1.61.

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 net margin of 15.90% and a return on equity of 35.79%. As a group, research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The business 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 dividend yield of 0.57%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 10.70%.

Analyst Ratings Changes

WMS has been the topic of several analyst reports. Loop Capital dropped their price target on shares of 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 raised Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target for the company in a report on Wednesday, January 8th. Barclays decreased their price objective on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. Stephens reaffirmed an "equal weight" rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Finally, StockNews.com raised shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of "Moderate Buy" and a consensus target price 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.