Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Bought by Rathbones Group PLC

Rathbones Group PLC boosted its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 11.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 255,655 shares of the construction company's stock after acquiring an additional 26,078 shares during the quarter. Rathbones Group PLC owned 0.33% of Advanced Drainage Systems worth $29,554,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WMS. Bell Asset Management Ltd grew its position in shares of Advanced Drainage Systems by 10.3% during the fourth quarter. Bell Asset Management Ltd now owns 58,475 shares of the construction company's stock worth $6,760,000 after buying an additional 5,466 shares in the last quarter. Cerity Partners LLC increased its position in shares of Advanced Drainage Systems by 10.4% in the 4th quarter. Cerity Partners LLC now owns 31,402 shares of the construction company's stock valued at $3,977,000 after purchasing an additional 2,970 shares during the last quarter. MIG Capital LLC raised its holdings in shares of Advanced Drainage Systems by 45.8% in the 4th quarter. MIG Capital LLC now owns 231,817 shares of the construction company's stock valued at $26,798,000 after purchasing an additional 72,863 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Advanced Drainage Systems by 127.7% during the 4th quarter. Russell Investments Group Ltd. now owns 141,921 shares of the construction company's stock worth $16,392,000 after purchasing an additional 79,584 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of Advanced Drainage Systems by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 63,540 shares of the construction company's stock worth $7,345,000 after purchasing an additional 308 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

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Advanced Drainage Systems Stock Up 1.8 %

Shares of NYSE:WMS traded up $1.91 during mid-day trading on Friday, hitting $105.31. 678,762 shares of the company traded hands, compared to its average volume of 574,796. The firm's 50 day simple moving average is $112.30 and its 200 day simple moving average is $126.58. The firm has a market cap of $8.17 billion, a P/E ratio of 17.61, a PEG ratio of 1.13 and a beta of 1.48. 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, Inc. has a 52-week low of $93.92 and a 52-week high of $184.27.

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%. On average, equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS 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 $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is presently 10.70%.

Wall Street Analyst Weigh In

WMS has been the topic of several research analyst reports. Barclays cut their price target on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating on the stock in a research note on Tuesday. Loop Capital cut their price target 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. UBS Group raised Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price objective for the company in a report on Wednesday, January 8th. KeyCorp cut their target price on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Stephens reiterated an "equal weight" rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $153.78.

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.