Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 194,839 shares of the construction company's stock after selling 12,767 shares during the period. Rhumbline Advisers owned 0.25% of Advanced Drainage Systems worth $22,523,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Huntington National Bank increased its position in shares of Advanced Drainage Systems by 123.1% during the third quarter. Huntington National Bank now owns 386 shares of the construction company's stock valued at $61,000 after acquiring an additional 213 shares during the last quarter. Millburn Ridgefield Corp increased its position in shares of Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock valued at $77,000 after acquiring an additional 424 shares during the last quarter. CWM LLC increased its position in shares of Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company's stock valued at $87,000 after acquiring an additional 85 shares during the last quarter. UMB Bank n.a. increased its position in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after acquiring an additional 88 shares during the last quarter. Finally, Spire Wealth Management acquired a new position in shares of Advanced Drainage Systems in the fourth quarter valued at approximately $94,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Down 2.6 %

NYSE WMS traded down $3.02 on Friday, hitting $114.50. 541,351 shares of the stock were exchanged, compared to its average volume of 647,601. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems, Inc. has a fifty-two week low of $110.75 and a fifty-two week high of $184.27. The company has a market cap of $8.88 billion, a PE ratio of 19.15, a PEG ratio of 1.17 and a beta of 1.52. The company has a 50-day moving average price of $120.26 and a 200-day moving average price of $137.50.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly 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 return on equity of 35.79% and a net margin of 15.90%. Sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Stephens restated an "equal weight" rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a report on Friday, February 7th. Loop Capital dropped their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, February 7th. 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 report on Friday, February 7th. Robert W. Baird dropped their price objective on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating for the company in a report on Monday, November 11th. Finally, UBS Group upgraded shares of 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $164.25.

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.