Rockefeller Capital Management L.P. Buys 4,802 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Rockefeller Capital Management L.P. lifted its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 76,642 shares of the construction company's stock after buying an additional 4,802 shares during the period. Rockefeller Capital Management L.P. owned about 0.10% of Advanced Drainage Systems worth $8,860,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. MML Investors Services LLC raised its holdings in shares of Advanced Drainage Systems by 9.5% during the third quarter. MML Investors Services LLC now owns 2,607 shares of the construction company's stock valued at $410,000 after acquiring an additional 226 shares in the last quarter. Anchor Investment Management LLC increased its position in Advanced Drainage Systems by 31.8% during the 3rd quarter. Anchor Investment Management LLC now owns 2,011 shares of the construction company's stock valued at $316,000 after purchasing an additional 485 shares during the period. Everence Capital Management Inc. bought a new position in Advanced Drainage Systems in the 4th quarter worth $230,000. Nordea Investment Management AB lifted its position in shares of Advanced Drainage Systems by 6.1% in the 4th quarter. Nordea Investment Management AB now owns 73,203 shares of the construction company's stock worth $8,554,000 after purchasing an additional 4,221 shares during the period. Finally, Northcape Capital Pty Ltd boosted its stake in shares of Advanced Drainage Systems by 32.1% during the 4th quarter. Northcape Capital Pty Ltd now owns 16,509 shares of the construction company's stock valued at $1,908,000 after purchasing an additional 4,016 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Stock Up 3.2 %

Advanced Drainage Systems stock traded up $3.24 during trading hours on Tuesday, hitting $104.78. The stock had a trading volume of 385,285 shares, compared to its average volume of 573,144. The stock's 50-day moving average price is $109.74 and its 200-day moving average price is $124.03. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $184.27. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $8.13 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48.

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%. Equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given 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 (DPR) is 10.70%.

Wall Street Analyst Weigh In

WMS has been the subject of a number of research reports. Barclays decreased their price target on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Stephens restated an "equal weight" rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft initiated coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They set a "buy" rating and a $134.00 price target on the stock. StockNews.com downgraded Advanced Drainage Systems from a "hold" rating to a "sell" rating in a report on Tuesday, April 1st. Finally, KeyCorp dropped 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, April 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $153.78.

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.