Rockefeller Capital Management L.P. Cuts Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Rockefeller Capital Management L.P. decreased its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 71,840 shares of the construction company's stock after selling 4,505 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.09% of Advanced Drainage Systems worth $11,290,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CIBC Asset Management Inc grew its holdings in Advanced Drainage Systems by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company's stock valued at $357,000 after buying an additional 79 shares in the last quarter. CWM LLC raised its position in shares of Advanced Drainage Systems by 18.1% during the 3rd quarter. CWM LLC now owns 555 shares of the construction company's stock valued at $87,000 after buying an additional 85 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Advanced Drainage Systems by 10.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the construction company's stock valued at $164,000 after acquiring an additional 95 shares during the last quarter. West Oak Capital LLC grew its position in Advanced Drainage Systems by 133.3% in the second quarter. West Oak Capital LLC now owns 175 shares of the construction company's stock worth $28,000 after acquiring an additional 100 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its stake in Advanced Drainage Systems by 4.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company's stock worth $379,000 after acquiring an additional 111 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Trading Up 1.0 %

Shares of Advanced Drainage Systems stock traded up $1.30 on Tuesday, hitting $135.30. 742,167 shares of the company traded hands, compared to its average volume of 508,461. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. The company has a market cap of $10.49 billion, a PE ratio of 21.60, a PEG ratio of 1.21 and a beta of 1.48. The stock's 50 day moving average price is $146.80 and its 200-day moving average price is $155.82. Advanced Drainage Systems, Inc. has a 52 week low of $122.61 and a 52 week high of $184.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.93 by ($0.23). The firm had revenue of $782.60 million for the quarter, compared to the consensus estimate of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The company's revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the firm earned $1.71 earnings per share. Equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.16 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 annualized dividend and a dividend yield of 0.47%. Advanced Drainage Systems's dividend payout ratio is currently 10.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays dropped their target price on Advanced Drainage Systems from $194.00 to $172.00 and set an "overweight" rating for the company in a report on Monday, November 11th. Loop Capital cut their price objective on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating on the stock in a research report on Monday, November 11th. KeyCorp reduced their target price on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. Stephens reissued an "equal weight" rating and issued a $135.00 price objective (down from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Finally, Robert W. Baird dropped their target price on Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating for the company in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $170.29.

Advanced Drainage Systems 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.