Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group increased its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 27.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 401,012 shares of the construction company's stock after purchasing an additional 86,141 shares during the period. Schroder Investment Management Group owned 0.52% of Advanced Drainage Systems worth $46,048,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. increased its holdings in shares of Advanced Drainage Systems by 32.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 359,111 shares of the construction company's stock valued at $41,513,000 after acquiring an additional 87,297 shares during the last quarter. Duff & Phelps Investment Management Co. increased its stake in Advanced Drainage Systems by 4.2% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 159,424 shares of the construction company's stock valued at $18,429,000 after purchasing an additional 6,470 shares during the last quarter. Triodos Investment Management BV raised its holdings in shares of Advanced Drainage Systems by 12.6% during the fourth quarter. Triodos Investment Management BV now owns 539,811 shares of the construction company's stock worth $62,402,000 after purchasing an additional 60,500 shares during the period. Norges Bank bought a new position in shares of Advanced Drainage Systems in the 4th quarter worth about $86,185,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Advanced Drainage Systems by 9.1% in the 4th quarter. JPMorgan Chase & Co. now owns 273,248 shares of the construction company's stock valued at $31,587,000 after buying an additional 22,798 shares during the period. 89.83% of the stock is owned by institutional investors.

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Advanced Drainage Systems Stock Performance

Shares of NYSE:WMS traded down $2.35 on Friday, hitting $100.82. The company's stock had a trading volume of 957,294 shares, compared to its average volume of 566,230. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 16.86, a price-to-earnings-growth 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 12 month low of $95.39 and a 12 month high of $184.27. The stock's 50-day moving average is $115.03 and its two-hundred day moving average is $128.85.

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 research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.63%. Advanced Drainage Systems's dividend payout ratio (DPR) is 10.70%.

Analyst Upgrades and Downgrades

WMS has been the topic of several research reports. StockNews.com lowered shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Tuesday. Barclays dropped their price target on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft initiated coverage on Advanced Drainage Systems in a research report on Tuesday. They set a "buy" rating and a $134.00 price objective for the company. Loop Capital lowered their price objective on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, February 7th. Finally, UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Advanced Drainage Systems presently has an average rating of "Moderate Buy" and an average price target of $160.89.

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.