Sei Investments Co. Sells 38,759 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Sei Investments Co. trimmed its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 49.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,448 shares of the construction company's stock after selling 38,759 shares during the quarter. Sei Investments Co. owned 0.05% of Advanced Drainage Systems worth $4,560,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Advanced Drainage Systems by 8.8% in the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company's stock valued at $399,452,000 after purchasing an additional 206,105 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Advanced Drainage Systems by 50.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company's stock valued at $11,186,000 after acquiring an additional 32,418 shares during the last quarter. Zacks Investment Management acquired a new position in Advanced Drainage Systems during the third quarter worth about $2,694,000. KBC Group NV lifted its holdings in shares of Advanced Drainage Systems by 21.2% in the fourth quarter. KBC Group NV now owns 738,749 shares of the construction company's stock worth $85,399,000 after acquiring an additional 129,252 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Advanced Drainage Systems by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company's stock valued at $186,578,000 after purchasing an additional 59,158 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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Advanced Drainage Systems Stock Down 1.1 %

Advanced Drainage Systems stock traded down $1.13 during midday trading on Monday, reaching $99.97. The stock had a trading volume of 885,611 shares, compared to its average volume of 567,509. The company has a fifty day moving average price of $114.53 and a two-hundred day moving average price of $128.31. Advanced Drainage Systems, Inc. has a 12 month low of $93.00 and a 12 month high of $184.27. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $7.75 billion, a P/E ratio of 16.72, a PEG 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 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%. As a group, equities analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal 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 paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio (DPR) is 10.70%.

Wall Street Analysts Forecast Growth

WMS has been the subject of several research reports. 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 research note on Friday, February 7th. Barclays cut their price target on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. StockNews.com cut shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They issued a "buy" rating and a $134.00 price target on the stock. Finally, UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price objective for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Advanced Drainage Systems presently has an average rating of "Moderate Buy" and an average target price of $160.89.

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.