South Dakota Investment Council Invests $971,000 in Advanced Drainage Systems, Inc. (NYSE:WMS)

South Dakota Investment Council purchased a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,400 shares of the construction company's stock, valued at approximately $971,000.

Other large investors have also added to or reduced their stakes in the company. State Street Corp lifted its stake in Advanced Drainage Systems by 8.8% in the third 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. lifted its stake 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 purchasing an additional 32,418 shares during the last quarter. Zacks Investment Management purchased a new position in Advanced Drainage Systems in the third quarter valued at approximately $2,694,000. Advantage Alpha Capital Partners LP bought a new stake in Advanced Drainage Systems during the 3rd quarter valued at $8,540,000. Finally, Swedbank AB raised its holdings in Advanced Drainage Systems by 5.8% during the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company's stock valued at $217,553,000 after acquiring an additional 75,455 shares during the period. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Price Performance

WMS traded down $2.04 during trading on Thursday, reaching $111.85. The stock had a trading volume of 391,504 shares, compared to its average volume of 625,087. The stock has a market cap of $8.68 billion, a PE ratio of 18.70, a PEG ratio of 1.13 and a beta of 1.52. 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 one year low of $110.75 and a one year high of $184.27. The business has a 50-day moving average of $119.64 and a 200-day moving average of $136.44.

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Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings results 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%. As a group, equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.57%. Advanced Drainage Systems's payout ratio is 10.70%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Stephens reissued an "equal weight" rating and set a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. StockNews.com raised shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd. Loop Capital lowered their target price on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Oppenheimer decreased their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a report on Monday, November 11th. Finally, Robert W. Baird decreased their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating on the stock in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Advanced Drainage Systems has a consensus rating of "Moderate Buy" and a consensus target price of $164.25.

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.