Swiss National Bank Increases Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Swiss National Bank raised its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 144,900 shares of the construction company's stock after purchasing an additional 8,600 shares during the quarter. Swiss National Bank owned 0.19% of Advanced Drainage Systems worth $16,750,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Huntington National Bank raised its position in shares of Advanced Drainage Systems by 123.1% during the third quarter. Huntington National Bank now owns 386 shares of the construction company's stock worth $61,000 after acquiring an additional 213 shares during the last quarter. Millburn Ridgefield Corp raised its position in shares of Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock worth $77,000 after acquiring an additional 424 shares during the last quarter. UMB Bank n.a. raised its position in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock worth $90,000 after acquiring an additional 88 shares during the last quarter. Spire Wealth Management bought a new position in shares of Advanced Drainage Systems during the fourth quarter worth about $94,000. Finally, First Horizon Advisors Inc. raised its position in shares of Advanced Drainage Systems by 18.3% during the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock worth $102,000 after acquiring an additional 137 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

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Advanced Drainage Systems Stock Down 1.2 %

Advanced Drainage Systems stock traded down $1.33 during mid-day trading on Friday, reaching $108.33. The stock had a trading volume of 1,844,493 shares, compared to its average volume of 541,321. 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 fifty-two week low of $101.90 and a fifty-two week high of $184.27. The stock's 50-day simple moving average is $118.00 and its 200-day simple moving average is $131.44. The firm has a market capitalization of $8.40 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 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, sell-side analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company 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. The ex-dividend date was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.59%. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 10.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WMS. 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. StockNews.com upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. 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 report on Friday, February 7th. Stephens reaffirmed an "equal weight" rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Finally, Barclays decreased their target price on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.