Thrivent Financial for Lutherans Lowers Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Thrivent Financial for Lutherans trimmed its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 89.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,195 shares of the construction company's stock after selling 1,154,741 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.18% of Advanced Drainage Systems worth $16,206,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millburn Ridgefield Corp raised its stake 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 valued at $77,000 after acquiring an additional 424 shares during the last quarter. UMB Bank n.a. lifted its holdings in Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock worth $90,000 after buying an additional 88 shares during the period. Spire Wealth Management bought a new stake in shares of Advanced Drainage Systems in the 4th quarter valued at about $94,000. First Horizon Advisors Inc. increased its stake in shares of Advanced Drainage Systems by 18.3% in the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock valued at $102,000 after buying an additional 137 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Advanced Drainage Systems by 12.0% during the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock worth $116,000 after acquiring an additional 108 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

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Advanced Drainage Systems Stock Up 0.1 %

NYSE:WMS traded up $0.06 on Tuesday, hitting $111.15. The stock had a trading volume of 381,133 shares, compared to its average volume of 542,140. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems, Inc. has a 52 week low of $101.90 and a 52 week high of $184.27. The business's fifty day moving average is $117.76 and its 200 day moving average is $130.82. The company has a market cap of $8.62 billion, a PE ratio of 18.59, a P/E/G ratio of 1.13 and a beta of 1.61.

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%. On average, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.16 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.58%. Advanced Drainage Systems's dividend payout ratio is presently 10.70%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Barclays reduced their target price on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a report on Friday, February 7th. UBS Group upgraded shares of 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. Loop Capital cut their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. StockNews.com raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Wednesday, March 5th. Finally, Stephens reiterated an "equal weight" rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $164.25.

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.