UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 7,852 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,264,958 shares of the construction company's stock after selling 7,852 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 1.63% of Advanced Drainage Systems worth $198,801,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. West Oak Capital LLC raised its holdings in shares of Advanced Drainage Systems by 133.3% in the 2nd quarter. West Oak Capital LLC now owns 175 shares of the construction company's stock worth $28,000 after purchasing an additional 100 shares in the last quarter. Blue Trust Inc. grew its position in Advanced Drainage Systems by 1,472.7% during the second quarter. Blue Trust Inc. now owns 173 shares of the construction company's stock valued at $30,000 after purchasing an additional 162 shares in the last quarter. National Bank of Canada FI bought a new stake in Advanced Drainage Systems in the second quarter worth approximately $45,000. Huntington National Bank grew its position in Advanced Drainage Systems by 123.1% in 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 in the last quarter. Finally, GAMMA Investing LLC grew its position in Advanced Drainage Systems by 65.2% in the second quarter. GAMMA Investing LLC now owns 451 shares of the construction company's stock worth $72,000 after acquiring an additional 178 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Trading Up 1.5 %

Shares of NYSE:WMS traded up $2.06 during trading on Friday, hitting $135.29. 447,558 shares of the company's stock were exchanged, compared to its average volume of 712,029. Advanced Drainage Systems, Inc. has a 1-year low of $119.26 and a 1-year high of $184.27. The firm has a 50-day moving average price of $147.19 and a two-hundred day moving average price of $156.23. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97. The firm has a market cap of $10.49 billion, a P/E ratio of 21.54, a PEG ratio of 1.22 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.93 by ($0.23). The firm had revenue of $782.60 million for the quarter, compared to analyst estimates of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The firm's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.71 EPS. Equities analysts predict that Advanced Drainage Systems, Inc. will post 6.5 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, December 2nd. Advanced Drainage Systems's dividend payout ratio is currently 10.19%.

Analyst Ratings Changes

WMS has been the subject of several recent analyst reports. Stephens reaffirmed an "equal weight" rating and set a $135.00 price objective (down from $170.00) on shares of Advanced Drainage Systems in a report on Wednesday, November 13th. Loop Capital reduced their price objective on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating for the company in a report on Monday, November 11th. Robert W. Baird reduced their price objective on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating for the company in a report on Monday, November 11th. Oppenheimer cut their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating for the company in a report on Monday, November 11th. Finally, Barclays cut their price target on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an "overweight" rating for the company in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $170.29.

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.