Union Bancaire Privee UBP SA Invests $5.06 Million in Advanced Drainage Systems, Inc. (NYSE:WMS)

Union Bancaire Privee UBP SA purchased a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 43,735 shares of the construction company's stock, valued at approximately $5,055,000. Union Bancaire Privee UBP SA owned about 0.06% of Advanced Drainage Systems at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of WMS. First Horizon Advisors Inc. increased its position in shares of Advanced Drainage Systems by 18.3% during the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock valued at $102,000 after purchasing an additional 137 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in Advanced Drainage Systems by 3.4% during the fourth quarter. Allianz Asset Management GmbH now owns 546,216 shares of the construction company's stock worth $63,143,000 after buying an additional 18,023 shares during the last quarter. ING Groep NV bought a new stake in Advanced Drainage Systems in the fourth quarter worth about $1,861,000. Handelsbanken Fonder AB boosted its stake in Advanced Drainage Systems by 36.1% in the fourth quarter. Handelsbanken Fonder AB now owns 21,958 shares of the construction company's stock valued at $2,538,000 after acquiring an additional 5,830 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in shares of Advanced Drainage Systems by 4.0% during the 4th quarter. Private Advisor Group LLC now owns 13,239 shares of the construction company's stock valued at $1,530,000 after acquiring an additional 515 shares during the period. 89.83% of the stock is currently owned by institutional investors.

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Advanced Drainage Systems Price Performance

NYSE WMS traded down $2.35 during trading hours on Wednesday, hitting $113.66. The company had a trading volume of 405,568 shares, compared to its average volume of 631,402. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 1.13 and a beta of 1.52. Advanced Drainage Systems, Inc. has a 52 week low of $110.75 and a 52 week high of $184.27. The firm has a 50 day simple moving average of $119.70 and a 200 day simple moving average of $136.60.

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 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%. Equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.56%. Advanced Drainage Systems's dividend payout ratio (DPR) is currently 10.70%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Loop Capital lowered 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 report on Friday, February 7th. Stephens restated an "equal weight" rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a research note on Friday, February 7th. StockNews.com raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Saturday. UBS Group raised Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price objective for the company in a report on Wednesday, January 8th. Finally, KeyCorp dropped their price objective on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a report on Monday, November 11th. Two research 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.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $164.25.

Advanced Drainage Systems Company 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.