Vontobel Holding Ltd. Grows Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Vontobel Holding Ltd. grew its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,388 shares of the construction company's stock after buying an additional 5,909 shares during the period. Vontobel Holding Ltd.'s holdings in Advanced Drainage Systems were worth $3,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings 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 valued at $61,000 after buying 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 valued at $77,000 after buying an additional 424 shares during the last quarter. CWM LLC raised its position in shares of Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company's stock valued at $87,000 after buying an additional 85 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 valued at $90,000 after buying an additional 88 shares during the last quarter. Finally, Spire Wealth Management bought a new stake in Advanced Drainage Systems in the fourth quarter worth $94,000. Institutional investors own 89.83% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on WMS shares. Barclays reduced their price target on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a research report on Friday, February 7th. KeyCorp reduced their price target on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a research report on Monday, November 11th. Robert W. Baird reduced 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 research report on Monday, November 11th. Stephens restated an "equal weight" rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Finally, UBS Group upgraded shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $164.25.

Advanced Drainage Systems Trading Down 2.7 %

WMS stock traded down $3.32 during mid-day trading on Thursday, reaching $117.73. 868,239 shares of the stock traded hands, compared to its average volume of 650,819. 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 stock has a market capitalization of $9.13 billion, a PE ratio of 19.69, a PEG ratio of 1.22 and a beta of 1.52. The business has a 50-day moving average price of $120.46 and a two-hundred day moving average price of $137.64.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share 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 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is currently 10.70%.

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.