Wellington Management Group LLP Has $56.25 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Wellington Management Group LLP cut its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 18.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 357,911 shares of the construction company's stock after selling 80,199 shares during the period. Wellington Management Group LLP owned about 0.46% of Advanced Drainage Systems worth $56,249,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. QRG Capital Management Inc. lifted its position in Advanced Drainage Systems by 28.9% during the second quarter. QRG Capital Management Inc. now owns 1,506 shares of the construction company's stock valued at $242,000 after buying an additional 338 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Advanced Drainage Systems in the second quarter valued at $2,096,000. ORG Partners LLC grew its holdings in Advanced Drainage Systems by 94.7% during the 2nd quarter. ORG Partners LLC now owns 954 shares of the construction company's stock valued at $150,000 after purchasing an additional 464 shares in the last quarter. Swedbank AB increased its stake in Advanced Drainage Systems by 2.1% during the 2nd quarter. Swedbank AB now owns 1,308,821 shares of the construction company's stock worth $209,922,000 after buying an additional 26,581 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Advanced Drainage Systems by 800.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 18,353 shares of the construction company's stock worth $2,944,000 after buying an additional 16,315 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Performance

WMS stock traded down $1.57 on Thursday, reaching $128.22. 205,867 shares of the company were exchanged, compared to its average volume of 512,778. The stock's fifty day moving average price is $143.25 and its 200 day moving average price is $153.73. Advanced Drainage Systems, Inc. has a 12 month low of $123.94 and a 12 month high of $184.27. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15. The firm has a market capitalization of $9.94 billion, a PE ratio of 20.67, a PEG ratio of 1.23 and a beta of 1.48.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.23). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The company had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. During the same period in the prior year, the firm earned $1.71 EPS. Advanced Drainage Systems's quarterly revenue was up .3% compared to the same quarter last year. On average, research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Monday, December 2nd. Advanced Drainage Systems's dividend payout ratio (DPR) is currently 10.19%.

Wall Street Analysts Forecast Growth

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

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.