Wellington Management Group LLP Trims Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Wellington Management Group LLP lowered its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 339,259 shares of the construction company's stock after selling 18,652 shares during the period. Wellington Management Group LLP owned 0.44% of Advanced Drainage Systems worth $39,218,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WMS. CIBC Private Wealth Group LLC raised its stake in shares of Advanced Drainage Systems by 9.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,175 shares of the construction company's stock worth $250,000 after purchasing an additional 194 shares during the last quarter. Mawer Investment Management Ltd. raised its position in Advanced Drainage Systems by 14.4% during the 4th quarter. Mawer Investment Management Ltd. now owns 76,680 shares of the construction company's stock worth $8,864,000 after buying an additional 9,673 shares during the last quarter. Schroder Investment Management Group raised its position in Advanced Drainage Systems by 27.4% during the 4th quarter. Schroder Investment Management Group now owns 401,012 shares of the construction company's stock worth $46,048,000 after buying an additional 86,141 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in Advanced Drainage Systems by 32.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 359,111 shares of the construction company's stock valued at $41,513,000 after acquiring an additional 87,297 shares during the period. Finally, Duff & Phelps Investment Management Co. boosted its holdings in shares of Advanced Drainage Systems by 4.2% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 159,424 shares of the construction company's stock valued at $18,429,000 after acquiring an additional 6,470 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Barclays reduced their target price on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating for the company in a report on Tuesday. Loop Capital reduced their price objective on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, February 7th. UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price on the stock in a research note on Wednesday, January 8th. Stephens reiterated an "equal weight" rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Finally, KeyCorp lowered their price objective on Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Advanced Drainage Systems currently has an average rating of "Moderate Buy" and a consensus target price of $153.78.

Advanced Drainage Systems Price Performance

Shares of WMS stock traded up $1.91 during trading hours on Friday, hitting $105.31. 678,762 shares of the company's stock were exchanged, compared to its average volume of 574,796. The firm has a 50 day moving average of $112.30 and a two-hundred day moving average of $126.58. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week high of $184.27. The firm has a market cap of $8.17 billion, a P/E ratio of 17.61, a P/E/G ratio of 1.13 and a beta of 1.48. 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 (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 return on equity of 35.79% and a net margin of 15.90%. Sell-side analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.61%. Advanced Drainage Systems's dividend payout ratio (DPR) is currently 10.70%.

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.