William Blair Investment Management LLC Sells 103,380 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

William Blair Investment Management LLC cut its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 9.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,040,099 shares of the construction company's stock after selling 103,380 shares during the period. William Blair Investment Management LLC owned about 1.34% of Advanced Drainage Systems worth $120,235,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Huntington National Bank increased its position in shares of Advanced Drainage Systems by 123.1% during the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company's stock valued at $61,000 after purchasing an additional 213 shares during the last quarter. Millburn Ridgefield Corp grew its position in 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 acquiring an additional 424 shares during the last quarter. UMB Bank n.a. raised its stake 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 worth $90,000 after acquiring an additional 88 shares in the last quarter. Spire Wealth Management purchased a new position in shares of Advanced Drainage Systems during the fourth quarter worth approximately $94,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Advanced Drainage Systems by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock worth $102,000 after acquiring an additional 137 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on WMS shares. Barclays decreased their target price 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. Loop Capital decreased their price objective on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a report 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 for the company in a report on Wednesday, January 8th. StockNews.com raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Stephens reissued an "equal weight" rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $164.25.

Advanced Drainage Systems Stock Down 1.2 %

Advanced Drainage Systems stock traded down $1.33 during trading hours on Friday, hitting $108.33. 1,844,493 shares of the stock traded hands, compared to its average volume of 542,827. Advanced Drainage Systems, Inc. has a one year low of $101.90 and a one year high of $184.27. The firm's 50-day moving average price is $118.09 and its two-hundred day moving average price is $131.78. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The company has a market cap of $8.40 billion, a PE ratio of 18.12, a PEG ratio of 1.13 and a beta of 1.61.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. On average, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is presently 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.