Zurcher Kantonalbank Zurich Cantonalbank Buys 5,169 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,517 shares of the construction company's stock after purchasing an additional 5,169 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.13% of Advanced Drainage Systems worth $11,851,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Huntington National Bank raised its holdings in Advanced Drainage Systems by 123.1% in the third quarter. Huntington National Bank now owns 386 shares of the construction company's stock worth $61,000 after buying an additional 213 shares during the last quarter. Millburn Ridgefield Corp raised its holdings in Advanced Drainage Systems by 642.4% in the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock worth $77,000 after acquiring an additional 424 shares during the last quarter. UMB Bank n.a. lifted its position in Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after acquiring an additional 88 shares in the last quarter. Spire Wealth Management bought a new position in Advanced Drainage Systems in the 4th quarter valued at approximately $94,000. Finally, First Horizon Advisors Inc. boosted its stake in 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. Institutional investors own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

WMS has been the subject of several recent analyst reports. Barclays decreased their price target on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating for the company in a research note on Friday, February 7th. Loop Capital lowered their target price on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. UBS Group raised 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 report on Wednesday, January 8th. StockNews.com raised shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. Finally, Stephens restated an "equal weight" rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Advanced Drainage Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.25.

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Advanced Drainage Systems Stock Down 0.2 %

WMS opened at $109.65 on Thursday. The firm's 50 day simple moving average is $118.75 and its two-hundred day simple moving average is $133.65. The company has a market capitalization of $8.51 billion, a PE ratio of 18.34, a PEG ratio of 1.13 and a beta of 1.61. Advanced Drainage Systems, Inc. has a 1-year low of $101.90 and a 1-year high of $184.27. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its earnings results 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 return on equity of 35.79% and a net margin of 15.90%. As a group, equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid 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 0.58%. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 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.

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