Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Bought by Mirova US LLC

Mirova US LLC boosted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 18.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 407,588 shares of the construction company’s stock after acquiring an additional 63,625 shares during the quarter. Mirova US LLC owned about 0.53% of Advanced Drainage Systems worth $47,117,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Advanced Drainage Systems by 8.8% during the third quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock worth $399,452,000 after acquiring an additional 206,105 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Advanced Drainage Systems by 50.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company’s stock worth $11,186,000 after buying an additional 32,418 shares during the period. Zacks Investment Management purchased a new position in shares of Advanced Drainage Systems during the third quarter worth $2,694,000. Advantage Alpha Capital Partners LP purchased a new position in shares of Advanced Drainage Systems during the third quarter worth $8,540,000. Finally, Swedbank AB boosted its position in shares of Advanced Drainage Systems by 5.8% during the third quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock worth $217,553,000 after buying an additional 75,455 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on WMS shares. Barclays lowered their price target on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Loop Capital decreased their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, February 7th. UBS Group raised Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target 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 report on Wednesday, March 5th. Finally, Stephens reaffirmed an “equal weight” rating and set a $135.00 price target 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 given a buy rating to the company. According to MarketBeat.com, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and a consensus price target of $164.25.

Advanced Drainage Systems Stock Up 1.1 %

WMS opened at $110.03 on Tuesday. The business’s 50-day simple moving average is $118.34 and its 200-day simple moving average is $132.40. 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 $101.90 and a one year high of $184.27. The stock has a market capitalization of $8.54 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61.

Advanced Drainage Systems (NYSE:WMS) last posted 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%. Analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio (DPR) 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.