Asset Management One Co. Ltd. Grows Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Asset Management One Co. Ltd. raised its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 2.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 15,408 shares of the construction company’s stock after purchasing an additional 296 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Advanced Drainage Systems were worth $1,781,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of WMS. State Street Corp boosted 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 in the last quarter. Swedbank AB increased its holdings in Advanced Drainage Systems by 5.8% during the third quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock valued at $217,553,000 after buying an additional 75,455 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Advanced Drainage Systems by 5.2% in the third quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company’s stock worth $186,578,000 after purchasing an additional 59,158 shares in the last quarter. KBC Group NV increased its stake in shares of Advanced Drainage Systems by 21.2% in the fourth quarter. KBC Group NV now owns 738,749 shares of the construction company’s stock worth $85,399,000 after purchasing an additional 129,252 shares in the last quarter. Finally, abrdn plc increased its stake in shares of Advanced Drainage Systems by 28.5% in the third quarter. abrdn plc now owns 579,485 shares of the construction company’s stock worth $91,683,000 after purchasing an additional 128,539 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Loop Capital reduced their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Oppenheimer dropped their price target on shares of 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. Stephens reissued an “equal weight” rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Robert W. Baird reduced their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Finally, KeyCorp reduced their price objective on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.25.

Advanced Drainage Systems Stock Down 4.7 %

WMS stock opened at $120.99 on Thursday. The firm’s fifty day simple moving average is $120.46 and its 200-day simple moving average is $137.64. The company has a market capitalization of $9.38 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 1.23 and a beta of 1.52. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. Advanced Drainage Systems, Inc. has a 12 month low of $110.75 and a 12 month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (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 research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio (DPR) is 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.