Rhumbline Advisers Sells 12,767 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Rhumbline Advisers lessened its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 6.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 194,839 shares of the construction company’s stock after selling 12,767 shares during the period. Rhumbline Advisers’ holdings in Advanced Drainage Systems were worth $22,523,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Vontobel Holding Ltd. lifted its stake in shares of Advanced Drainage Systems by 27.5% in the 4th quarter. Vontobel Holding Ltd. now owns 27,388 shares of the construction company’s stock worth $3,166,000 after purchasing an additional 5,909 shares during the period. Asset Management One Co. Ltd. raised its stake in Advanced Drainage Systems by 2.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 15,408 shares of the construction company’s stock worth $1,781,000 after acquiring an additional 296 shares during the period. Van ECK Associates Corp raised its stake in Advanced Drainage Systems by 65.9% during the 4th quarter. Van ECK Associates Corp now owns 63,309 shares of the construction company’s stock worth $7,319,000 after acquiring an additional 25,158 shares during the period. Savant Capital LLC raised its stake in Advanced Drainage Systems by 3.2% during the 4th quarter. Savant Capital LLC now owns 6,294 shares of the construction company’s stock worth $728,000 after acquiring an additional 196 shares during the period. Finally, Kestra Private Wealth Services LLC raised its stake in Advanced Drainage Systems by 36.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 3,815 shares of the construction company’s stock worth $441,000 after acquiring an additional 1,018 shares during the period. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

Shares of WMS stock opened at $117.73 on Friday. Advanced Drainage Systems, Inc. has a fifty-two week low of $110.75 and a fifty-two week high of $184.27. The firm has a market capitalization of $9.13 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 1.22 and a beta of 1.52. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The stock’s 50-day simple moving average is $120.26 and its 200-day simple moving average is $137.50.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing the consensus estimate 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 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company 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 $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is currently 10.70%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Robert W. Baird decreased their target price on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Stephens restated an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research note on Friday, February 7th. StockNews.com cut shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Friday, February 14th. UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Wednesday, January 8th. Finally, Oppenheimer reduced their price objective on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and an average target price of $164.25.

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.