Wellington Management Group LLP Sells 18,652 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Wellington Management Group LLP decreased its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 5.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 339,259 shares of the construction company’s stock after selling 18,652 shares during the period. Wellington Management Group LLP owned 0.44% of Advanced Drainage Systems worth $39,218,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in WMS. UMB Bank n.a. grew its holdings in Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after purchasing an additional 88 shares during the last quarter. Spire Wealth Management bought a new stake in shares of Advanced Drainage Systems during the 4th quarter worth $94,000. First Horizon Advisors Inc. grew its stake in Advanced Drainage Systems by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock valued at $102,000 after buying an additional 137 shares during the last quarter. Blue Trust Inc. lifted its position in Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after acquiring an additional 108 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new stake in Advanced Drainage Systems during the third quarter valued at about $259,000. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Trading Down 2.3 %

Shares of WMS stock opened at $100.82 on Monday. The firm has a fifty day moving average of $115.03 and a 200-day moving average of $128.70. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems, Inc. has a 52-week low of $94.59 and a 52-week high of $184.27. 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 (NYSE:WMS) last posted its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (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%. On average, equities research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is 10.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Advanced Drainage Systems in a research note on Tuesday, April 1st. They issued a “buy” rating and a $134.00 price objective on the stock. Stephens reaffirmed an “equal weight” rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Loop Capital lowered their price objective 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. StockNews.com lowered shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, April 1st. Finally, Barclays reduced their price target on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and an average price target of $160.89.

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.