Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc trimmed its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 4.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 213,536 shares of the construction company’s stock after selling 10,583 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned 0.28% of Advanced Drainage Systems worth $24,680,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in WMS. Envestnet Asset Management Inc. grew its holdings in Advanced Drainage Systems by 1.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 63,692 shares of the construction company’s stock valued at $10,216,000 after purchasing an additional 851 shares in the last quarter. AE Wealth Management LLC boosted its holdings in Advanced Drainage Systems by 20.6% in the second quarter. AE Wealth Management LLC now owns 2,303 shares of the construction company’s stock valued at $369,000 after purchasing an additional 393 shares during the last quarter. Bank of Montreal Can raised its position in shares of Advanced Drainage Systems by 524.8% in the 2nd quarter. Bank of Montreal Can now owns 62,009 shares of the construction company’s stock valued at $10,834,000 after purchasing an additional 52,084 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Advanced Drainage Systems during the 2nd quarter valued at approximately $21,657,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Advanced Drainage Systems during the 2nd quarter valued at $275,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Performance

WMS stock opened at $125.04 on Friday. The stock’s fifty day moving average is $123.51 and its two-hundred day moving average is $143.46. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.20 and a beta of 1.51. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. Advanced Drainage Systems, Inc. has a 1 year low of $110.75 and a 1 year high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.23). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The business had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. During the same quarter in the prior year, the business earned $1.71 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. On average, research analysts predict that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, December 2nd. Advanced Drainage Systems’s dividend payout ratio is currently 10.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Stephens restated an “equal weight” rating and issued a $135.00 target price (down previously from $170.00) on shares of Advanced Drainage Systems in a research note on Wednesday, November 13th. Oppenheimer reduced their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Loop Capital decreased their target price on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Barclays dropped their price target on Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Finally, KeyCorp decreased 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 report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and an average price target of $166.88.

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.