Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Bought by KBC Group NV

KBC Group NV grew its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 738,749 shares of the construction company’s stock after acquiring an additional 129,252 shares during the quarter. KBC Group NV owned 0.95% of Advanced Drainage Systems worth $85,399,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WMS. CIBC Asset Management Inc boosted its stake in Advanced Drainage Systems by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock worth $357,000 after purchasing an additional 79 shares in the last quarter. CWM LLC raised its holdings in shares of Advanced Drainage Systems by 18.1% in the third quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after buying an additional 85 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after buying an additional 88 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Advanced Drainage Systems by 12.0% during the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after buying an additional 108 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its holdings in shares of Advanced Drainage Systems by 4.8% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock valued at $379,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WMS shares. Barclays reduced their target price on Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Stephens restated an “equal weight” rating and issued a $135.00 price objective (down from $170.00) on shares of Advanced Drainage Systems in a research note on Wednesday, November 13th. Robert W. Baird dropped their target price on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Oppenheimer cut their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Finally, Loop Capital decreased their price objective on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $166.88.

Advanced Drainage Systems Trading Down 1.2 %

Advanced Drainage Systems stock opened at $125.04 on Monday. The firm has a market cap of $9.69 billion, a PE ratio of 19.91, a P/E/G ratio of 1.20 and a beta of 1.51. Advanced Drainage Systems, Inc. has a 12 month low of $110.75 and a 12 month high of $184.27. The stock’s 50 day simple moving average is $123.51 and its two-hundred day simple moving average is $143.29. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). The firm had revenue of $782.60 million for the quarter, compared to analysts’ expectations of $819.41 million. Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the company posted $1.71 earnings per share. Analysts anticipate that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Monday, December 2nd. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.19%.

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.