Thrivent Financial for Lutherans Sells 1,154,741 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Thrivent Financial for Lutherans decreased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 89.2% in the 4th quarter, Holdings Channel reports. The fund owned 140,195 shares of the construction company’s stock after selling 1,154,741 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Advanced Drainage Systems were worth $16,206,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its position in Advanced Drainage Systems by 3.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 9,071 shares of the construction company’s stock worth $1,049,000 after purchasing an additional 282 shares during the period. LBP AM SA grew its stake in Advanced Drainage Systems by 1.4% in the 4th quarter. LBP AM SA now owns 58,432 shares of the construction company’s stock valued at $6,755,000 after buying an additional 827 shares in the last quarter. PGGM Investments raised its holdings in Advanced Drainage Systems by 84.2% during the 4th quarter. PGGM Investments now owns 150,261 shares of the construction company’s stock valued at $17,370,000 after acquiring an additional 68,671 shares during the period. Vestcor Inc purchased a new stake in shares of Advanced Drainage Systems during the fourth quarter worth $247,000. Finally, Swiss National Bank boosted its holdings in shares of Advanced Drainage Systems by 6.3% in the fourth quarter. Swiss National Bank now owns 144,900 shares of the construction company’s stock worth $16,750,000 after acquiring an additional 8,600 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

WMS has been the topic of a number of recent research reports. UBS Group raised Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a report on Wednesday, January 8th. Loop Capital reduced their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, February 7th. StockNews.com raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Barclays decreased their price target on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, Stephens restated an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and an average price target of $164.25.

Advanced Drainage Systems Trading Down 1.2 %

NYSE WMS opened at $108.33 on Friday. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The stock’s 50-day simple moving average is $118.00 and its two-hundred day simple moving average is $131.44. Advanced Drainage Systems, Inc. has a twelve month low of $101.90 and a twelve month high of $184.27. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 1.13 and a beta of 1.61.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.59%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 10.70%.

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.