The Manufacturers Life Insurance Company Buys 2,591 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

The Manufacturers Life Insurance Company lifted its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,371 shares of the construction company's stock after acquiring an additional 2,591 shares during the period. The Manufacturers Life Insurance Company owned 0.06% of Advanced Drainage Systems worth $5,592,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in WMS. Assenagon Asset Management S.A. raised its position in Advanced Drainage Systems by 50.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company's stock worth $11,186,000 after acquiring an additional 32,418 shares in the last quarter. KBC Group NV raised its holdings in shares of Advanced Drainage Systems by 21.2% in the 4th quarter. KBC Group NV now owns 738,749 shares of the construction company's stock worth $85,399,000 after purchasing an additional 129,252 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Advanced Drainage Systems by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 593,562 shares of the construction company's stock valued at $68,616,000 after purchasing an additional 31,510 shares during the last quarter. D.B. Root & Company LLC boosted its holdings in Advanced Drainage Systems by 64.9% during the fourth quarter. D.B. Root & Company LLC now owns 5,658 shares of the construction company's stock worth $654,000 after buying an additional 2,227 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Advanced Drainage Systems by 14.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 163,910 shares of the construction company's stock worth $18,948,000 after buying an additional 20,146 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Up 2.4%

Shares of WMS traded up $2.88 during trading hours on Tuesday, reaching $125.35. The company's stock had a trading volume of 182,810 shares, compared to its average volume of 585,117. The company has a 50 day moving average of $109.02 and a two-hundred day moving average of $119.92. 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 firm has a market cap of $9.72 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.13 and a beta of 1.31. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $184.27.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on WMS shares. Deutsche Bank Aktiengesellschaft started coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They set a "buy" rating and a $134.00 price objective for the company. Loop Capital decreased their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, February 7th. StockNews.com raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Monday, May 5th. Barclays reduced their price objective on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, KeyCorp dropped their target price on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Advanced Drainage Systems presently has a consensus rating of "Moderate Buy" and an average target price of $149.25.

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.