Deutsche Bank AG Has $13.09 Million Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Deutsche Bank AG trimmed its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 28.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,254 shares of the construction company's stock after selling 44,094 shares during the quarter. Deutsche Bank AG owned 0.15% of Advanced Drainage Systems worth $13,092,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of WMS. D. E. Shaw & Co. Inc. grew its position in Advanced Drainage Systems by 26.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 207,284 shares of the construction company's stock worth $23,962,000 after buying an additional 43,170 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Advanced Drainage Systems by 59.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 14,231 shares of the construction company's stock worth $1,645,000 after purchasing an additional 5,300 shares in the last quarter. Crestline Management LP acquired a new stake in shares of Advanced Drainage Systems during the 4th quarter worth $537,000. Centiva Capital LP bought a new position in shares of Advanced Drainage Systems in the fourth quarter worth $1,906,000. Finally, Cercano Management LLC bought a new stake in Advanced Drainage Systems during the fourth quarter worth about $29,840,000. Institutional investors and hedge funds own 89.83% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on WMS shares. Robert W. Baird decreased their target price on shares of Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating on the stock in a report on Friday. Barclays lifted their price objective on shares of Advanced Drainage Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft started coverage on Advanced Drainage Systems in a research note on Tuesday, April 1st. They set a "buy" rating and a $134.00 target price for the company. StockNews.com upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Advanced Drainage Systems currently has an average rating of "Moderate Buy" and a consensus price target of $139.88.

Advanced Drainage Systems Trading Down 2.2%

Shares of WMS stock traded down $2.62 during mid-day trading on Monday, reaching $119.24. 626,124 shares of the stock traded hands, compared to its average volume of 597,006. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31. 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 fifty day simple moving average is $109.69 and its two-hundred day simple moving average is $119.09. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $181.03.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its earnings results on Thursday, May 15th. The construction company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.06). The business had revenue of $615.76 million for the quarter, compared to analyst estimates of $653.22 million. Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. The firm's quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.23 earnings per share. On average, research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.18 per share. This is a positive change from Advanced Drainage Systems's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Friday, May 30th. Advanced Drainage Systems's dividend payout ratio (DPR) is currently 12.50%.

About Advanced Drainage Systems

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.