Northern Trust Corp Has $76.93 Million Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Northern Trust Corp increased its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 665,461 shares of the construction company's stock after acquiring an additional 30,933 shares during the quarter. Northern Trust Corp owned about 0.86% of Advanced Drainage Systems worth $76,927,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of WMS. UMB Bank n.a. lifted its stake in Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock worth $90,000 after purchasing an additional 88 shares during the period. Spire Wealth Management bought a new stake in Advanced Drainage Systems in the fourth quarter valued at $94,000. First Horizon Advisors Inc. grew its position in Advanced Drainage Systems by 18.3% in the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock valued at $102,000 after acquiring an additional 137 shares during the period. Blue Trust Inc. lifted its holdings 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 valued at $116,000 after acquiring an additional 108 shares during the period. Finally, Headlands Technologies LLC grew its holdings in shares of Advanced Drainage Systems by 1,298.6% in the 4th quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock worth $118,000 after purchasing an additional 948 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. KeyCorp decreased their price objective on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Barclays decreased their target price on Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Advanced Drainage Systems in a research report on Tuesday, April 1st. They set a "buy" rating and a $134.00 price target on the stock. StockNews.com raised shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Monday. Finally, Stephens reissued an "equal weight" rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Advanced Drainage Systems has a consensus rating of "Moderate Buy" and an average price target of $149.25.

Advanced Drainage Systems Trading Down 0.7 %

Shares of NYSE WMS traded down $0.78 during midday trading on Friday, reaching $115.21. 444,891 shares of the stock were exchanged, compared to its average volume of 583,502. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $184.27. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 1.13 and a beta of 1.31. The business has a 50-day simple moving average of $108.64 and a two-hundred day simple moving average of $120.78.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. As a group, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Company 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.