Algert Global LLC Decreases Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Algert Global LLC lowered its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 29.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,174 shares of the construction company's stock after selling 10,611 shares during the quarter. Algert Global LLC's holdings in Advanced Drainage Systems were worth $2,910,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. UMB Bank n.a. lifted its position in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after buying an additional 88 shares during the last quarter. Spire Wealth Management purchased a new stake in Advanced Drainage Systems during the fourth quarter valued at approximately $94,000. First Horizon Advisors Inc. grew its holdings 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 worth $102,000 after purchasing an additional 137 shares during the last quarter. Blue Trust Inc. grew its holdings in Advanced Drainage Systems by 12.0% in the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock worth $116,000 after purchasing an additional 108 shares during the last quarter. Finally, Headlands Technologies LLC lifted its holdings in shares of Advanced Drainage Systems by 1,298.6% during the 4th quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock valued at $118,000 after purchasing an additional 948 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

WMS has been the topic of several recent analyst reports. Loop Capital reduced their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. KeyCorp cut 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 report on Tuesday, April 8th. StockNews.com upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Monday, May 5th. Stephens restated an "equal weight" rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Finally, Barclays lowered 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. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $149.25.

Advanced Drainage Systems Stock Performance

WMS stock traded down $0.78 during trading on Friday, hitting $115.21. 444,891 shares of the company traded hands, compared to its average volume of 585,519. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $184.27. The company has a market cap of $8.94 billion, a PE ratio of 19.27, a P/E/G ratio of 1.13 and a beta of 1.31. The stock's 50-day simple moving average is $108.80 and its 200 day simple moving average is $120.33. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its earnings results 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 net margin of 15.90% and a return on equity of 35.79%. On average, equities analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

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.