Alpine Peaks Capital LP Raises Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Alpine Peaks Capital LP grew its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 46,320 shares of the construction company's stock after buying an additional 3,170 shares during the quarter. Advanced Drainage Systems makes up about 4.4% of Alpine Peaks Capital LP's investment portfolio, making the stock its 12th largest holding. Alpine Peaks Capital LP owned approximately 0.06% of Advanced Drainage Systems worth $5,355,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Advanced Drainage Systems by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company's stock worth $847,610,000 after buying an additional 52,799 shares during the period. Impax Asset Management Group plc grew its holdings in Advanced Drainage Systems by 34.6% in the fourth quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company's stock worth $291,723,000 after purchasing an additional 650,052 shares during the period. First Trust Advisors LP increased its stake in shares of Advanced Drainage Systems by 45.8% during the fourth quarter. First Trust Advisors LP now owns 1,732,827 shares of the construction company's stock valued at $200,315,000 after purchasing an additional 544,109 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Advanced Drainage Systems by 1.2% during the fourth quarter. American Century Companies Inc. now owns 1,402,447 shares of the construction company's stock valued at $162,123,000 after purchasing an additional 16,415 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Advanced Drainage Systems by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 1,192,746 shares of the construction company's stock worth $137,924,000 after acquiring an additional 5,868 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WMS shares. KeyCorp dropped their price target 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 lowered their price objective on Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. UBS Group upgraded shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price on the stock in a research note on Wednesday, January 8th. Loop Capital dropped their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Advanced Drainage Systems in a report on Tuesday, April 1st. They issued a "buy" rating and a $134.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.78.

Advanced Drainage Systems Stock Performance

Shares of NYSE:WMS traded up $0.23 during mid-day trading on Tuesday, reaching $112.87. 115,613 shares of the company traded hands, compared to its average volume of 574,629. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $184.27. The firm has a market cap of $8.76 billion, a PE ratio of 18.84, a PEG ratio of 1.13 and a beta of 1.48. The company's 50 day moving average price is $108.54 and its 200-day moving average price is $122.63. 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 quarterly earnings results 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 return on equity of 35.79% and a net margin of 15.90%. On average, equities analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.57%. Advanced Drainage Systems's dividend payout ratio is presently 10.70%.

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.