Alyeska Investment Group L.P. Has $70.21 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Alyeska Investment Group L.P. boosted its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 17.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 607,335 shares of the construction company's stock after purchasing an additional 88,431 shares during the quarter. Alyeska Investment Group L.P. owned about 0.78% of Advanced Drainage Systems worth $70,208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after acquiring an additional 88 shares during the last quarter. Blue Trust Inc. increased 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 valued at $116,000 after buying an additional 108 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Advanced Drainage Systems by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,390 shares of the construction company's stock valued at $276,000 after buying an additional 119 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Advanced Drainage Systems by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company's stock valued at $231,000 after acquiring an additional 125 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted 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 worth $102,000 after purchasing an additional 137 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMS has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Advanced Drainage Systems in a report on Tuesday, April 1st. They set a "buy" rating and a $134.00 target price for the company. Barclays decreased their target price on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating for the company 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 price target on the stock in a report on Wednesday, January 8th. StockNews.com upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Monday. Finally, KeyCorp reduced their price target on Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $153.78.

Advanced Drainage Systems Stock Performance

NYSE:WMS traded down $2.18 during trading hours on Tuesday, hitting $112.91. 683,292 shares of the company traded hands, compared to its average volume of 579,168. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 1.13 and a beta of 1.31. The firm has a 50-day moving average of $108.48 and a 200 day moving average of $121.12. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $184.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced 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%. On average, analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current 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 paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is 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.