Axa S.A. Sells 56,251 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

AXA S.A. lessened its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 33.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 114,322 shares of the construction company's stock after selling 56,251 shares during the period. AXA S.A. owned 0.15% of Advanced Drainage Systems worth $13,216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMS. Norges Bank acquired a new stake in shares of Advanced Drainage Systems in the 4th quarter valued at about $86,185,000. Impax Asset Management Group plc raised its stake in shares of Advanced Drainage Systems by 34.6% during the fourth quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company's stock valued at $291,723,000 after purchasing an additional 650,052 shares during the period. First Trust Advisors LP increased its stake in Advanced Drainage Systems by 45.8% during the 4th quarter. First Trust Advisors LP now owns 1,732,827 shares of the construction company's stock worth $200,315,000 after buying an additional 544,109 shares during the period. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Advanced Drainage Systems during the fourth quarter worth about $46,997,000. Finally, Amundi raised its position in shares of Advanced Drainage Systems by 72.2% in the 4th quarter. Amundi now owns 854,764 shares of the construction company's stock valued at $98,678,000 after purchasing an additional 358,271 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS traded down $0.78 during trading on Friday, reaching $115.21. 444,891 shares of the company traded hands, compared to its average volume of 585,519. The firm has a market capitalization of $8.94 billion, a PE ratio of 19.27, a PEG ratio of 1.13 and a beta of 1.31. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $184.27. 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 company's 50 day moving average is $108.80 and its two-hundred day moving average is $120.33.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (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, sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

WMS has been the topic of several research analyst reports. Barclays reduced their price objective on Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Loop Capital cut their price objective on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft began 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. 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. Finally, KeyCorp lowered 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 report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Advanced Drainage Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.25.

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.