Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Beck Mack & Oliver LLC

Beck Mack & Oliver LLC decreased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 38.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,257 shares of the construction company's stock after selling 13,784 shares during the period. Beck Mack & Oliver LLC's holdings in Advanced Drainage Systems were worth $2,573,000 at the end of the most recent reporting period.

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

Advanced Drainage Systems Stock Performance

NYSE:WMS traded up $3.95 during midday trading on Thursday, hitting $109.89. The company's stock had a trading volume of 139,271 shares, compared to its average volume of 571,994. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week 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 firm has a market cap of $8.52 billion, a P/E ratio of 18.37, a P/E/G ratio of 1.13 and a beta of 1.48. The firm's 50 day moving average is $109.32 and its 200-day moving average is $123.91.

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 the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is currently 10.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. UBS Group raised shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price for the company in a research report on Wednesday, January 8th. Loop Capital decreased 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. Barclays dropped their target price 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. Stephens reaffirmed an "equal weight" rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Finally, StockNews.com downgraded Advanced Drainage Systems from a "hold" rating to a "sell" rating in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $153.78.

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.