BNP Paribas Financial Markets Decreases Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

BNP Paribas Financial Markets trimmed its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 13.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,530 shares of the construction company's stock after selling 6,484 shares during the period. BNP Paribas Financial Markets owned 0.05% of Advanced Drainage Systems worth $4,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. increased 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 worth $90,000 after purchasing an additional 88 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of Advanced Drainage Systems during the fourth quarter worth about $94,000. First Horizon Advisors Inc. increased its position in shares of Advanced Drainage Systems by 18.3% during 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 in the last quarter. Blue Trust Inc. increased its position in shares of Advanced Drainage Systems by 12.0% during 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 in the last quarter. Finally, Headlands Technologies LLC increased its position in shares of Advanced Drainage Systems by 1,298.6% during the fourth quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock worth $118,000 after purchasing an additional 948 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WMS has been the topic of a number of research analyst reports. UBS Group cut their target price on Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating on the stock in a research report on Friday. Oppenheimer cut their target price on Advanced Drainage Systems from $165.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday. Stephens reiterated 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. KeyCorp dropped their price target on 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. Finally, Loop Capital dropped their price target on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $139.88.

Advanced Drainage Systems Stock Performance

WMS traded up $4.19 during trading on Friday, reaching $121.73. The company's stock had a trading volume of 907,524 shares, compared to its average volume of 597,254. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week high of $181.03. The company's fifty day moving average price is $109.69 and its 200-day moving average price is $119.53. The company has a market capitalization of $9.44 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The construction company reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.09 by ($0.06). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. The business had revenue of $615.76 million during the quarter, compared to analysts' expectations of $653.22 million. On average, equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.18 per share. This is a positive change from Advanced Drainage Systems's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 0.59%. Advanced Drainage Systems's payout ratio is 10.70%.

Advanced Drainage Systems Company 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.