Centiva Capital LP Invests $1.91 Million in Advanced Drainage Systems, Inc. (NYSE:WMS)

Centiva Capital LP purchased a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 16,492 shares of the construction company's stock, valued at approximately $1,906,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Cercano Management LLC acquired a new position in Advanced Drainage Systems during the fourth quarter worth about $29,840,000. BLI Banque de Luxembourg Investments purchased a new stake in Advanced Drainage Systems in the fourth quarter valued at approximately $3,526,000. Ameriprise Financial Inc. increased its position in shares of Advanced Drainage Systems by 100.9% in the fourth quarter. Ameriprise Financial Inc. now owns 675,649 shares of the construction company's stock worth $78,094,000 after acquiring an additional 339,329 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of Advanced Drainage Systems by 17.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 607,335 shares of the construction company's stock valued at $70,208,000 after purchasing an additional 88,431 shares during the period. Finally, Aristeia Capital L.L.C. boosted its stake in shares of Advanced Drainage Systems by 10.4% in the fourth quarter. Aristeia Capital L.L.C. now owns 5,287 shares of the construction company's stock valued at $611,000 after purchasing an additional 498 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. KeyCorp dropped their target price on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Stephens restated an "equal weight" rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Loop Capital decreased their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. StockNews.com raised shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Advanced Drainage Systems in a research note on Tuesday, April 1st. They issued a "buy" rating and a $134.00 price objective for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $149.25.

Advanced Drainage Systems Price Performance

WMS stock traded up $4.87 during mid-day trading on Monday, hitting $120.11. The stock had a trading volume of 257,965 shares, compared to its average volume of 584,277. The firm has a fifty day simple moving average of $108.80 and a 200 day simple moving average of $120.11. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $184.27. 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 firm has a market capitalization of $9.32 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.13 and a beta of 1.31.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. As a group, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems 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.