DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Increases Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 59.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,231 shares of the construction company's stock after acquiring an additional 5,300 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Advanced Drainage Systems were worth $1,645,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of WMS. Assenagon Asset Management S.A. raised its stake in shares of Advanced Drainage Systems by 50.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company's stock valued at $11,186,000 after acquiring an additional 32,418 shares in the last quarter. Outlook Wealth Advisors LLC raised its stake in shares of Advanced Drainage Systems by 29.4% during the fourth quarter. Outlook Wealth Advisors LLC now owns 2,701 shares of the construction company's stock valued at $312,000 after acquiring an additional 613 shares in the last quarter. Foresight Group Ltd Liability Partnership raised its stake in shares of Advanced Drainage Systems by 16.3% during the fourth quarter. Foresight Group Ltd Liability Partnership now owns 7,828 shares of the construction company's stock valued at $899,000 after acquiring an additional 1,097 shares in the last quarter. UMB Bank n.a. raised its stake 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 valued at $90,000 after acquiring an additional 88 shares in the last quarter. Finally, Guinness Asset Management LTD raised its stake in shares of Advanced Drainage Systems by 38.3% during the fourth quarter. Guinness Asset Management LTD now owns 4,228 shares of the construction company's stock valued at $489,000 after acquiring an additional 1,171 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Wall Street Analyst Weigh In

WMS has been the subject of a number of recent research reports. 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. Loop Capital reduced their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, February 7th. StockNews.com raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Monday, May 5th. Barclays reduced 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 report on Tuesday, April 8th. Finally, KeyCorp lowered their price target 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $149.25.

Advanced Drainage Systems Stock Down 1.1%

WMS stock traded down $1.41 on Wednesday, hitting $122.14. 1,244,727 shares of the company's stock were exchanged, compared to its average volume of 591,695. The stock has a market cap of $9.48 billion, a P/E ratio of 20.42, 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, Inc. has a 12-month low of $93.92 and a 12-month high of $184.27. The firm has a 50 day moving average price of $109.23 and a two-hundred day moving average price of $119.95.

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.