Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Fernbridge Capital Management LP

Fernbridge Capital Management LP lessened its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 243,748 shares of the construction company's stock after selling 9,801 shares during the quarter. Advanced Drainage Systems makes up 1.5% of Fernbridge Capital Management LP's portfolio, making the stock its 18th largest holding. Fernbridge Capital Management LP owned 0.31% of Advanced Drainage Systems worth $28,177,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. UMB Bank n.a. raised 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 valued at $90,000 after buying an additional 88 shares during the last quarter. Spire Wealth Management purchased a new stake in Advanced Drainage Systems in the 4th quarter worth $94,000. First Horizon Advisors Inc. boosted its holdings in shares of Advanced Drainage Systems by 18.3% during the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock valued at $102,000 after purchasing an additional 137 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Advanced Drainage Systems by 12.0% in 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 during the last quarter. Finally, Headlands Technologies LLC grew its holdings in Advanced Drainage Systems by 1,298.6% during the 4th quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock valued at $118,000 after buying an additional 948 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on WMS. StockNews.com downgraded shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target on the stock in a report on Wednesday, January 8th. Barclays lowered 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. KeyCorp reduced 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. Finally, Stephens reaffirmed an "equal weight" rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $153.78.

Advanced Drainage Systems Stock Performance

WMS stock traded up $2.79 during trading on Friday, reaching $116.40. The company had a trading volume of 155,975 shares, compared to its average volume of 575,197. 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 twelve month low of $93.92 and a twelve month high of $184.27. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. The firm has a 50-day simple moving average of $108.43 and a 200-day simple moving average of $122.22.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings data 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%. As a group, sell-side analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 0.55%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is currently 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.