Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Bought by Man Group plc

Man Group plc grew its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,860 shares of the construction company's stock after purchasing an additional 2,700 shares during the period. Man Group plc owned approximately 0.09% of Advanced Drainage Systems worth $8,307,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WMS. UMB Bank n.a. increased its holdings 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 purchasing an additional 88 shares during the period. Guinness Asset Management LTD grew its holdings in 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 worth $489,000 after acquiring an additional 1,171 shares during the period. Janney Montgomery Scott LLC grew its holdings in Advanced Drainage Systems by 14.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 163,910 shares of the construction company's stock worth $18,948,000 after acquiring an additional 20,146 shares during the period. D.B. Root & Company LLC grew its holdings in Advanced Drainage Systems by 64.9% during the fourth quarter. D.B. Root & Company LLC now owns 5,658 shares of the construction company's stock worth $654,000 after acquiring an additional 2,227 shares during the period. Finally, Lifestyle Asset Management Inc. grew its holdings in Advanced Drainage Systems by 4.8% during the fourth quarter. Lifestyle Asset Management Inc. now owns 7,417 shares of the construction company's stock worth $857,000 after acquiring an additional 338 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. UBS Group lowered their target price on Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating on the stock in a report on Friday. Oppenheimer lowered their target price on Advanced Drainage Systems from $165.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on Advanced Drainage Systems in a report on Tuesday, April 1st. They set a "buy" rating and a $134.00 target price on the stock. Loop Capital lowered their target price on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a report on Friday. Finally, KeyCorp lowered their target price on 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 investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.88.

Advanced Drainage Systems Trading Down 2.2%

NYSE:WMS opened at $119.24 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $181.03. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31. The stock has a fifty day simple moving average of $109.88 and a 200 day simple moving average of $118.88.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings results 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 company had revenue of $615.76 million during the quarter, compared to analyst estimates of $653.22 million. During the same quarter last year, the business earned $1.23 EPS. The company's revenue for the quarter was down 5.8% compared to the same quarter last year. Sell-side analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a $0.18 dividend. This is an increase from Advanced Drainage Systems's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Friday, May 30th. Advanced Drainage Systems's dividend payout ratio is currently 12.50%.

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.

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