Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lessened its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 63.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,662 shares of the construction company's stock after selling 21,811 shares during the period. Jane Street Group LLC's holdings in Advanced Drainage Systems were worth $1,464,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in shares of Advanced Drainage Systems by 12.7% during the 4th 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 in the last quarter. Blue Trust Inc. lifted its stake in shares of Advanced Drainage Systems by 12.0% in the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock valued at $116,000 after purchasing an additional 108 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Advanced Drainage Systems by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,390 shares of the construction company's stock valued at $276,000 after purchasing an additional 119 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its stake in Advanced Drainage Systems by 7.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company's stock valued at $231,000 after buying an additional 125 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Advanced Drainage Systems by 18.3% during the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock valued at $102,000 after buying an additional 137 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. 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. 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, May 16th. Robert W. Baird lowered their target price on Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. 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, May 16th. Finally, UBS Group reduced their price target on Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating for the company in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Advanced Drainage Systems has an average rating of "Moderate Buy" and an average target price of $139.88.

Advanced Drainage Systems Price Performance

WMS stock traded up $0.10 during trading on Thursday, hitting $111.14. The stock had a trading volume of 858,956 shares, compared to its average volume of 600,449. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $179.57. The stock has a market capitalization of $8.62 billion, a P/E ratio of 18.59, a PEG ratio of 1.13 and a beta of 1.31. The company's 50-day moving average price is $110.20 and its two-hundred day moving average price is $118.82.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The construction company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.06). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. The firm had revenue of $615.76 million during the quarter, compared to analyst estimates of $653.22 million. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The company's quarterly revenue was down 5.8% on a year-over-year basis. As a group, research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal 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 issued a $0.18 dividend. The ex-dividend date is Friday, May 30th. This is a boost from Advanced Drainage Systems's previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 0.65%. 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.