Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 4.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 44,254 shares of the construction company's stock after selling 2,203 shares during the period. New York State Teachers Retirement System owned about 0.06% of Advanced Drainage Systems worth $4,808,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WMS. Steward Partners Investment Advisory LLC raised its holdings in Advanced Drainage Systems by 59.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,203 shares of the construction company's stock worth $255,000 after purchasing an additional 818 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Advanced Drainage Systems by 5.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 593,562 shares of the construction company's stock worth $68,616,000 after buying an additional 31,510 shares in the last quarter. M&T Bank Corp raised its position in Advanced Drainage Systems by 52.6% in the 4th quarter. M&T Bank Corp now owns 12,000 shares of the construction company's stock worth $1,387,000 after buying an additional 4,137 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Advanced Drainage Systems in the 4th quarter worth about $1,981,000. Finally, Arizona State Retirement System raised its position in Advanced Drainage Systems by 6.4% in the 4th quarter. Arizona State Retirement System now owns 21,373 shares of the construction company's stock worth $2,471,000 after buying an additional 1,286 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Trading Down 2.5%

NYSE:WMS traded down $3.00 on Monday, reaching $115.80. The company's stock had a trading volume of 607,150 shares, compared to its average volume of 628,105. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $179.57. The company has a quick ratio of 2.10, a current ratio of 3.33 and a debt-to-equity ratio of 0.90. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.72 and a beta of 1.24. The stock has a 50 day moving average price of $115.11 and a 200 day moving average price of $114.41.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its earnings results on Thursday, May 15th. The construction company reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.09 by ($0.06). Advanced Drainage Systems had a net margin of 15.50% and a return on equity of 32.33%. The business had revenue of $615.76 million during the quarter, compared to analysts' expectations of $653.22 million. During the same quarter in the prior year, the firm earned $1.23 EPS. Advanced Drainage Systems's revenue for the quarter was down 5.8% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a dividend of $0.18 per share. This is a positive change from Advanced Drainage Systems's previous quarterly dividend of $0.16. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a yield of 0.62%. Advanced Drainage Systems's dividend payout ratio is presently 12.50%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WMS shares. Barclays boosted their target price on Advanced Drainage Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Deutsche Bank Aktiengesellschaft began coverage on Advanced Drainage Systems in a research note on Tuesday, April 1st. They set a "buy" rating and a $134.00 price target for the company. KeyCorp cut their price objective on Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Robert W. Baird cut their price objective on Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Finally, Wall Street Zen downgraded Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $139.88.

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.