New York State Teachers Retirement System Sells 2,203 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

New York State Teachers Retirement System lowered its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,254 shares of the construction company's stock after selling 2,203 shares during the quarter. New York State Teachers Retirement System owned about 0.06% of Advanced Drainage Systems worth $4,808,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. NBC Securities Inc. bought a new stake in shares of Advanced Drainage Systems in the 1st quarter worth about $26,000. Bessemer Group Inc. grew its holdings in shares of Advanced Drainage Systems by 76.2% in the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock worth $29,000 after purchasing an additional 115 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new position in Advanced Drainage Systems during the 4th quarter worth about $74,000. GAMMA Investing LLC lifted its position in Advanced Drainage Systems by 167.1% during the 1st quarter. GAMMA Investing LLC now owns 812 shares of the construction company's stock worth $88,000 after buying an additional 508 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position 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 worth $118,000 after buying an additional 948 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Trading Up 1.0%

Advanced Drainage Systems stock traded up $1.21 during mid-day trading on Tuesday, hitting $116.88. 34,526 shares of the company's stock were exchanged, compared to its average volume of 625,819. The firm has a market capitalization of $9.07 billion, a P/E ratio of 20.26, a PEG ratio of 1.72 and a beta of 1.24. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week 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 company's 50 day simple moving average is $115.18 and its 200-day simple moving average is $114.42.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced 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 15.50% and a return on equity of 32.33%. The company had revenue of $615.76 million during the quarter, compared to the consensus estimate of $653.22 million. During the same period in the previous year, the firm posted $1.23 EPS. The business's quarterly revenue 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 earnings per share for the current year.

Advanced Drainage Systems Increases Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WMS. Oppenheimer reduced their price target on shares of Advanced Drainage Systems from $165.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Deutsche Bank Aktiengesellschaft began coverage on shares of Advanced Drainage Systems in a research report on Tuesday, April 1st. They set a "buy" rating and a $134.00 price target on the stock. KeyCorp reduced 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 research report on Tuesday, April 8th. Barclays raised their target price on shares of Advanced Drainage Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Wall Street Zen lowered shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $139.88.

Advanced Drainage Systems 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.