Nuveen Asset Management LLC Has $19.15 Million Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Nuveen Asset Management LLC cut its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,631 shares of the construction company's stock after selling 8,978 shares during the period. Nuveen Asset Management LLC owned 0.21% of Advanced Drainage Systems worth $19,147,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Millennium Management LLC increased its holdings in shares of Advanced Drainage Systems by 92.7% during the fourth quarter. Millennium Management LLC now owns 136,718 shares of the construction company's stock valued at $15,805,000 after purchasing an additional 65,760 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Advanced Drainage Systems by 5.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 544,151 shares of the construction company's stock valued at $62,904,000 after purchasing an additional 29,852 shares during the period. J. Goldman & Co LP acquired a new position in shares of Advanced Drainage Systems during the fourth quarter valued at $6,697,000. Janus Henderson Group PLC increased its holdings in shares of Advanced Drainage Systems by 9.3% during the fourth quarter. Janus Henderson Group PLC now owns 644,056 shares of the construction company's stock valued at $74,444,000 after purchasing an additional 54,916 shares during the period. Finally, Gotham Asset Management LLC increased its holdings in shares of Advanced Drainage Systems by 2.0% during the fourth quarter. Gotham Asset Management LLC now owns 46,058 shares of the construction company's stock valued at $5,324,000 after purchasing an additional 886 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Trading Up 1.1%

Shares of NYSE:WMS traded up $1.22 during midday trading on Thursday, reaching $109.42. The company had a trading volume of 91,856 shares, compared to its average volume of 657,512. 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 1-year low of $93.92 and a 1-year high of $179.57. The firm has a market cap of $8.49 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31. The company has a fifty day simple moving average of $110.23 and a two-hundred day simple moving average of $117.34.

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. Research analysts predict 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 will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.18 dividend. This is a positive change from Advanced Drainage Systems's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.66%. Advanced Drainage Systems's dividend payout ratio (DPR) is 12.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WMS. Deutsche Bank Aktiengesellschaft began coverage on Advanced Drainage Systems in a report on Tuesday, April 1st. They set a "buy" rating and a $134.00 price target on the stock. Barclays raised their price target on Advanced Drainage Systems from $130.00 to $135.00 and gave the company an "overweight" rating 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. 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. Finally, Stephens reaffirmed an "equal weight" rating and set a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.