Nuveen Asset Management LLC Lowers Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Nuveen Asset Management LLC decreased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 165,631 shares of the construction company's stock after selling 8,978 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.21% of Advanced Drainage Systems worth $19,147,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Advanced Drainage Systems by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company's stock valued at $847,610,000 after buying an additional 52,799 shares in the last quarter. Impax Asset Management Group plc lifted its stake in shares of Advanced Drainage Systems by 34.6% during the 4th quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company's stock valued at $291,723,000 after buying an additional 650,052 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Advanced Drainage Systems by 45.8% during the 4th quarter. First Trust Advisors LP now owns 1,732,827 shares of the construction company's stock valued at $200,315,000 after buying an additional 544,109 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Advanced Drainage Systems by 1.2% during the 4th quarter. American Century Companies Inc. now owns 1,402,447 shares of the construction company's stock valued at $162,123,000 after buying an additional 16,415 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Advanced Drainage Systems by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,192,746 shares of the construction company's stock valued at $137,924,000 after buying an additional 5,868 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Trading Up 1.4%

NYSE:WMS traded up $1.53 during mid-day trading on Tuesday, hitting $111.52. 839,916 shares of the stock traded hands, compared to its average volume of 602,758. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.13 and a beta of 1.31. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $179.57. The firm's 50 day moving average is $110.19 and its two-hundred day moving average is $117.45. 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 (NYSE:WMS - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The construction company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.06). The firm had revenue of $615.76 million for the quarter, compared to the consensus estimate of $653.22 million. Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. The business's revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.23 earnings per share. On average, equities 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 announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Friday, May 30th. Advanced Drainage Systems's dividend payout ratio is currently 12.50%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. KeyCorp lowered their target price on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. UBS Group decreased their price target on shares of Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Stephens reiterated an "equal weight" rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of Advanced Drainage Systems in a research report on Tuesday, April 1st. They set a "buy" rating and a $134.00 target price on the stock. Finally, Loop Capital decreased their target price on shares of Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.