Advanced Drainage Systems, Inc. (NYSE:WMS) Stock Position Lessened by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 36.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,503 shares of the construction company's stock after selling 14,169 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Advanced Drainage Systems were worth $2,833,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. EDENTREE ASSET MANAGEMENT Ltd raised its stake in shares of Advanced Drainage Systems by 122.9% during the 4th quarter. EDENTREE ASSET MANAGEMENT Ltd now owns 15,055 shares of the construction company's stock worth $1,740,000 after buying an additional 8,300 shares during the last quarter. Novem Group acquired a new position in shares of Advanced Drainage Systems during the 4th quarter worth $689,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Advanced Drainage Systems by 63.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,064,527 shares of the construction company's stock worth $238,659,000 after buying an additional 799,569 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in shares of Advanced Drainage Systems during the 4th quarter worth $42,160,000. Finally, Woodline Partners LP raised its stake in shares of Advanced Drainage Systems by 235.0% during the 4th quarter. Woodline Partners LP now owns 141,128 shares of the construction company's stock worth $16,314,000 after buying an additional 99,003 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WMS shares. UBS Group cut their price target on Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating for the company in a research note on Friday, May 16th. KeyCorp dropped their price objective on Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Loop Capital lowered their price target on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating for the company in a report on Friday, May 16th. Barclays lifted their price objective on 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, Deutsche Bank Aktiengesellschaft initiated coverage on Advanced Drainage Systems in a research note on Tuesday, April 1st. They issued a "buy" rating and a $134.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Advanced Drainage Systems presently has an average rating of "Moderate Buy" and an average price target of $139.88.

Advanced Drainage Systems Stock Up 2.3%

Shares of WMS traded up $2.51 during trading on Wednesday, reaching $113.25. The company's stock had a trading volume of 606,692 shares, compared to its average volume of 605,662. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $179.57. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 1.13 and a beta of 1.26. The company has a fifty day moving average of $110.21 and a two-hundred day moving average of $116.59.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $615.76 million for the quarter, compared to analyst estimates 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 was down 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 earnings per share. On average, sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a dividend of $0.18 per share. 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 0.64%. The ex-dividend date is Friday, May 30th. Advanced Drainage Systems's dividend payout ratio is presently 12.50%.

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.