Segall Bryant & Hamill LLC Lowers Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Segall Bryant & Hamill LLC cut its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 13.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,762 shares of the construction company's stock after selling 7,603 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.06% of Advanced Drainage Systems worth $5,189,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of WMS. Vanguard Group Inc. lifted its stake in shares of Advanced Drainage Systems by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company's stock valued at $847,610,000 after purchasing an additional 52,799 shares during the period. Impax Asset Management Group plc boosted its stake in Advanced Drainage Systems by 14.8% during the first quarter. Impax Asset Management Group plc now owns 2,904,414 shares of the construction company's stock valued at $314,700,000 after buying an additional 374,414 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Advanced Drainage Systems by 63.2% during the fourth 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 valued at $238,659,000 after buying an additional 799,569 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Advanced Drainage Systems by 45.8% in 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 purchasing an additional 544,109 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Advanced Drainage Systems by 1.2% in the fourth quarter. American Century Companies Inc. now owns 1,402,447 shares of the construction company's stock worth $162,123,000 after buying an additional 16,415 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Price Performance

NYSE:WMS traded down $0.94 during trading hours on Monday, hitting $110.81. 365,871 shares of the stock were exchanged, compared to its average volume of 632,365. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week high of $179.57. The firm's fifty day moving average price is $115.57 and its 200 day moving average price is $114.46. The company has a current ratio of 3.33, a quick ratio of 2.10 and a debt-to-equity ratio of 0.90. The company has a market cap of $8.60 billion, a P/E ratio of 19.00, a P/E/G ratio of 1.62 and a beta of 1.24.

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

Advanced Drainage Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a $0.18 dividend. The ex-dividend date was Friday, May 30th. This is a positive change 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%. Advanced Drainage Systems's dividend payout ratio (DPR) is 12.50%.

Analyst Ratings Changes

Several research firms have commented on WMS. Wall Street Zen upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Friday. UBS Group reduced their price objective on Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating on the stock in a report on Friday, May 16th. KeyCorp reduced their price objective on Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird cut their price target on Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Finally, Oppenheimer cut their price target 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of "Moderate Buy" and a consensus price target 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.