Advanced Drainage Systems, Inc. (NYSE:WMS) Position Cut by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lessened its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 28.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,213 shares of the construction company's stock after selling 12,522 shares during the period. Union Bancaire Privee UBP SA's holdings in Advanced Drainage Systems were worth $3,471,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. NBC Securities Inc. bought a new stake in Advanced Drainage Systems during the first quarter valued at about $26,000. Mascagni Wealth Management Inc. bought a new stake in shares of Advanced Drainage Systems in the 4th quarter valued at about $74,000. GAMMA Investing LLC grew its position in shares of Advanced Drainage Systems by 167.1% in 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 during the last quarter. First Horizon Advisors Inc. grew its position in shares of Advanced Drainage Systems by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock worth $102,000 after buying an additional 137 shares during the last quarter. Finally, Headlands Technologies LLC raised its stake in shares of 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 acquiring an additional 948 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. UBS Group cut their target price on Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. Oppenheimer lowered 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 report on Friday, May 16th. Barclays raised their price objective on Advanced Drainage Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Wall Street Zen downgraded shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Loop Capital lowered 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 note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Advanced Drainage Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.88.

Advanced Drainage Systems Stock Down 1.3%

Shares of NYSE WMS traded down $1.53 during trading on Thursday, reaching $115.57. 658,338 shares of the stock were exchanged, compared to its average volume of 610,143. The business's 50-day moving average price is $111.21 and its 200 day moving average price is $116.11. 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 capitalization of $8.97 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $179.57.

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 analysts' consensus estimates of $1.09 by ($0.06). The business had revenue of $615.76 million during the quarter, compared to analysts' expectations of $653.22 million. Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. The company's revenue for the quarter was down 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 EPS. As a group, equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 0.62%. This is a positive change from Advanced Drainage Systems's previous quarterly dividend of $0.16. Advanced Drainage Systems's dividend payout ratio is currently 12.50%.

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.