Union Bancaire Privee UBP SA Reduces Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Union Bancaire Privee UBP SA cut its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 28.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised 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 raised its stake in shares of Advanced Drainage Systems by 34.6% in 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 purchasing an additional 650,052 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Advanced Drainage Systems by 63.2% in 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 valued at $238,659,000 after purchasing an additional 799,569 shares during the period. First Trust Advisors LP raised 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 period. Finally, American Century Companies Inc. raised its stake in shares of Advanced Drainage Systems by 1.2% in 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 purchasing an additional 16,415 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. 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 research report on Friday, May 16th. Robert W. Baird lowered their target price on Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Barclays lifted their target price on Advanced Drainage Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a research 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 research report on Friday, May 16th. Finally, UBS Group lowered 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. One investment 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.88.

Advanced Drainage Systems Stock Down 2.2%

NYSE WMS traded down $2.54 during trading hours on Friday, hitting $113.05. The company's stock had a trading volume of 908,661 shares, compared to its average volume of 612,635. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $179.57. The company's 50-day simple moving average is $111.85 and its two-hundred day simple moving average is $115.61. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $8.78 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25.

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 (EPS) 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 business had revenue of $615.76 million for the quarter, compared to the consensus estimate of $653.22 million. During the same period in the previous year, the firm earned $1.23 EPS. The company's revenue was down 5.8% compared to the same quarter last year. Research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.64%. 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. Advanced Drainage Systems's dividend payout ratio is presently 12.50%.

About Advanced Drainage Systems

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.