Focus Partners Wealth Sells 3,561 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Focus Partners Wealth lessened its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 21.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,367 shares of the construction company's stock after selling 3,561 shares during the period. Focus Partners Wealth's holdings in Advanced Drainage Systems were worth $1,545,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Advanced Drainage Systems in the fourth quarter valued at approximately $86,185,000. Impax Asset Management Group plc lifted its stake in shares of Advanced Drainage Systems by 34.6% in the fourth 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 during the period. First Trust Advisors LP increased its position in shares of Advanced Drainage Systems by 45.8% during the fourth 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. T. Rowe Price Investment Management Inc. bought a new position in shares of Advanced Drainage Systems during the 4th quarter worth about $46,997,000. Finally, Amundi boosted its holdings in Advanced Drainage Systems by 72.2% during the fourth quarter. Amundi now owns 854,764 shares of the construction company's stock valued at $98,678,000 after purchasing an additional 358,271 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on WMS shares. Loop Capital cut 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. StockNews.com upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Monday, May 5th. Robert W. Baird reduced their price objective on shares of Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating on the stock in a research note on Friday. Barclays boosted their price objective on shares of Advanced Drainage Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Advanced Drainage Systems in a report on Tuesday, April 1st. They issued a "buy" rating and a $134.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $139.88.

Advanced Drainage Systems Trading Down 0.8%

Shares of NYSE:WMS traded down $0.98 during midday trading on Tuesday, hitting $118.32. 747,633 shares of the stock were exchanged, compared to its average volume of 597,605. The business's 50-day moving average price is $109.88 and its 200 day moving average price is $118.88. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $181.03. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 19.79, a P/E/G ratio of 1.13 and a beta of 1.31.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly 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). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. The company had revenue of $615.76 million during the quarter, compared to analyst estimates of $653.22 million. During the same period in the previous year, the company posted $1.23 EPS. The company's quarterly revenue was down 5.8% on a year-over-year basis. Analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Increases Dividend

The company also recently disclosed 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 represents a $0.72 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Friday, May 30th. This is a boost from Advanced Drainage Systems's previous quarterly dividend of $0.16. Advanced Drainage Systems's dividend payout ratio (DPR) is 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.