Hsbc Holdings PLC Has $8.33 Million Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Hsbc Holdings PLC lowered its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 10.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,034 shares of the construction company's stock after selling 8,006 shares during the quarter. Hsbc Holdings PLC owned about 0.09% of Advanced Drainage Systems worth $8,327,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in shares of Advanced Drainage Systems by 45.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,463 shares of the construction company's stock worth $400,000 after purchasing an additional 1,083 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Advanced Drainage Systems by 64.6% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 102,785 shares of the construction company's stock valued at $11,882,000 after acquiring an additional 40,348 shares during the period. MetLife Investment Management LLC raised its holdings in Advanced Drainage Systems by 8.7% in the 4th quarter. MetLife Investment Management LLC now owns 40,936 shares of the construction company's stock valued at $4,732,000 after acquiring an additional 3,274 shares in the last quarter. Ostrum Asset Management lifted its position in shares of Advanced Drainage Systems by 13.0% in the 4th quarter. Ostrum Asset Management now owns 5,106 shares of the construction company's stock worth $590,000 after acquiring an additional 587 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Advanced Drainage Systems by 2.5% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,225 shares of the construction company's stock worth $951,000 after purchasing an additional 202 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on WMS shares. KeyCorp reduced their target price 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. Deutsche Bank Aktiengesellschaft started coverage on shares of Advanced Drainage Systems in a research report on Tuesday, April 1st. They set a "buy" rating and a $134.00 target price on the stock. Barclays dropped their price target on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Stephens reissued an "equal weight" rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a report on Friday, February 7th. Finally, StockNews.com cut shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.78.

Advanced Drainage Systems Trading Up 2.3 %

Advanced Drainage Systems stock traded up $2.59 during trading hours on Friday, reaching $116.20. 499,772 shares of the company's stock traded hands, compared to its average volume of 578,357. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week high of $184.27. The firm's 50 day moving average is $108.43 and its 200-day moving average is $121.47. 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 firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.13 and a beta of 1.31.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. On average, analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.55%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's payout ratio is presently 10.70%.

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.