Invesco Ltd. Trims Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Invesco Ltd. trimmed its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,688,544 shares of the construction company's stock after selling 20,652 shares during the quarter. Invesco Ltd. owned 2.18% of Advanced Drainage Systems worth $195,196,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. UMB Bank n.a. grew its holdings in Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after buying an additional 88 shares during the period. Blue Trust Inc. grew its position in shares of Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock valued at $116,000 after buying an additional 108 shares during the last quarter. CIBC Asset Management Inc boosted its position in Advanced Drainage Systems by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,390 shares of the construction company's stock valued at $276,000 after purchasing an additional 119 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its position in Advanced Drainage Systems by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company's stock worth $231,000 after purchasing an additional 125 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Advanced Drainage Systems by 18.3% during the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock worth $102,000 after acquiring an additional 137 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Trading Up 0.9 %

Shares of NYSE:WMS traded up $0.93 during trading on Thursday, reaching $104.55. The stock had a trading volume of 74,904 shares, compared to its average volume of 572,163. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.13 and a beta of 1.48. The firm's fifty day moving average is $111.49 and its 200 day moving average is $125.69. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $184.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. As a group, equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 10.70%.

Wall Street Analysts Forecast Growth

WMS has been the topic of a number of recent research reports. Stephens restated an "equal weight" rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. Barclays dropped their price target on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Loop Capital reduced their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft assumed coverage on 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. Finally, UBS Group upgraded shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price objective for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.78.

Advanced Drainage Systems 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.