Mercer Global Advisors Inc. ADV bought a new position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,301 shares of the construction company's stock, valued at approximately $613,000.
A number of other institutional investors have also recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its stake in Advanced Drainage Systems by 50.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company's stock worth $11,186,000 after purchasing an additional 32,418 shares in the last quarter. KBC Group NV raised its holdings in Advanced Drainage Systems by 21.2% in the fourth quarter. KBC Group NV now owns 738,749 shares of the construction company's stock worth $85,399,000 after buying an additional 129,252 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Advanced Drainage Systems by 5.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 593,562 shares of the construction company's stock worth $68,616,000 after buying an additional 31,510 shares in the last quarter. D.B. Root & Company LLC grew its holdings in shares of Advanced Drainage Systems by 64.9% during the fourth quarter. D.B. Root & Company LLC now owns 5,658 shares of the construction company's stock valued at $654,000 after buying an additional 2,227 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Advanced Drainage Systems by 14.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 163,910 shares of the construction company's stock valued at $18,948,000 after acquiring an additional 20,146 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They issued a "buy" rating and a $134.00 price objective on the stock. KeyCorp reduced their price objective on Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. StockNews.com upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Monday, May 5th. Stephens reiterated an "equal weight" rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Finally, Barclays dropped their target price on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $149.25.
View Our Latest Research Report on WMS
Advanced Drainage Systems Stock Performance
Shares of NYSE:WMS traded down $1.41 during midday trading on Wednesday, hitting $122.14. The company had a trading volume of 1,244,727 shares, compared to its average volume of 591,448. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $184.27. The company has a fifty day moving average of $109.23 and a two-hundred day moving average of $119.95. The company has a market cap of $9.48 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.13 and a beta of 1.31. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98.
Advanced Drainage Systems Company Profile
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Free Report)
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.
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