MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $62.90 Million Stake in Advanced Drainage Systems, Inc. (NYSE:WMS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 544,151 shares of the construction company's stock after purchasing an additional 29,852 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.70% of Advanced Drainage Systems worth $62,904,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its stake in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after acquiring an additional 88 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of Advanced Drainage Systems during the fourth quarter valued at about $94,000. First Horizon Advisors Inc. grew its stake in shares of Advanced Drainage Systems by 18.3% during the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock valued at $102,000 after acquiring an additional 137 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Advanced Drainage Systems by 12.0% during the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock valued at $116,000 after acquiring an additional 108 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of Advanced Drainage Systems by 1,298.6% during the fourth quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock worth $118,000 after purchasing an additional 948 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS traded up $4.19 during mid-day trading on Friday, reaching $121.73. 907,524 shares of the company traded hands, compared to its average volume of 596,889. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week high of $181.03. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. The firm has a market cap of $9.44 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31. The stock has a fifty day simple moving average of $109.69 and a 200-day simple moving average of $119.30.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The construction company reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.09 by ($0.06). The company had revenue of $615.76 million for the quarter, compared to analyst estimates of $653.22 million. Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Advanced Drainage Systems's revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.23 EPS. Equities 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 $0.18 dividend. This is a positive change from Advanced Drainage Systems's previous quarterly dividend of $0.16. The ex-dividend date is Friday, May 30th. This represents a $0.72 annualized dividend and a yield of 0.59%. Advanced Drainage Systems's payout ratio is 10.70%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WMS. Stephens reaffirmed an "equal weight" rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 7th. UBS Group cut their target price on shares of Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating on the stock in a report on Friday. Loop Capital cut their target price on shares of Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a report on Friday. StockNews.com raised shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Monday, May 5th. Finally, Barclays raised their target price on shares of Advanced Drainage Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday. Two research 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, Advanced Drainage Systems has an average rating of "Moderate Buy" and a consensus price target of $139.88.

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.