Nissay Asset Management Corp Japan ADV Reduces Stake in Advanced Drainage Systems, Inc. (NYSE:WMS)

Nissay Asset Management Corp Japan ADV reduced its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 27.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,695 shares of the construction company's stock after selling 29,544 shares during the period. Nissay Asset Management Corp Japan ADV owned about 0.10% of Advanced Drainage Systems worth $8,864,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Advanced Drainage Systems by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company's stock worth $847,610,000 after buying an additional 52,799 shares in the last quarter. Impax Asset Management Group plc boosted its stake in Advanced Drainage Systems by 34.6% during the fourth quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company's stock worth $291,723,000 after buying an additional 650,052 shares during the last quarter. First Trust Advisors LP boosted its stake in 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 worth $200,315,000 after buying an additional 544,109 shares during the last quarter. American Century Companies Inc. boosted its stake in Advanced Drainage Systems by 1.2% during the fourth quarter. American Century Companies Inc. now owns 1,402,447 shares of the construction company's stock worth $162,123,000 after buying an additional 16,415 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Advanced Drainage Systems by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 1,192,746 shares of the construction company's stock worth $137,924,000 after buying an additional 5,868 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Trading Down 2.2%

Shares of Advanced Drainage Systems stock traded down $2.62 during trading hours on Monday, hitting $119.24. The company's stock had a trading volume of 626,124 shares, compared to its average volume of 597,006. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $181.03. The firm has a fifty day moving average of $109.69 and a 200-day moving average of $119.09. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 1.13 and a beta of 1.31. 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 (NYSE:WMS - Get Free Report) last posted its earnings results on Thursday, May 15th. The construction company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.06). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. The firm had revenue of $615.76 million for the quarter, compared to analyst estimates of $653.22 million. During the same period in the previous year, the company posted $1.23 EPS. Advanced Drainage Systems's revenue was down 5.8% on a year-over-year basis. Research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.18 per share. This is an increase 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 0.60%. Advanced Drainage Systems's dividend payout ratio is 12.50%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WMS. Barclays boosted their price objective on Advanced Drainage Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Friday. StockNews.com raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Monday, May 5th. Loop Capital lowered their price objective on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a research note on Friday. UBS Group lowered their price objective on Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Oppenheimer decreased their price target on Advanced Drainage Systems from $165.00 to $160.00 and set an "outperform" rating on the stock in a research note on Friday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $139.88.

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.