Swiss National Bank Has $19.63 Million Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Swiss National Bank lessened its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,600 shares of the construction company's stock after selling 17,300 shares during the period. Swiss National Bank owned approximately 0.18% of Advanced Drainage Systems worth $19,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. abrdn plc raised its position in shares of Advanced Drainage Systems by 164.6% during the 4th quarter. abrdn plc now owns 377,587 shares of the construction company's stock worth $53,104,000 after acquiring an additional 234,883 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Advanced Drainage Systems in the fourth quarter worth $32,122,000. William Blair Investment Management LLC raised its holdings in shares of Advanced Drainage Systems by 13.3% in the third quarter. William Blair Investment Management LLC now owns 1,445,326 shares of the construction company's stock worth $164,521,000 after acquiring an additional 169,517 shares during the last quarter. Adage Capital Partners GP L.L.C. acquired a new position in shares of Advanced Drainage Systems in the third quarter worth $17,074,000. Finally, Invesco Ltd. grew its position in shares of Advanced Drainage Systems by 8.1% in the third quarter. Invesco Ltd. now owns 1,385,780 shares of the construction company's stock valued at $157,743,000 after purchasing an additional 104,272 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Stephens boosted their price target on Advanced Drainage Systems from $138.00 to $182.00 and gave the company an "overweight" rating in a research report on Friday, February 9th. Northcoast Research assumed coverage on Advanced Drainage Systems in a research note on Wednesday. They set a "buy" rating and a $190.00 price objective on the stock. Oppenheimer upped their target price on Advanced Drainage Systems from $172.00 to $180.00 and gave the company an "outperform" rating in a report on Thursday, April 18th. StockNews.com raised Advanced Drainage Systems from a "hold" rating to a "buy" rating in a report on Wednesday, May 1st. Finally, KeyCorp lifted their price target on Advanced Drainage Systems from $160.00 to $185.00 and gave the company an "overweight" rating in a research report on Friday, February 9th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $162.56.

Insider Transactions at Advanced Drainage Systems

In other news, Director Ross M. Jones sold 762,895 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $163.00, for a total value of $124,351,885.00. Following the transaction, the director now directly owns 70,749 shares of the company's stock, valued at approximately $11,532,087. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Ross M. Jones sold 762,895 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $163.00, for a total value of $124,351,885.00. Following the completion of the transaction, the director now owns 70,749 shares in the company, valued at approximately $11,532,087. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael G. Huebert sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $163.52, for a total transaction of $1,635,200.00. Following the completion of the transaction, the executive vice president now owns 13,450 shares of the company's stock, valued at approximately $2,199,344. The disclosure for this sale can be found here. 3.79% of the stock is owned by company insiders.

Advanced Drainage Systems Price Performance

NYSE WMS traded up $0.09 during trading on Friday, reaching $172.44. 337,455 shares of the company traded hands, compared to its average volume of 452,333. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.04 and a current ratio of 3.03. The stock's 50 day moving average price is $164.89 and its two-hundred day moving average price is $143.49. The company has a market cap of $13.38 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 1.49 and a beta of 1.51. Advanced Drainage Systems, Inc. has a 1-year low of $84.71 and a 1-year high of $176.31.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its earnings results on Thursday, February 8th. The construction company reported $1.37 EPS for the quarter, topping the consensus estimate of $0.93 by $0.44. The business had revenue of $662.37 million for the quarter, compared to the consensus estimate of $632.69 million. Advanced Drainage Systems had a return on equity of 49.79% and a net margin of 17.65%. Advanced Drainage Systems's revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 EPS. As a group, analysts anticipate that Advanced Drainage Systems, Inc. will post 6.09 EPS for the current year.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.