Price T Rowe Associates Inc. MD Has $11.49 Million Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Price T Rowe Associates Inc. MD lowered its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 99,401 shares of the construction company's stock after selling 28,077 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.13% of Advanced Drainage Systems worth $11,492,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pinebridge Investments L.P. raised its stake in shares of Advanced Drainage Systems by 21.4% during the fourth quarter. Pinebridge Investments L.P. now owns 19,540 shares of the construction company's stock worth $2,259,000 after purchasing an additional 3,441 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Advanced Drainage Systems during the 4th quarter worth approximately $225,000. Tower Research Capital LLC TRC grew its holdings in Advanced Drainage Systems by 45.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,463 shares of the construction company's stock valued at $400,000 after purchasing an additional 1,083 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Advanced Drainage Systems by 64.6% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 102,785 shares of the construction company's stock worth $11,882,000 after purchasing an additional 40,348 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in Advanced Drainage Systems by 8.7% in the 4th quarter. MetLife Investment Management LLC now owns 40,936 shares of the construction company's stock worth $4,732,000 after acquiring an additional 3,274 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Performance

WMS traded down $2.22 during trading hours on Wednesday, hitting $110.61. 469,006 shares of the stock were exchanged, compared to its average volume of 579,005. The stock has a 50-day simple moving average of $108.48 and a 200-day simple moving average of $121.12. 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, Inc. has a 12 month low of $93.92 and a 12 month high of $184.27. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.58%. Advanced Drainage Systems's dividend payout ratio is currently 10.70%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WMS shares. KeyCorp decreased their target price on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Barclays reduced their target price on Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. StockNews.com upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Monday. Stephens reiterated an "equal weight" rating and set a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. Finally, Loop Capital cut their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $153.78.

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.