Schonfeld Strategic Advisors LLC Sells 6,500 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Schonfeld Strategic Advisors LLC lessened its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 105,307 shares of the construction company's stock after selling 6,500 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.14% of Advanced Drainage Systems worth $12,173,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. UMB Bank n.a. raised its position in Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after purchasing an additional 88 shares during the period. 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. increased its position 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 worth $102,000 after acquiring an additional 137 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Advanced Drainage Systems by 12.0% in the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock worth $116,000 after acquiring an additional 108 shares in the last quarter. Finally, Headlands Technologies LLC grew its stake in Advanced Drainage Systems by 1,298.6% during the 4th quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock valued at $118,000 after purchasing an additional 948 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

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

Advanced Drainage Systems Stock Performance

WMS traded down $0.79 during trading on Tuesday, hitting $114.30. The stock had a trading volume of 165,873 shares, compared to its average volume of 575,981. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $184.27. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The firm has a market cap of $8.87 billion, a PE ratio of 19.14, a P/E/G ratio of 1.13 and a beta of 1.31. The company has a 50 day simple moving average of $108.46 and a 200-day simple moving average of $121.18.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates 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 expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 10.70%.

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.