Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Thematics Asset Management

Thematics Asset Management trimmed its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 87,500 shares of the construction company's stock after selling 6,000 shares during the period. Thematics Asset Management owned 0.11% of Advanced Drainage Systems worth $10,115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in WMS. UMB Bank n.a. grew its position in shares of 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 last quarter. Spire Wealth Management purchased a new stake in Advanced Drainage Systems in the 4th quarter valued at approximately $94,000. First Horizon Advisors Inc. grew its holdings in Advanced Drainage Systems by 18.3% during the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock valued at $102,000 after buying an additional 137 shares during the last quarter. Blue Trust Inc. increased its position in Advanced Drainage Systems by 12.0% during the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock worth $116,000 after buying an additional 108 shares in the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of Advanced Drainage Systems by 1,298.6% in the fourth quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock worth $118,000 after acquiring an additional 948 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price objective for the company in a research report on Wednesday, January 8th. Stephens reiterated an "equal weight" rating and set a $135.00 price target on shares of Advanced Drainage Systems in a report on Friday, February 7th. StockNews.com downgraded shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. Barclays lowered their target price on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Loop Capital cut their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $153.78.

Advanced Drainage Systems Trading Up 0.2 %

Advanced Drainage Systems stock traded up $0.25 during midday trading on Friday, reaching $111.38. The stock had a trading volume of 302,362 shares, compared to its average volume of 573,384. The stock has a market capitalization of $8.64 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The stock's 50-day simple moving average is $109.01 and its 200 day simple moving average is $123.61. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $184.27.

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

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is presently 10.70%.

About Advanced Drainage Systems

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.