Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Purchased by Mirova US LLC

Mirova US LLC boosted its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 18.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 407,588 shares of the construction company’s stock after purchasing an additional 63,625 shares during the period. Mirova US LLC’s holdings in Advanced Drainage Systems were worth $47,117,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Advanced Drainage Systems by 8.8% in the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock valued at $399,452,000 after purchasing an additional 206,105 shares in the last quarter. Impax Asset Management Group plc boosted its holdings in Advanced Drainage Systems by 34.6% in the 4th quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company’s stock valued at $291,723,000 after purchasing an additional 650,052 shares in the last quarter. Swedbank AB boosted its holdings in Advanced Drainage Systems by 5.8% in the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock valued at $217,553,000 after purchasing an additional 75,455 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Advanced Drainage Systems by 5.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company’s stock valued at $186,578,000 after purchasing an additional 59,158 shares in the last quarter. Finally, Amundi boosted its holdings in Advanced Drainage Systems by 72.2% in the 4th quarter. Amundi now owns 854,764 shares of the construction company’s stock valued at $98,678,000 after purchasing an additional 358,271 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays lowered their price objective on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Loop Capital decreased their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. StockNews.com raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. UBS Group raised Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Wednesday, January 8th. Finally, Stephens reissued an “equal weight” rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and an average target price of $164.25.

Advanced Drainage Systems Trading Up 1.1 %

Shares of WMS opened at $110.03 on Tuesday. The stock has a fifty day moving average of $118.34 and a two-hundred day moving average of $132.40. 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 company has a market capitalization of $8.54 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. Advanced Drainage Systems, Inc. has a fifty-two week low of $101.90 and a fifty-two week high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 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%. As a group, analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

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

Advanced Drainage Systems 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.