ING Groep NV Takes Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

ING Groep NV bought a new position in Advanced Drainage Systems, Inc. (NYSE:WMS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 16,100 shares of the construction company’s stock, valued at approximately $1,861,000.

A number of other institutional investors have also bought and sold shares of the business. CWM LLC raised its stake in Advanced Drainage Systems by 18.1% during the 3rd quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after purchasing an additional 85 shares during the period. Creative Planning raised its position in shares of Advanced Drainage Systems by 149.1% during the third quarter. Creative Planning now owns 11,710 shares of the construction company’s stock valued at $1,840,000 after buying an additional 7,009 shares during the last quarter. Swedbank AB lifted its holdings in shares of Advanced Drainage Systems by 5.8% in the third quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock worth $217,553,000 after buying an additional 75,455 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Advanced Drainage Systems by 418.5% during the third quarter. Blue Trust Inc. now owns 897 shares of the construction company’s stock worth $144,000 after acquiring an additional 724 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in Advanced Drainage Systems by 16.8% during the third quarter. Private Advisor Group LLC now owns 12,724 shares of the construction company’s stock valued at $2,000,000 after acquiring an additional 1,834 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

WMS has been the topic of a number of research analyst reports. KeyCorp decreased their target price on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Oppenheimer lowered their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Loop Capital cut their target price on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, February 7th. UBS Group raised shares of 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, Robert W. Baird dropped their price objective on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.25.

Advanced Drainage Systems Stock Performance

Shares of Advanced Drainage Systems stock opened at $114.50 on Monday. Advanced Drainage Systems, Inc. has a 52 week low of $110.75 and a 52 week high of $184.27. The company has a market capitalization of $8.88 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52. The stock’s fifty day moving average is $120.01 and its two-hundred day moving average is $137.01. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93.

Advanced Drainage Systems (NYSE:WMS) last posted 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 return on equity of 35.79% and a net margin of 15.90%. As a group, analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.56%. 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.