Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Icon Advisers Inc. Co.

Icon Advisers Inc. Co. reduced its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 11.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,652 shares of the construction company’s stock after selling 3,345 shares during the period. Icon Advisers Inc. Co.’s holdings in Advanced Drainage Systems were worth $2,850,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after buying an additional 88 shares during the period. Spire Wealth Management purchased a new stake in shares of Advanced Drainage Systems during the fourth quarter valued at $94,000. First Horizon Advisors Inc. boosted its holdings in shares of Advanced Drainage Systems by 18.3% in the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock worth $102,000 after buying an additional 137 shares during the period. Blue Trust Inc. grew its position in Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after purchasing an additional 108 shares in the last quarter. Finally, Headlands Technologies LLC raised its position in Advanced Drainage Systems by 1,298.6% during the fourth quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company’s stock valued at $118,000 after buying an additional 948 shares during the period. 89.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WMS has been the subject of a number of research reports. Barclays reduced their price objective on 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. StockNews.com downgraded Advanced Drainage Systems from a “hold” rating to a “sell” rating in a report on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of Advanced Drainage Systems in a research report on Tuesday, April 1st. They issued a “buy” rating and a $134.00 target price for the company. Stephens reiterated an “equal weight” rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a report on Friday, February 7th. Finally, KeyCorp reduced their price target on Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $153.78.

Advanced Drainage Systems Stock Up 1.8 %

NYSE WMS opened at $105.31 on Monday. The stock’s 50 day simple moving average is $112.30 and its 200 day simple moving average is $126.37. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. The firm has a market cap of $8.17 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year high of $184.27.

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

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is currently 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.