Rockefeller Capital Management L.P. Buys 4,802 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Rockefeller Capital Management L.P. grew its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,642 shares of the construction company’s stock after acquiring an additional 4,802 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.10% of Advanced Drainage Systems worth $8,860,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. UMB Bank n.a. increased its holdings in shares of Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after purchasing an additional 88 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Advanced Drainage Systems by 12.0% during the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock valued at $116,000 after buying an additional 108 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Advanced Drainage Systems by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,390 shares of the construction company’s stock worth $276,000 after buying an additional 119 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in Advanced Drainage Systems by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company’s stock worth $231,000 after buying an additional 125 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake 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 acquiring an additional 137 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

NYSE:WMS opened at $103.53 on Thursday. The stock has a 50-day simple moving average of $111.49 and a two-hundred day simple moving average of $125.69. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week high of $184.27. The firm has a market capitalization of $8.03 billion, a PE ratio of 17.31, a P/E/G ratio of 1.13 and a beta of 1.48.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (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%. Analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.62%. Advanced Drainage Systems’s payout ratio is 10.70%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WMS. Barclays reduced their price target 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. Stephens reiterated 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. StockNews.com downgraded Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 1st. KeyCorp reduced their price objective 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. Finally, Loop Capital dropped their target price on 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. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and an average target price of $153.78.

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.