IQ EQ FUND MANAGEMENT IRELAND Ltd Has $1.08 Million Stake in Advanced Drainage Systems, Inc. (NYSE:WMS)

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 29.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,718 shares of the construction company’s stock after selling 2,746 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Advanced Drainage Systems were worth $1,078,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Advanced Drainage Systems by 5.8% during the first quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company’s stock worth $1,251,353,000 after acquiring an additional 395,099 shares in the last quarter. Boston Partners grew its holdings in shares of Advanced Drainage Systems by 16.9% during the first quarter. Boston Partners now owns 1,519,118 shares of the construction company’s stock worth $261,609,000 after purchasing an additional 219,629 shares during the last quarter. Swedbank AB grew its holdings in shares of Advanced Drainage Systems by 2.1% during the second quarter. Swedbank AB now owns 1,308,821 shares of the construction company’s stock worth $209,922,000 after purchasing an additional 26,581 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Advanced Drainage Systems by 0.4% during the first quarter. Canada Pension Plan Investment Board now owns 1,162,388 shares of the construction company’s stock worth $200,210,000 after purchasing an additional 4,100 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Advanced Drainage Systems by 78.5% during the fourth quarter. KBC Group NV now owns 659,483 shares of the construction company’s stock worth $92,750,000 after purchasing an additional 289,925 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Down 0.2 %

WMS stock traded down $0.34 during trading on Thursday, hitting $156.09. The company had a trading volume of 300,086 shares, compared to its average volume of 502,862. The business has a 50-day moving average of $159.78 and a 200-day moving average of $164.33. Advanced Drainage Systems, Inc. has a one year low of $102.32 and a one year high of $184.27. The stock has a market cap of $12.10 billion, a PE ratio of 24.24, a PEG ratio of 1.34 and a beta of 1.55. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 1.04.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend is Friday, August 30th. Advanced Drainage Systems’s payout ratio is 9.94%.

Insiders Place Their Bets

In other Advanced Drainage Systems news, EVP Michael G. Huebert sold 10,000 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $172.58, for a total transaction of $1,725,800.00. Following the transaction, the executive vice president now directly owns 7,225 shares in the company, valued at approximately $1,246,890.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Advanced Drainage Systems news, insider Tim A. Makowski sold 3,800 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $170.68, for a total transaction of $648,584.00. Following the transaction, the insider now directly owns 4,530 shares in the company, valued at approximately $773,180.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael G. Huebert sold 10,000 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $172.58, for a total value of $1,725,800.00. Following the transaction, the executive vice president now owns 7,225 shares in the company, valued at $1,246,890.50. The disclosure for this sale can be found here. Company insiders own 2.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on WMS shares. Northcoast Research started coverage on Advanced Drainage Systems in a report on Wednesday, May 8th. They set a “buy” rating and a $190.00 price target on the stock. Robert W. Baird reduced their price target on Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Loop Capital reduced their price target on Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Oppenheimer restated an “outperform” rating and set a $192.00 price target on shares of Advanced Drainage Systems in a report on Thursday, August 15th. Finally, StockNews.com cut Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $190.14.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.