Amundi Has $98.68 Million Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Amundi increased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 72.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 854,764 shares of the construction company’s stock after buying an additional 358,271 shares during the period. Amundi owned about 1.10% of Advanced Drainage Systems worth $98,678,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Huntington National Bank boosted its position in Advanced Drainage Systems by 123.1% during the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after buying an additional 213 shares during the period. Millburn Ridgefield Corp boosted its position in Advanced Drainage Systems by 642.4% during the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock worth $77,000 after buying an additional 424 shares during the period. UMB Bank n.a. boosted its position 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 worth $90,000 after buying an additional 88 shares during the period. Spire Wealth Management acquired a new stake in Advanced Drainage Systems during the 4th quarter worth approximately $94,000. Finally, First Horizon Advisors Inc. boosted its position 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 worth $102,000 after buying an additional 137 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Performance

Shares of WMS stock opened at $114.04 on Tuesday. The firm has a market capitalization of $8.85 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The firm has a fifty day simple moving average of $118.99 and a two-hundred day simple moving average of $134.20. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems, Inc. has a 12 month low of $101.90 and a 12 month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results 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 net margin of 15.90% and a return on equity of 35.79%. Analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date of this dividend is Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is 10.70%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group upgraded 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 report on Wednesday, January 8th. Robert W. Baird dropped their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. Loop Capital dropped their price target on shares of 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. Barclays dropped their price target on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Finally, KeyCorp dropped their price target on shares of 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.25.

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.