Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lowered its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 49.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,862 shares of the construction company’s stock after selling 22,709 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Advanced Drainage Systems were worth $2,625,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank lifted its holdings in Advanced Drainage Systems by 123.1% in 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 in the last quarter. Millburn Ridgefield Corp increased its position in shares of Advanced Drainage Systems by 642.4% in the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock worth $77,000 after purchasing an additional 424 shares during the last quarter. UMB Bank n.a. increased its position 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 during the last quarter. Spire Wealth Management bought a new stake in shares of Advanced Drainage Systems in the 4th quarter worth about $94,000. Finally, First Horizon Advisors Inc. increased its position in shares of Advanced Drainage Systems by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock worth $102,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

NYSE WMS opened at $108.74 on Monday. Advanced Drainage Systems, Inc. has a 52 week low of $101.90 and a 52 week high of $184.27. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 18.18, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The company has a 50-day moving average price of $118.43 and a two-hundred day moving average price of $132.73.

Advanced Drainage Systems (NYSE:WMS) last posted its 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%. 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 announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.59%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio (DPR) is 10.70%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Stephens reissued an “equal weight” rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. StockNews.com raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Loop Capital dropped 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 research report on Friday, February 7th. Barclays lowered their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Finally, UBS Group raised shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $164.25.

Advanced Drainage Systems Company 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.