Schroder Investment Management Group Acquires 86,141 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Schroder Investment Management Group lifted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 27.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 401,012 shares of the construction company’s stock after purchasing an additional 86,141 shares during the quarter. Schroder Investment Management Group owned 0.52% of Advanced Drainage Systems worth $46,048,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Montreal Can raised its holdings in Advanced Drainage Systems by 20.3% in the 3rd quarter. Bank of Montreal Can now owns 74,568 shares of the construction company’s stock valued at $11,953,000 after acquiring an additional 12,559 shares in the last quarter. FMR LLC raised its stake in Advanced Drainage Systems by 50.8% in the third quarter. FMR LLC now owns 54,341 shares of the construction company’s stock valued at $8,540,000 after purchasing an additional 18,313 shares in the last quarter. Townsquare Capital LLC lifted its position in Advanced Drainage Systems by 5.1% during the third quarter. Townsquare Capital LLC now owns 5,213 shares of the construction company’s stock worth $819,000 after purchasing an additional 255 shares during the period. Verition Fund Management LLC acquired a new stake in Advanced Drainage Systems during the third quarter worth about $6,544,000. Finally, Atom Investors LP increased its holdings in Advanced Drainage Systems by 169.9% in the 3rd quarter. Atom Investors LP now owns 20,125 shares of the construction company’s stock valued at $3,163,000 after buying an additional 12,669 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMS has been the topic of several analyst reports. Stephens reiterated an “equal weight” rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Barclays reduced their target price on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. UBS Group upgraded 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. StockNews.com upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, 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 report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $164.25.

Advanced Drainage Systems Stock Up 0.4 %

NYSE:WMS opened at $108.62 on Tuesday. Advanced Drainage Systems, Inc. has a one year low of $101.90 and a one year high of $184.27. 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 company has a market cap of $8.43 billion, a PE ratio of 18.16, a P/E/G ratio of 1.13 and a beta of 1.61. The firm’s 50 day simple moving average is $116.61 and its 200 day simple moving average is $129.92.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share 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%. On average, research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is currently 10.70%.

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.