Tredje AP fonden Buys New Holdings in Advanced Drainage Systems, Inc. $WMS

Tredje AP fonden bought a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 110,028 shares of the construction company’s stock, valued at approximately $15,935,000. Tredje AP fonden owned 0.14% of Advanced Drainage Systems at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. State Street Corp boosted its holdings in Advanced Drainage Systems by 3.1% during the 3rd quarter. State Street Corp now owns 2,551,901 shares of the construction company’s stock valued at $353,949,000 after acquiring an additional 75,777 shares during the period. First Trust Advisors LP boosted its holdings in Advanced Drainage Systems by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 2,416,942 shares of the construction company’s stock valued at $335,230,000 after acquiring an additional 238,179 shares during the period. American Century Companies Inc. boosted its holdings in Advanced Drainage Systems by 6.5% during the 3rd quarter. American Century Companies Inc. now owns 1,472,176 shares of the construction company’s stock valued at $204,191,000 after acquiring an additional 90,106 shares during the period. Wellington Management Group LLP boosted its holdings in Advanced Drainage Systems by 234.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,188,906 shares of the construction company’s stock valued at $164,901,000 after acquiring an additional 832,929 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Advanced Drainage Systems by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,138,378 shares of the construction company’s stock valued at $157,889,000 after acquiring an additional 16,118 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. KeyCorp increased their target price on Advanced Drainage Systems from $180.00 to $198.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Barclays dropped their target price on Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Royal Bank Of Canada increased their target price on Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Monday, April 20th. Finally, UBS Group set a $215.00 price target on Advanced Drainage Systems and gave the company a “buy” rating in a research report on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.83.

Advanced Drainage Systems Trading Down 2.7%

WMS opened at $131.56 on Wednesday. The business has a 50 day simple moving average of $143.07 and a two-hundred day simple moving average of $150.23. The firm has a market capitalization of $10.25 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 1.42 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.12 and a quick ratio of 3.08. Advanced Drainage Systems, Inc. has a one year low of $105.14 and a one year high of $179.32.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.