Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. cut its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.8% during the 4th quarter, Holdings Channel reports. The firm owned 5,334 shares of the construction company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Advanced Drainage Systems were worth $617,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. CIBC Asset Management Inc grew its position in shares of Advanced Drainage Systems by 3.6% in the third quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock valued at $357,000 after purchasing an additional 79 shares during the last quarter. UMB Bank n.a. grew its position in shares of Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after purchasing an additional 88 shares during the last quarter. Blue Trust Inc. grew its position in shares of Advanced Drainage Systems by 12.0% in the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock valued at $116,000 after purchasing an additional 108 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Advanced Drainage Systems by 4.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock valued at $379,000 after purchasing an additional 111 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its position in shares of Advanced Drainage Systems by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company’s stock valued at $231,000 after purchasing an additional 125 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Performance

NYSE:WMS opened at $108.74 on Monday. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The company has a market cap of $8.44 billion, a P/E ratio of 18.18, a P/E/G ratio of 1.13 and a beta of 1.61. Advanced Drainage Systems, Inc. has a fifty-two week low of $101.90 and a fifty-two week high of $184.27. The firm’s 50 day moving average is $118.43 and its two-hundred day moving average is $132.73.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Barclays decreased their target price 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. UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Wednesday, January 8th. Loop Capital decreased their target price 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. Finally, Stephens restated an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and a consensus target price 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.