Swedbank AB Has $159.52 Million Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Swedbank AB lessened its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMSFree Report) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,379,900 shares of the construction company’s stock after selling 4,376 shares during the quarter. Swedbank AB’s holdings in Advanced Drainage Systems were worth $159,516,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew its stake in shares of Advanced Drainage Systems by 8.8% during the third quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock worth $399,452,000 after buying an additional 206,105 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Advanced Drainage Systems by 50.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company’s stock worth $11,186,000 after purchasing an additional 32,418 shares in the last quarter. Zacks Investment Management bought a new stake in Advanced Drainage Systems during the 3rd quarter worth approximately $2,694,000. Advantage Alpha Capital Partners LP acquired a new position in shares of Advanced Drainage Systems in the 3rd quarter worth approximately $8,540,000. Finally, Geode Capital Management LLC grew its position in shares of Advanced Drainage Systems by 5.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company’s stock worth $186,578,000 after buying an additional 59,158 shares during the period. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

NYSE WMS traded up $0.69 during trading on Wednesday, reaching $125.46. The company’s stock had a trading volume of 78,870 shares, compared to its average volume of 529,503. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15. The firm has a fifty day moving average of $123.26 and a 200 day moving average of $142.76. The stock has a market capitalization of $9.73 billion, a PE ratio of 19.99, a P/E/G ratio of 1.20 and a beta of 1.51. Advanced Drainage Systems, Inc. has a one year low of $110.75 and a one year high of $184.27.

Advanced Drainage Systems (NYSE:WMSGet Free Report) last announced its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). The company had revenue of $782.60 million during the quarter, compared to analysts’ expectations of $819.41 million. Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. Advanced Drainage Systems’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the firm earned $1.71 earnings per share. Analysts expect that Advanced Drainage Systems, Inc. will post 6.12 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.51%. Advanced Drainage Systems’s dividend payout ratio is presently 10.19%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group raised 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 note on Wednesday, January 8th. Oppenheimer decreased their price objective on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Loop Capital cut their price target on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Robert W. Baird lowered their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Finally, KeyCorp lowered their target price on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a 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. According to MarketBeat, Advanced Drainage Systems has an average rating of “Moderate Buy” and a consensus target price of $166.88.

Check Out Our Latest Stock Report on Advanced Drainage Systems

Advanced Drainage Systems Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding WMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Drainage Systems, Inc. (NYSE:WMSFree Report).

Institutional Ownership by Quarter for Advanced Drainage Systems (NYSE:WMS)

Receive News & Ratings for Advanced Drainage Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Drainage Systems and related companies with MarketBeat.com's FREE daily email newsletter.