Baillie Gifford & Co. Has $477.59 Million Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Baillie Gifford & Co. cut its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,038,893 shares of the construction company’s stock after selling 86,049 shares during the quarter. Baillie Gifford & Co. owned about 3.92% of Advanced Drainage Systems worth $477,592,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of WMS. Vanguard Group Inc. boosted its stake in Advanced Drainage Systems by 5.8% during the first quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company’s stock worth $1,251,353,000 after acquiring an additional 395,099 shares in the last quarter. Boston Partners boosted its stake in Advanced Drainage Systems by 16.9% during the first quarter. Boston Partners now owns 1,519,118 shares of the construction company’s stock worth $261,609,000 after acquiring an additional 219,629 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Advanced Drainage Systems by 4.7% during the second quarter. William Blair Investment Management LLC now owns 1,430,091 shares of the construction company’s stock worth $229,372,000 after acquiring an additional 64,618 shares in the last quarter. Swedbank AB boosted its stake in Advanced Drainage Systems by 5.8% during the third quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock worth $217,553,000 after acquiring an additional 75,455 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Advanced Drainage Systems by 0.6% during the second quarter. Thrivent Financial for Lutherans now owns 1,382,735 shares of the construction company’s stock worth $221,777,000 after acquiring an additional 7,690 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Down 0.4 %

WMS opened at $135.68 on Tuesday. Advanced Drainage Systems, Inc. has a fifty-two week low of $112.11 and a fifty-two week high of $184.27. The company’s 50-day moving average is $151.20 and its 200 day moving average is $159.57. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.89 and a quick ratio of 1.90. The firm has a market capitalization of $10.52 billion, a P/E ratio of 21.61, a PEG ratio of 1.15 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. The company had revenue of $782.60 million for the quarter, compared to analysts’ expectations of $819.41 million. During the same quarter last year, the business posted $1.71 EPS. The business’s quarterly revenue was up .3% on a year-over-year basis. Research analysts expect that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.47%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.19%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on WMS shares. Barclays cut their target price on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a research note on Monday. Robert W. Baird dropped their price objective on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday. Oppenheimer dropped their price objective on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research note on Monday. Loop Capital dropped their price objective on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday. Finally, StockNews.com lowered shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $178.57.

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.