Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 2.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 46,457 shares of the construction company’s stock after selling 1,013 shares during the period. New York State Teachers Retirement System owned about 0.06% of Advanced Drainage Systems worth $5,370,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in WMS. Huntington National Bank raised its stake in Advanced Drainage Systems by 123.1% in the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company’s stock valued at $61,000 after purchasing an additional 213 shares during the last quarter. Millburn Ridgefield Corp grew its holdings in shares of Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock worth $77,000 after buying an additional 424 shares in the last quarter. CWM LLC raised its position in shares of Advanced Drainage Systems by 18.1% in the third quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after buying an additional 85 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after buying an additional 88 shares during the period. Finally, Spire Wealth Management acquired a new stake in Advanced Drainage Systems during the fourth quarter worth approximately $94,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS opened at $117.73 on Friday. Advanced Drainage Systems, Inc. has a twelve month low of $110.75 and a twelve month high of $184.27. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average of $120.26 and a two-hundred day moving average of $137.50. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 1.22 and a beta of 1.52.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) 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%. As a group, analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Friday, February 28th. Advanced Drainage Systems’s payout ratio is 10.70%.

Wall Street Analyst Weigh In

WMS has been the subject of a number of recent analyst reports. KeyCorp lowered their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. StockNews.com downgraded shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Friday, February 14th. Stephens reissued an “equal weight” rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Robert W. Baird dropped their price target on shares of 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, Loop Capital cut their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $164.25.

About Advanced Drainage Systems

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.