Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 69.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,450 shares of the construction company’s stock after selling 12,448 shares during the quarter. Teacher Retirement System of Texas’ holdings in Advanced Drainage Systems were worth $630,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its holdings in 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 acquiring an additional 88 shares during the period. Blue Trust Inc. lifted its holdings in shares of Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after acquiring an additional 108 shares during the period. CIBC Asset Management Inc boosted its holdings in Advanced Drainage Systems by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,390 shares of the construction company’s stock valued at $276,000 after acquiring an additional 119 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Advanced Drainage Systems by 7.4% in the 4th 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 in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Advanced Drainage Systems by 18.3% during the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock valued at $102,000 after acquiring an additional 137 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMS has been the topic of several analyst reports. Barclays dropped their price target on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a research note on Friday, February 7th. Stephens reiterated an “equal weight” rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a research report on Friday, February 7th. StockNews.com upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Wednesday, January 8th. Finally, Loop Capital decreased their target price on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.25.

Advanced Drainage Systems Trading Down 2.6 %

Advanced Drainage Systems stock opened at $108.25 on Monday. The firm has a market capitalization of $8.40 billion, a PE ratio of 18.10, a PEG ratio of 1.13 and a beta of 1.61. The business’s 50-day simple moving average is $116.95 and its 200-day simple moving average is $130.17. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. Advanced Drainage Systems, Inc. has a 52 week low of $101.90 and a 52 week high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Equities research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.16 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.64 annualized dividend and a dividend yield of 0.59%. Advanced Drainage Systems’s dividend payout ratio is currently 10.70%.

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.