Arizona State Retirement System Acquires 1,286 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Arizona State Retirement System lifted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 6.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 21,373 shares of the construction company’s stock after purchasing an additional 1,286 shares during the period. Arizona State Retirement System’s holdings in Advanced Drainage Systems were worth $2,471,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. State Street Corp grew its holdings 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 purchasing an additional 206,105 shares during the last quarter. Impax Asset Management Group plc grew its holdings in shares of Advanced Drainage Systems by 34.6% during the fourth quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company’s stock worth $291,723,000 after purchasing an additional 650,052 shares during the last quarter. Swedbank AB grew its holdings in shares of 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 purchasing an additional 75,455 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Advanced Drainage Systems by 5.2% during the third quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company’s stock worth $186,578,000 after purchasing an additional 59,158 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Advanced Drainage Systems by 21.2% during the fourth quarter. KBC Group NV now owns 738,749 shares of the construction company’s stock worth $85,399,000 after purchasing an additional 129,252 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

WMS has been the topic of several research analyst reports. Loop Capital decreased their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Robert W. Baird cut their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. UBS Group raised Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Wednesday, January 8th. Oppenheimer cut their price target on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Finally, KeyCorp cut their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.25.

Advanced Drainage Systems Trading Down 0.7 %

NYSE:WMS opened at $114.04 on Tuesday. Advanced Drainage Systems, Inc. has a 1-year low of $101.90 and a 1-year high of $184.27. The business’s 50-day moving average price is $118.99 and its two-hundred day moving average price is $134.20. 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 market capitalization of $8.85 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.13 and a beta of 1.61.

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%. On average, equities analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is currently 10.70%.

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.