Advanced Drainage Systems, Inc. $WMS Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lessened its position in Advanced Drainage Systems, Inc. (NYSE:WMS – Free Report) by 19.2% during the fourth quarter, Holdings Channel reports. The fund owned 25,936 shares of the construction company’s stock after selling 6,162 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Advanced Drainage Systems were worth $3,762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of WMS. Wellington Management Group LLP increased its holdings in shares of Advanced Drainage Systems by 234.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,188,906 shares of the construction company’s stock worth $164,901,000 after acquiring an additional 832,929 shares during the period. Interval Partners LP increased its holdings in shares of Advanced Drainage Systems by 98.0% in the 3rd quarter. Interval Partners LP now owns 968,534 shares of the construction company’s stock worth $134,336,000 after acquiring an additional 479,413 shares during the period. SG Capital Management LLC acquired a new stake in shares of Advanced Drainage Systems in the 3rd quarter worth about $45,591,000. Franklin Resources Inc. increased its holdings in shares of Advanced Drainage Systems by 586.9% in the 3rd quarter. Franklin Resources Inc. now owns 285,810 shares of the construction company’s stock worth $39,642,000 after acquiring an additional 244,202 shares during the period. Finally, Capital International Investors increased its holdings in shares of Advanced Drainage Systems by 34.9% in the 3rd quarter. Capital International Investors now owns 933,851 shares of the construction company’s stock worth $129,525,000 after acquiring an additional 241,500 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Robert W. Baird set a $205.00 price objective on shares of Advanced Drainage Systems in a report on Friday, February 6th. Royal Bank Of Canada increased their target price on shares of Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. UBS Group set a $215.00 target price on shares of Advanced Drainage Systems and gave the company a “buy” rating in a research report on Friday, February 6th. Barclays decreased their target price on shares of Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, KeyCorp increased their target price on shares of Advanced Drainage Systems from $180.00 to $198.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $190.29.

Get Our Latest Research Report on WMS

Advanced Drainage Systems Stock Performance

Shares of WMS opened at $146.48 on Thursday. Advanced Drainage Systems, Inc. has a one year low of $104.69 and a one year high of $179.32. The company has a 50-day moving average of $148.86 and a two-hundred day moving average of $150.19. The stock has a market cap of $11.41 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 1.60 and a beta of 1.37. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.12 and a quick ratio of 3.08.

Advanced Drainage Systems (NYSE:WMS – Get Free Report) last announced its earnings results on Thursday, February 5th. The construction company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.11 by $0.16. Advanced Drainage Systems had a net margin of 15.75% and a return on equity of 27.72%. The company had revenue of $693.35 million during the quarter, compared to analysts’ expectations of $686.37 million. During the same period last year, the company posted $1.09 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.19 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, March 2nd. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 11.98%.

About Advanced Drainage Systems

(Free Report)

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.

See Also

• Five stocks we like better than Advanced Drainage Systems

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:WMS – Free Report).