Invesco Ltd. Decreases Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Invesco Ltd. trimmed its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,688,544 shares of the construction company’s stock after selling 20,652 shares during the period. Invesco Ltd.’s holdings in Advanced Drainage Systems were worth $195,196,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. boosted its position 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 last quarter. Blue Trust Inc. lifted its stake in Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock valued at $116,000 after acquiring an additional 108 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Advanced Drainage Systems by 5.2% during the 4th 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 grew its stake in shares of Advanced Drainage Systems by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company’s stock worth $231,000 after acquiring an additional 125 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of Advanced Drainage Systems by 18.3% during the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock valued at $102,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WMS shares. UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a report on Wednesday, January 8th. Stephens restated an “equal weight” rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. KeyCorp reduced their price objective on Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft began coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They issued a “buy” rating and a $134.00 target price on the stock. Finally, Loop Capital reduced their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $153.78.

Advanced Drainage Systems Stock Up 1.8 %

WMS stock opened at $105.31 on Friday. The business’s 50-day moving average price is $112.30 and its 200-day moving average price is $126.58. The stock has a market cap of $8.17 billion, a P/E ratio of 17.61, a PEG ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $184.27. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly 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 research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 dividend on an annualized basis and a yield of 0.61%. Advanced Drainage Systems’s payout ratio is presently 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.