Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New Investment in Advanced Drainage Systems, Inc. $WMS

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Advanced Drainage Systems, Inc. (NYSE:WMS) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 21,188 shares of the construction company’s stock, valued at approximately $3,069,000.

Other institutional investors also recently added to or reduced their stakes in the company. Bridges Investment Management Inc. increased its position in Advanced Drainage Systems by 32.9% in the 3rd quarter. Bridges Investment Management Inc. now owns 28,122 shares of the construction company’s stock worth $3,901,000 after buying an additional 6,960 shares during the period. Pier Capital LLC increased its position in Advanced Drainage Systems by 69,891.7% in the 4th quarter. Pier Capital LLC now owns 50,394 shares of the construction company’s stock worth $7,299,000 after buying an additional 50,322 shares during the period. Mediolanum International Funds Ltd bought a new position in Advanced Drainage Systems in the 3rd quarter worth approximately $24,314,000. Essex Investment Management Co. LLC increased its position in Advanced Drainage Systems by 345.7% in the 3rd quarter. Essex Investment Management Co. LLC now owns 42,898 shares of the construction company’s stock worth $5,950,000 after buying an additional 33,274 shares during the period. Finally, J. Safra Sarasin Holding AG increased its position in Advanced Drainage Systems by 85.9% in the 3rd quarter. J. Safra Sarasin Holding AG now owns 135,912 shares of the construction company’s stock worth $18,851,000 after buying an additional 62,809 shares during the period. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS opened at $136.57 on Thursday. Advanced Drainage Systems, Inc. has a 1-year low of $105.14 and a 1-year high of $179.32. The firm has a market capitalization of $10.64 billion, a PE ratio of 22.72, a PEG ratio of 1.38 and a beta of 1.33. The business’s 50 day moving average is $142.80 and its 200-day moving average is $150.22. The company has a current ratio of 4.12, a quick ratio of 3.08 and a debt-to-equity ratio of 0.72.

Analyst Upgrades and Downgrades

Several brokerages have commented on WMS. Robert W. Baird set a $205.00 price target on Advanced Drainage Systems in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Monday, April 20th. KeyCorp lifted their price objective on Advanced Drainage Systems from $180.00 to $198.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. UBS Group set a $215.00 price objective on Advanced Drainage Systems and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Barclays decreased their price objective on Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.83.

Advanced Drainage Systems Company Profile

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.