PGGM Investments Has $17.37 Million Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

PGGM Investments increased its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 84.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 150,261 shares of the construction company’s stock after acquiring an additional 68,671 shares during the period. PGGM Investments’ holdings in Advanced Drainage Systems were worth $17,370,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Impax Asset Management Group plc grew its position in shares of Advanced Drainage Systems by 34.6% during the 4th quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company’s stock worth $291,723,000 after buying an additional 650,052 shares during the period. Amundi boosted its stake in Advanced Drainage Systems by 72.2% in the fourth quarter. Amundi now owns 854,764 shares of the construction company’s stock valued at $98,678,000 after acquiring an additional 358,271 shares during the last quarter. State Street Corp grew its holdings in Advanced Drainage Systems by 8.8% during the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock worth $399,452,000 after acquiring an additional 206,105 shares during the period. Fernbridge Capital Management LP raised its position in shares of Advanced Drainage Systems by 108.2% during the 3rd quarter. Fernbridge Capital Management LP now owns 253,549 shares of the construction company’s stock valued at $39,848,000 after acquiring an additional 131,781 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Advanced Drainage Systems by 21.2% in the 4th quarter. KBC Group NV now owns 738,749 shares of the construction company’s stock valued at $85,399,000 after purchasing an additional 129,252 shares during the period. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Price Performance

NYSE WMS opened at $109.65 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 1.13 and a beta of 1.61. The business has a 50 day simple moving average of $118.75 and a 200 day simple moving average of $133.65. 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 issued its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is 10.70%.

Analyst Ratings Changes

A number of equities research analysts recently commented on WMS shares. Barclays dropped their price objective on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Loop Capital lowered their price target on 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. Stephens reiterated an “equal weight” rating and issued a $135.00 price target 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 report on Wednesday, March 5th. Finally, 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $164.25.

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.