Quantbot Technologies LP Purchases 32,488 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Quantbot Technologies LP raised its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 404.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 40,525 shares of the construction company’s stock after buying an additional 32,488 shares during the period. Quantbot Technologies LP owned about 0.05% of Advanced Drainage Systems worth $4,685,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its position in shares of Advanced Drainage Systems by 8.8% in the 3rd 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 boosted its position in shares of Advanced Drainage Systems by 34.6% in 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 purchasing an additional 650,052 shares during the last quarter. Swedbank AB boosted its position in shares of Advanced Drainage Systems by 5.8% in the 3rd 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 boosted its position in shares of Advanced Drainage Systems by 5.2% in the 3rd 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, Amundi boosted its position in shares of Advanced Drainage Systems by 72.2% in the 4th quarter. Amundi now owns 854,764 shares of the construction company’s stock worth $98,678,000 after purchasing an additional 358,271 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS opened at $108.74 on Friday. The business’s 50 day moving average price is $118.43 and its two-hundred day moving average price is $133.07. The company has a market cap of $8.44 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. 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, Inc. has a twelve month low of $101.90 and a twelve month 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 analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. On average, analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is presently 10.70%.

Analysts Set New Price Targets

Several research firms have issued reports on WMS. Loop Capital dropped their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. UBS Group raised Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Wednesday, January 8th. Stephens reaffirmed an “equal weight” rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. StockNews.com raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Barclays lowered their target price on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.