Advanced Drainage Systems, Inc. (NYSE:WMS) Stock Position Decreased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 23.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 284,942 shares of the construction company’s stock after selling 86,752 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.37% of Advanced Drainage Systems worth $32,939,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of WMS. Charles Schwab Investment Management Inc. raised its holdings in Advanced Drainage Systems by 15.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 562,052 shares of the construction company’s stock worth $88,332,000 after buying an additional 75,008 shares during the period. Cerity Partners LLC increased its position in shares of Advanced Drainage Systems by 4.3% in the third quarter. Cerity Partners LLC now owns 28,432 shares of the construction company’s stock worth $4,468,000 after acquiring an additional 1,160 shares in the last quarter. Independent Advisor Alliance acquired a new stake in shares of Advanced Drainage Systems during the third quarter valued at approximately $939,000. Bank of Montreal Can lifted its position in shares of Advanced Drainage Systems by 20.3% in the 3rd quarter. Bank of Montreal Can now owns 74,568 shares of the construction company’s stock valued at $11,953,000 after acquiring an additional 12,559 shares in the last quarter. Finally, Dai ichi Life Insurance Company Ltd boosted its stake in Advanced Drainage Systems by 180.3% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 20,465 shares of the construction company’s stock worth $3,216,000 after purchasing an additional 13,165 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Price Performance

NYSE WMS opened at $112.27 on Thursday. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $8.71 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. Advanced Drainage Systems, Inc. has a 12-month low of $101.90 and a 12-month high of $184.27. The company has a 50 day moving average price of $117.56 and a two-hundred day moving average price of $130.69.

Advanced Drainage Systems (NYSE:WMS) last released 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 net margin of 15.90% and a return on equity of 35.79%. As a group, equities analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business 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 0.57%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is 10.70%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. StockNews.com upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Wednesday, March 5th. Barclays decreased their price objective on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Stephens reiterated an “equal weight” rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. Loop Capital decreased 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 report on Friday, February 7th. Finally, UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.25.

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.