Handelsbanken Fonder AB Sells 200 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Handelsbanken Fonder AB decreased its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,128 shares of the construction company’s stock after selling 200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Advanced Drainage Systems were worth $2,535,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co grew its position in Advanced Drainage Systems by 24.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 63,780 shares of the construction company’s stock worth $11,006,000 after purchasing an additional 12,655 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Advanced Drainage Systems by 10.3% during the first quarter. Nordea Investment Management AB now owns 121,851 shares of the construction company’s stock valued at $21,178,000 after acquiring an additional 11,423 shares during the last quarter. Magnetar Financial LLC bought a new stake in Advanced Drainage Systems during the first quarter worth $525,000. Price T Rowe Associates Inc. MD boosted its position in Advanced Drainage Systems by 16.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 139,677 shares of the construction company’s stock worth $24,059,000 after purchasing an additional 19,626 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Advanced Drainage Systems by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company’s stock valued at $1,251,353,000 after purchasing an additional 395,099 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Down 0.1 %

WMS opened at $153.55 on Thursday. The company has a 50 day moving average of $151.99 and a 200 day moving average of $161.69. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 1.04. Advanced Drainage Systems, Inc. has a 12 month low of $102.32 and a 12 month high of $184.27. The company has a market cap of $11.90 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.32 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.08. The company had revenue of $815.34 million during the quarter, compared to analysts’ expectations of $828.00 million. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. On average, sell-side analysts expect that Advanced Drainage Systems, Inc. will post 6.95 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Friday, August 30th. Advanced Drainage Systems’s dividend payout ratio is presently 9.94%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Barclays lowered their target price on Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. StockNews.com cut shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Robert W. Baird decreased their price target on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $192.00 price target on shares of Advanced Drainage Systems in a report on Thursday, August 15th. Finally, Loop Capital decreased their target price on Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $190.14.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.