Swiss National Bank Sells 1,100 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Swiss National Bank cut its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,300 shares of the construction company’s stock after selling 1,100 shares during the period. Swiss National Bank owned about 0.18% of Advanced Drainage Systems worth $21,421,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CIBC Asset Management Inc raised its holdings in shares of Advanced Drainage Systems by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock worth $357,000 after buying an additional 79 shares in the last quarter. CWM LLC raised its stake in Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after acquiring an additional 85 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Advanced Drainage Systems by 10.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the construction company’s stock valued at $164,000 after acquiring an additional 95 shares during the period. West Oak Capital LLC lifted its holdings in shares of Advanced Drainage Systems by 133.3% during the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after acquiring an additional 100 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Advanced Drainage Systems by 20.5% in the 3rd quarter. UMB Bank n.a. now owns 693 shares of the construction company’s stock valued at $109,000 after purchasing an additional 118 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WMS. Barclays decreased their price objective on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. KeyCorp decreased their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Robert W. Baird cut their price objective on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a research report on Monday, November 11th. Oppenheimer decreased their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Finally, Loop Capital lowered their target price on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $170.29.

Advanced Drainage Systems Stock Performance

WMS stock opened at $128.41 on Friday. Advanced Drainage Systems, Inc. has a twelve month low of $117.97 and a twelve month high of $184.27. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97. The company has a market cap of $9.95 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 1.17 and a beta of 1.53. The business’s fifty day moving average is $149.26 and its 200-day moving average is $157.89.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). The company had revenue of $782.60 million during the quarter, compared to the consensus estimate of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.71 EPS. Equities research analysts forecast that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend is Monday, December 2nd. Advanced Drainage Systems’s payout ratio is presently 10.19%.

Advanced Drainage Systems 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.