California State Teachers Retirement System Trims Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

California State Teachers Retirement System trimmed its stake in Advanced Drainage Systems, Inc. (NYSE:WMSFree Report) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,497 shares of the construction company’s stock after selling 3,808 shares during the period. California State Teachers Retirement System owned approximately 0.10% of Advanced Drainage Systems worth $10,477,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMS. Rathbones Group PLC grew its holdings in shares of Advanced Drainage Systems by 2.4% during the fourth quarter. Rathbones Group PLC now owns 200,681 shares of the construction company’s stock worth $28,224,000 after purchasing an additional 4,688 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in Advanced Drainage Systems by 31.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 136,922 shares of the construction company’s stock worth $19,257,000 after buying an additional 32,919 shares during the last quarter. Isthmus Partners LLC purchased a new position in Advanced Drainage Systems during the 4th quarter worth approximately $300,000. Treasurer of the State of North Carolina increased its position in Advanced Drainage Systems by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 31,121 shares of the construction company’s stock worth $4,377,000 after buying an additional 304 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in Advanced Drainage Systems by 160.4% in the fourth quarter. Allianz Asset Management GmbH now owns 154,839 shares of the construction company’s stock valued at $21,777,000 after buying an additional 95,370 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Price Performance

Shares of WMS opened at $161.81 on Friday. The company has a current ratio of 2.96, a quick ratio of 1.90 and a debt-to-equity ratio of 1.13. The stock’s 50 day moving average is $167.31 and its two-hundred day moving average is $152.31. Advanced Drainage Systems, Inc. has a twelve month low of $102.32 and a twelve month high of $184.27. The firm has a market capitalization of $12.54 billion, a PE ratio of 25.13, a P/E/G ratio of 1.34 and a beta of 1.58.

Advanced Drainage Systems (NYSE:WMSGet Free Report) last announced its quarterly earnings data on Thursday, May 16th. The construction company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.28. Advanced Drainage Systems had a return on equity of 46.93% and a net margin of 17.74%. The firm had revenue of $653.80 million for the quarter, compared to analyst estimates of $611.99 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. Advanced Drainage Systems’s quarterly revenue was up 5.9% on a year-over-year basis. Research analysts anticipate that Advanced Drainage Systems, Inc. will post 7.17 earnings per share for the current year.

Advanced Drainage Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.16 dividend. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.64 annualized dividend and a dividend yield of 0.40%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 9.94%.

Insider Buying and Selling

In other Advanced Drainage Systems news, insider D. Scott Barbour sold 85,938 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $174.10, for a total value of $14,961,805.80. Following the completion of the transaction, the insider now directly owns 45,994 shares of the company’s stock, valued at $8,007,555.40. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Robert M. Klein sold 3,059 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $175.95, for a total value of $538,231.05. Following the sale, the executive vice president now directly owns 102,070 shares in the company, valued at approximately $17,959,216.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider D. Scott Barbour sold 85,938 shares of Advanced Drainage Systems stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $174.10, for a total transaction of $14,961,805.80. Following the transaction, the insider now owns 45,994 shares of the company’s stock, valued at approximately $8,007,555.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 176,004 shares of company stock valued at $30,547,285. Corporate insiders own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

WMS has been the topic of a number of research reports. Stephens raised their target price on shares of Advanced Drainage Systems from $182.00 to $193.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Oppenheimer upped their target price on shares of Advanced Drainage Systems from $172.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. StockNews.com raised Advanced Drainage Systems from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. KeyCorp boosted their price target on Advanced Drainage Systems from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Finally, Robert W. Baird increased their price objective on Advanced Drainage Systems from $192.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $181.88.

View Our Latest Stock Report on Advanced Drainage Systems

Advanced Drainage Systems Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Drainage Systems (NYSE:WMS)

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