ABN Amro Investment Solutions Sells 4,732 Shares of Advanced Drainage Systems, Inc. $WMS

ABN Amro Investment Solutions trimmed its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 62.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,810 shares of the construction company’s stock after selling 4,732 shares during the quarter. ABN Amro Investment Solutions’ holdings in Advanced Drainage Systems were worth $390,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bridges Investment Management Inc. grew its stake in Advanced Drainage Systems by 32.9% during the third quarter. Bridges Investment Management Inc. now owns 28,122 shares of the construction company’s stock valued at $3,901,000 after acquiring an additional 6,960 shares in the last quarter. Mediolanum International Funds Ltd bought a new position in shares of Advanced Drainage Systems during the 3rd quarter valued at about $24,314,000. Pacer Advisors Inc. purchased a new position in shares of Advanced Drainage Systems during the third quarter valued at about $1,321,000. Essex Investment Management Co. LLC grew its position in shares of Advanced Drainage Systems by 345.7% during the third quarter. Essex Investment Management Co. LLC now owns 42,898 shares of the construction company’s stock valued at $5,950,000 after purchasing an additional 33,274 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Advanced Drainage Systems by 29.7% in the third quarter. Asset Management One Co. Ltd. now owns 19,982 shares of the construction company’s stock worth $2,772,000 after purchasing an additional 4,574 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insiders Place Their Bets

In other news, Director Robert M. Eversole sold 10,569 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $152.82, for a total transaction of $1,615,154.58. Following the completion of the sale, the director directly owned 50,076 shares of the company’s stock, valued at approximately $7,652,614.32. The trade was a 17.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.63% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

WMS has been the subject of a number of research reports. Royal Bank Of Canada increased their price target on Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Barclays increased their target price on Advanced Drainage Systems from $187.00 to $198.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. KeyCorp raised their target price on shares of Advanced Drainage Systems from $180.00 to $198.00 and gave the company an “overweight” rating in a report on Friday, February 6th. UBS Group set a $215.00 price target on shares of Advanced Drainage Systems and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Oppenheimer lifted their price objective on shares of Advanced Drainage Systems from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Eight investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.00.

Advanced Drainage Systems Stock Performance

Advanced Drainage Systems stock opened at $170.99 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.12 and a quick ratio of 3.08. The firm has a market capitalization of $13.32 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 2.02 and a beta of 1.34. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $179.32. The company’s 50-day moving average is $155.14 and its 200 day moving average is $146.45.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, February 5th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.16. The business had revenue of $693.35 million during the quarter, compared to analyst estimates of $686.37 million. Advanced Drainage Systems had a return on equity of 27.72% and a net margin of 15.75%.The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. Research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, March 2nd. Advanced Drainage Systems’s dividend payout ratio is 11.98%.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.