Natixis Has $9.47 Million Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Natixis lessened its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 14.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,942 shares of the construction company’s stock after selling 14,192 shares during the quarter. Natixis owned 0.11% of Advanced Drainage Systems worth $9,472,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. UMB Bank n.a. lifted its position in shares of Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after buying an additional 88 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of Advanced Drainage Systems in the 4th quarter valued at approximately $94,000. First Horizon Advisors Inc. boosted its stake in shares of Advanced Drainage Systems by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock valued at $102,000 after purchasing an additional 137 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock valued at $116,000 after purchasing an additional 108 shares during the last quarter. Finally, Headlands Technologies LLC increased its position in Advanced Drainage Systems by 1,298.6% during the 4th quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company’s stock worth $118,000 after purchasing an additional 948 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WMS. Stephens reaffirmed an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Barclays cut their price target on Advanced Drainage Systems from $149.00 to $130.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Advanced Drainage Systems in a research report on Tuesday, April 1st. They issued a “buy” rating and a $134.00 price target for the company. Finally, KeyCorp reduced their price objective on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to MarketBeat, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.78.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS opened at $104.44 on Monday. The company has a market capitalization of $8.10 billion, a PE ratio of 17.46, a P/E/G ratio of 1.13 and a beta of 1.48. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $184.27. The firm has a fifty day simple moving average of $110.63 and a 200 day simple moving average of $124.54.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. On average, sell-side 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 declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 0.61%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems’s payout ratio is 10.70%.

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.