1 week Ago By Defense World Staff
Prudential Financial Inc. lessened its position in Advanced Drainage Systems, Inc. ( NYSE:WMS – Free Report ) by 6.
6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,130 shares of the construction company’s stock after selling 293 shares during the quarter. Prudential Financial Inc.
’s holdings in Advanced Drainage Systems were worth $477,000 as of its most recent filing with the Securities & Exchange Commission. Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc.
raised its position in shares of Advanced Drainage Systems by 0.7% in the 4th quarter. Vanguard Group Inc.
now owns 7,332,268 shares of the construction company’s stock worth $847,610,000 after purchasing an additional 52,799 shares during the last quarter. Impax Asset Management Group plc increased its stake in Advanced Drainage Systems by 34.6% during the 4th quarter.
Impax Asset Management Group plc now owns 2,530,000 shares of the construction company’s stock valued at $291,723,000 after purchasing an additional 650,052 shares in the last quarter. American Century Companies Inc. raised its holdings in Advanced Drainage Systems by 1.
2% in the fourth quarter. American Century Companies Inc. now owns 1,402,447 shares of the construction company’s stock worth $162,123,000 after buying an additional 16,415 shares during the last quarter.
Geode Capital Management LLC lifted its stake in shares of Advanced Drainage Systems by 5.2% in the third quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company’s stock worth $186,578,000 after buying an additional 59,158 shares in the last quarter.
Finally, Amundi increased its position in shares of Advanced Drainage Systems by 72.2% during the fourth quarter. Amundi now owns 854,764 shares of the construction company’s stock valued at $98,678,000 after acquiring an additional 358,271 shares in the last quarter.
89.83% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades WMS has been the subject of several research analyst reports.
Barclays reduced their price objective on Advanced Drainage Systems from $149.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday.
Deutsche Bank Aktiengesellschaft assumed coverage on Advanced Drainage Systems in a research note on Tuesday, April 1st. They issued a “buy” rating and a $134.00 price target on the stock.
UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Wednesday, January 8th. Loop Capital cut their price target on Advanced Drainage Systems from $170.
00 to $160.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, KeyCorp dropped 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 report on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock.
Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $153.78.
Advanced Drainage Systems Price Performance NYSE:WMS opened at $108.58 on Thursday. 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 52 week low of $93.92 and a 52 week high of $184.
27. The stock’s 50-day moving average price is $112.87 and its 200-day moving average price is $127.
26. The stock has a market capitalization of $8.42 billion, a PE ratio of 18.
16, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48.
Advanced Drainage Systems ( NYSE:WMS – Get Free Report ) last released its earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.
34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.
79% and a net margin of 15.90%. As a group, equities analysts expect that Advanced Drainage Systems, Inc.
will post 6.1 EPS for the current fiscal year. Advanced Drainage Systems Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Friday, March 14th.
Investors of record on Friday, February 28th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, February 28th.
This represents a $0.64 dividend on an annualized basis and a yield of 0.59%.
Advanced Drainage Systems’s dividend payout ratio is presently 10.70%. Advanced Drainage Systems Company Profile ( Free Report ) 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. See Also Five stocks we like better than Advanced Drainage Systems Upcoming IPO Stock Lockup Period, Explained Quantum Computing: The $6.
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