Advanced Drainage Systems, Inc. (NYSE:WMS) Stock Position Decreased by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 36.3% in the third quarter, HoldingsChannel.com reports. The fund owned 47,014 shares of the construction company’s stock after selling 26,814 shares during the quarter. BNP Paribas Financial Markets’ holdings in Advanced Drainage Systems were worth $7,389,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in WMS. CIBC Asset Management Inc boosted its position in Advanced Drainage Systems by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock valued at $357,000 after purchasing an additional 79 shares during the period. CWM LLC boosted its holdings in shares of Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after acquiring an additional 85 shares during the period. Nisa Investment Advisors LLC grew its position 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 worth $164,000 after acquiring an additional 95 shares during the last quarter. West Oak Capital LLC grew its position 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 worth $28,000 after acquiring an additional 100 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in shares of Advanced Drainage Systems by 4.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock worth $379,000 after acquiring an additional 111 shares during the period. 89.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WMS. Stephens reissued an “equal weight” rating and set a $135.00 target price (down from $170.00) on shares of Advanced Drainage Systems in a research note on Wednesday, November 13th. Loop Capital reduced their price objective on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Barclays decreased their price objective on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating for the company in a report on Monday, November 11th. KeyCorp cut their target price on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Finally, Oppenheimer decreased their price target on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $170.29.

Advanced Drainage Systems Stock Performance

WMS opened at $133.93 on Tuesday. The business has a 50 day moving average price of $147.19 and a two-hundred day moving average price of $156.09. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15. The company has a market capitalization of $10.38 billion, a price-to-earnings ratio of 21.54, a price-to-earnings-growth ratio of 1.22 and a beta of 1.48. Advanced Drainage Systems, Inc. has a 1-year low of $122.61 and a 1-year high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.23). The firm had revenue of $782.60 million during the quarter, compared to analyst estimates 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 quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company earned $1.71 EPS. Research analysts predict that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.16 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.64 annualized dividend and a dividend yield of 0.48%. Advanced Drainage Systems’s dividend payout ratio is currently 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.