Blueshift Asset Management LLC Has $575,000 Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Blueshift Asset Management LLC boosted its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 127.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,976 shares of the construction company’s stock after purchasing an additional 2,786 shares during the quarter. Blueshift Asset Management LLC’s holdings in Advanced Drainage Systems were worth $575,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CIBC Asset Management Inc grew its position in Advanced Drainage Systems by 3.6% in the third quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock valued at $357,000 after acquiring an additional 79 shares during the last quarter. UMB Bank n.a. grew its position in Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after acquiring an additional 88 shares during the last quarter. Blue Trust Inc. grew its position in Advanced Drainage Systems by 12.0% in the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock valued at $116,000 after acquiring an additional 108 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in Advanced Drainage Systems by 4.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock valued at $379,000 after acquiring an additional 111 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its position in Advanced Drainage Systems by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company’s stock valued at $231,000 after acquiring an additional 125 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

Shares of WMS stock opened at $109.66 on Friday. The business’s 50 day simple moving average is $118.09 and its 200 day simple moving average is $131.78. Advanced Drainage Systems, Inc. has a one year low of $101.90 and a one year high of $184.27. The stock has a market capitalization of $8.51 billion, a PE ratio of 18.34, a PEG ratio of 1.13 and a beta of 1.61. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. As a group, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given 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 dividend yield of 0.58%. Advanced Drainage Systems’s payout ratio is presently 10.70%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WMS. StockNews.com upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Stephens restated an “equal weight” rating and set a $135.00 price target on shares of Advanced Drainage Systems in a report on Friday, February 7th. UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Wednesday, January 8th. Loop Capital reduced their price target on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, February 7th. Finally, Barclays reduced their price target on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and an average target price of $164.25.

About Advanced Drainage Systems

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.