Advanced Drainage Systems, Inc. $WMS Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lowered its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 10.7% in the fourth quarter, HoldingsChannel reports. The firm owned 52,401 shares of the construction company’s stock after selling 6,259 shares during the period. Rockefeller Capital Management L.P.’s holdings in Advanced Drainage Systems were worth $7,589,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Advanced Drainage Systems by 352.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock valued at $26,000 after purchasing an additional 176 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Advanced Drainage Systems during the 3rd quarter worth approximately $36,000. Kestra Advisory Services LLC acquired a new stake in shares of Advanced Drainage Systems during the 4th quarter worth approximately $37,000. Los Angeles Capital Management LLC purchased a new stake in shares of Advanced Drainage Systems during the 4th quarter valued at approximately $42,000. Finally, Clearstead Advisors LLC raised its position in shares of Advanced Drainage Systems by 150.8% during the 4th quarter. Clearstead Advisors LLC now owns 301 shares of the construction company’s stock valued at $44,000 after buying an additional 181 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Performance

Shares of WMS stock opened at $155.15 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.35 and a current ratio of 2.42. The firm has a market cap of $11.89 billion, a P/E ratio of 28.52, a P/E/G ratio of 1.61 and a beta of 1.29. The firm’s 50 day moving average price is $141.59 and its 200-day moving average price is $148.64. Advanced Drainage Systems, Inc. has a one year low of $109.63 and a one year high of $179.32.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, May 21st. The construction company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.12. Advanced Drainage Systems had a net margin of 13.98% and a return on equity of 26.63%. The firm had revenue of $676.76 million during the quarter, compared to the consensus estimate of $651.92 million. During the same quarter last year, the firm earned $1.03 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.55 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.20 per share. This is an increase from Advanced Drainage Systems’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, June 1st. Advanced Drainage Systems’s dividend payout ratio (DPR) is 14.71%.

Analyst Ratings Changes

A number of research firms recently commented on WMS. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Monday, April 20th. Zacks Research downgraded Advanced Drainage Systems from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. Royal Bank Of Canada upped their price target on Advanced Drainage Systems from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. UBS Group lowered their price target on Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Finally, Oppenheimer cut their price objective on Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, May 26th. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and a consensus target price of $185.75.

Advanced Drainage Systems Company Profile

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.