TIAA CREF Investment Management LLC decreased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 7.2% during the first quarter, Holdings Channel reports. The fund owned 100,782 shares of the construction company’s stock after selling 7,786 shares during the period. TIAA CREF Investment Management LLC’s holdings in Advanced Drainage Systems were worth $2,207,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Capital Fund Management S.A. bought a new stake in shares of Advanced Drainage Systems during the first quarter worth about $550,000. American Century Companies Inc. bought a new stake in shares of Advanced Drainage Systems during the first quarter worth about $1,288,000. Algert Global LLC bought a new stake in shares of Advanced Drainage Systems during the first quarter worth about $965,000. Wells Fargo & Company MN increased its stake in shares of Advanced Drainage Systems by 19.3% in the first quarter. Wells Fargo & Company MN now owns 32,136 shares of the construction company’s stock worth $703,000 after buying an additional 5,205 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in shares of Advanced Drainage Systems by 3,123.3% in the first quarter. Manchester Capital Management LLC now owns 9,670 shares of the construction company’s stock worth $212,000 after buying an additional 9,370 shares during the last quarter. 79.62% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Drainage Systems, Inc. (NYSE:WMS) opened at 19.95 on Friday. The company has a 50 day moving average of $20.27 and a 200-day moving average of $21.82. The stock has a market cap of $1.10 billion, a P/E ratio of 39.90 and a beta of 0.92. Advanced Drainage Systems, Inc. has a 12-month low of $18.60 and a 12-month high of $27.32.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.06. Advanced Drainage Systems had a net margin of 2.50% and a return on equity of 71.78%. The company had revenue of $358.36 million for the quarter, compared to analyst estimates of $372.63 million. During the same quarter last year, the company earned $0.29 EPS. The business’s revenue was up .2% compared to the same quarter last year. Equities analysts forecast that Advanced Drainage Systems, Inc. will post $1.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.40%. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 60.87%.

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A number of brokerages have recently issued reports on WMS. Royal Bank Of Canada reaffirmed a “hold” rating and set a $25.00 price target on shares of Advanced Drainage Systems in a report on Monday, April 24th. Zacks Investment Research raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Boenning Scattergood reaffirmed a “hold” rating on shares of Advanced Drainage Systems in a report on Thursday, May 25th. Finally, BidaskClub raised shares of Advanced Drainage Systems from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.33.

In other news, CEO Joseph A. Chlapaty bought 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were purchased at an average price of $19.39 per share, for a total transaction of $581,700.00. Following the completion of the transaction, the chief executive officer now directly owns 227,786 shares in the company, valued at $4,416,770.54. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Joseph A. Chlapaty bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average price of $20.28 per share, for a total transaction of $202,800.00. Following the transaction, the chairman now owns 227,786 shares of the company’s stock, valued at $4,619,500.08. The disclosure for this purchase can be found here. Corporate insiders own 21.43% of the company’s stock.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.

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Institutional Ownership by Quarter for Advanced Drainage Systems (NYSE:WMS)

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