Swedbank AB Has $30.53 Million Stock Position in Advanced Drainage Systems, Inc. $WMS

Swedbank AB lessened its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 41.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 210,800 shares of the construction company’s stock after selling 150,430 shares during the period. Swedbank AB’s holdings in Advanced Drainage Systems were worth $30,530,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in WMS. Wellington Management Group LLP grew its position in shares of Advanced Drainage Systems by 234.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,188,906 shares of the construction company’s stock worth $164,901,000 after purchasing an additional 832,929 shares in the last quarter. Interval Partners LP grew its position in shares of Advanced Drainage Systems by 98.0% during the 3rd quarter. Interval Partners LP now owns 968,534 shares of the construction company’s stock worth $134,336,000 after purchasing an additional 479,413 shares in the last quarter. SG Capital Management LLC acquired a new position in shares of Advanced Drainage Systems during the 3rd quarter worth approximately $45,591,000. Franklin Resources Inc. grew its position in shares of Advanced Drainage Systems by 586.9% during the 3rd quarter. Franklin Resources Inc. now owns 285,810 shares of the construction company’s stock worth $39,642,000 after purchasing an additional 244,202 shares in the last quarter. Finally, Capital International Investors grew its position in shares of Advanced Drainage Systems by 34.9% during the 3rd quarter. Capital International Investors now owns 933,851 shares of the construction company’s stock worth $129,525,000 after purchasing an additional 241,500 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on WMS shares. Royal Bank Of Canada increased their target price on shares of Advanced Drainage Systems from $176.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Oppenheimer restated an “outperform” rating and set a $195.00 target price (down from $200.00) on shares of Advanced Drainage Systems in a research report on Friday, April 17th. UBS Group set a $215.00 target price on shares of Advanced Drainage Systems and gave the stock a “buy” rating in a research report on Friday, February 6th. Barclays decreased their target price on shares of Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Monday, April 20th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and an average price target of $190.29.

Advanced Drainage Systems Stock Performance

NYSE WMS opened at $143.96 on Friday. The company has a current ratio of 4.12, a quick ratio of 3.08 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $11.21 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 1.56 and a beta of 1.33. The firm’s 50 day simple moving average is $146.94 and its 200 day simple moving average is $150.44. Advanced Drainage Systems, Inc. has a 1 year low of $104.69 and a 1 year high of $179.32.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings results on Thursday, February 5th. The construction company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.16. The business had revenue of $693.35 million for the quarter, compared to analyst estimates of $686.37 million. Advanced Drainage Systems had a net margin of 15.75% and a return on equity of 27.72%. The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS. As a group, research analysts expect that Advanced Drainage Systems, Inc. will post 6.19 earnings per share for the current fiscal year.

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.