Fideuram Intesa Sanpaolo Private Banking S.P.A. Purchases New Position in Advanced Drainage Systems, Inc. $WMS

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS) during the 4th quarter, HoldingsChannel reports. The fund purchased 21,188 shares of the construction company’s stock, valued at approximately $3,069,000.

Several other institutional investors have also bought and sold shares of the stock. State Street Corp boosted its stake in Advanced Drainage Systems by 3.1% in the 3rd quarter. State Street Corp now owns 2,551,901 shares of the construction company’s stock valued at $353,949,000 after buying an additional 75,777 shares in the last quarter. First Trust Advisors LP boosted its stake in Advanced Drainage Systems by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 2,416,942 shares of the construction company’s stock valued at $335,230,000 after buying an additional 238,179 shares in the last quarter. American Century Companies Inc. boosted its stake in Advanced Drainage Systems by 6.5% in the 3rd quarter. American Century Companies Inc. now owns 1,472,176 shares of the construction company’s stock valued at $204,191,000 after buying an additional 90,106 shares in the last quarter. Wellington Management Group LLP boosted its stake in Advanced Drainage Systems by 234.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,188,906 shares of the construction company’s stock valued at $164,901,000 after buying an additional 832,929 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Advanced Drainage Systems by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,138,378 shares of the construction company’s stock valued at $157,889,000 after buying an additional 16,118 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Up 3.8%

Shares of WMS opened at $136.57 on Thursday. The company has a quick ratio of 3.08, a current ratio of 4.12 and a debt-to-equity ratio of 0.72. Advanced Drainage Systems, Inc. has a 12-month low of $105.14 and a 12-month high of $179.32. The firm has a market capitalization of $10.64 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 1.38 and a beta of 1.33. The stock’s fifty day simple moving average is $142.80 and its 200-day simple moving average is $150.22.

Analyst Ratings Changes

A number of research firms have commented on WMS. Barclays reduced their price objective on Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Robert W. Baird set a $205.00 price objective on Advanced Drainage Systems in a research note on Friday, February 6th. KeyCorp boosted their price objective on Advanced Drainage Systems from $180.00 to $198.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Oppenheimer reissued an “outperform” rating and issued a $195.00 price objective (down from $200.00) on shares of Advanced Drainage Systems in a research note on Friday, April 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $199.83.

Advanced Drainage Systems 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.