Stockbridge Partners LLC raised its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 12.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,756,420 shares of the construction company’s stock after buying an additional 425,251 shares during the quarter. Advanced Drainage Systems accounts for about 3.8% of Stockbridge Partners LLC’s investment portfolio, making the stock its 12th largest position. Stockbridge Partners LLC owned about 6.72% of Advanced Drainage Systems worth $76,068,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WMS. Berkshire Partners LLC grew its holdings in Advanced Drainage Systems by 154.4% in the 3rd quarter. Berkshire Partners LLC now owns 5,257,355 shares of the construction company’s stock valued at $106,461,000 after buying an additional 3,191,003 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new stake in Advanced Drainage Systems in the 3rd quarter valued at approximately $26,964,000. GCA Investment Management LLC acquired a new stake in Advanced Drainage Systems in the 2nd quarter valued at approximately $16,841,000. Russell Investments Group Ltd. acquired a new stake in Advanced Drainage Systems in the 3rd quarter valued at approximately $9,196,000. Finally, Impax Asset Management LTD grew its holdings in Advanced Drainage Systems by 4.8% in the 3rd quarter. Impax Asset Management LTD now owns 4,483,199 shares of the construction company’s stock valued at $90,785,000 after buying an additional 203,697 shares during the last quarter. 80.58% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Robert M. Klein sold 20,000 shares of Advanced Drainage Systems stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $20.77, for a total transaction of $415,400.00. Following the sale, the executive vice president now owns 340,205 shares of the company’s stock, valued at approximately $7,066,057.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 21.43% of the stock is currently owned by company insiders.

A number of research firms have issued reports on WMS. Citigroup began coverage on Advanced Drainage Systems in a report on Wednesday, November 29th. They issued a “neutral” rating and a $26.00 target price on the stock. BidaskClub raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. ValuEngine raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Zacks Investment Research lowered Advanced Drainage Systems from a “buy” rating to a “sell” rating in a report on Thursday, August 10th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $25.00 target price on shares of Advanced Drainage Systems in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $24.75.

Shares of Advanced Drainage Systems, Inc. (NYSE WMS) traded down $0.35 during trading hours on Thursday, hitting $23.15. The stock had a trading volume of 202,100 shares, compared to its average volume of 362,279. Advanced Drainage Systems, Inc. has a one year low of $17.90 and a one year high of $26.30. The firm has a market cap of $1,314.39, a price-to-earnings ratio of 67.14 and a beta of 1.04. The company has a debt-to-equity ratio of 4.47, a current ratio of 2.26 and a quick ratio of 1.32.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.08). Advanced Drainage Systems had a return on equity of 41.08% and a net margin of 1.97%. The firm had revenue of $401.00 million for the quarter, compared to analyst estimates of $376.45 million. During the same period in the previous year, the business posted $0.35 EPS. Advanced Drainage Systems’s revenue for the quarter was up 11.1% compared to the same quarter last year. equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 0.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, November 30th. Advanced Drainage Systems’s payout ratio is presently 75.68%.

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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.

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

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