Ameriprise Financial Inc. Has $78.09 Million Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Ameriprise Financial Inc. boosted its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 100.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 675,649 shares of the construction company’s stock after purchasing an additional 339,329 shares during the period. Ameriprise Financial Inc.’s holdings in Advanced Drainage Systems were worth $78,094,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB increased its stake in Advanced Drainage Systems by 6.1% in the fourth quarter. Nordea Investment Management AB now owns 73,203 shares of the construction company’s stock valued at $8,554,000 after acquiring an additional 4,221 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Advanced Drainage Systems by 50.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company’s stock worth $11,186,000 after buying an additional 32,418 shares in the last quarter. Outlook Wealth Advisors LLC lifted its position in shares of Advanced Drainage Systems by 29.4% during the 4th quarter. Outlook Wealth Advisors LLC now owns 2,701 shares of the construction company’s stock worth $312,000 after buying an additional 613 shares during the last quarter. Foresight Group Ltd Liability Partnership boosted its stake in Advanced Drainage Systems by 16.3% in the fourth quarter. Foresight Group Ltd Liability Partnership now owns 7,828 shares of the construction company’s stock valued at $899,000 after buying an additional 1,097 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after acquiring an additional 88 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Stock Performance

Shares of WMS opened at $115.21 on Friday. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The firm’s fifty day simple moving average is $108.80 and its two-hundred day simple moving average is $120.53. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $184.27. The stock has a market capitalization of $8.94 billion, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. As a group, analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Wall Street Analyst Weigh In

WMS has been the topic of several research reports. Stephens reaffirmed an “equal weight” rating and set a $135.00 price target on shares of Advanced Drainage Systems in a report on Friday, February 7th. StockNews.com raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Monday, May 5th. Loop Capital lowered their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, February 7th. KeyCorp cut their price target on Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Advanced Drainage Systems in a report on Tuesday, April 1st. They issued a “buy” rating and a $134.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and an average price target of $149.25.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.