Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Bought by DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 59.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,231 shares of the construction company’s stock after buying an additional 5,300 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Advanced Drainage Systems were worth $1,645,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Advanced Drainage Systems during the 4th quarter worth $86,185,000. Impax Asset Management Group plc lifted its position in shares of Advanced Drainage Systems by 34.6% during the fourth quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company’s stock worth $291,723,000 after purchasing an additional 650,052 shares during the last quarter. First Trust Advisors LP grew its stake in Advanced Drainage Systems by 45.8% in the fourth quarter. First Trust Advisors LP now owns 1,732,827 shares of the construction company’s stock worth $200,315,000 after purchasing an additional 544,109 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in Advanced Drainage Systems in the fourth quarter valued at about $46,997,000. Finally, Amundi raised its stake in Advanced Drainage Systems by 72.2% during the fourth quarter. Amundi now owns 854,764 shares of the construction company’s stock valued at $98,678,000 after buying an additional 358,271 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on WMS shares. Loop Capital decreased their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, February 7th. KeyCorp decreased their price objective on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Stephens restated an “equal weight” rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 7th. StockNews.com raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 5th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Advanced Drainage Systems in a report on Tuesday, April 1st. They issued a “buy” rating and a $134.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and an average price target of $149.25.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS opened at $115.21 on Friday. The firm’s 50 day moving average is $108.80 and its two-hundred day moving average is $120.33. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $184.27. The firm has a market capitalization of $8.94 billion, a P/E ratio of 19.27, a PEG ratio of 1.13 and a beta of 1.31. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93.

Advanced Drainage Systems (NYSE:WMS) last posted 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 net margin of 15.90% and a return on equity of 35.79%. Analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Profile

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.