Mercer Global Advisors Inc. ADV Invests $613,000 in Advanced Drainage Systems, Inc. (NYSE:WMS)

Mercer Global Advisors Inc. ADV acquired a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,301 shares of the construction company’s stock, valued at approximately $613,000.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Advanced Drainage Systems by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company’s stock worth $847,610,000 after purchasing an additional 52,799 shares in the last quarter. Impax Asset Management Group plc grew its holdings in shares of Advanced Drainage Systems by 34.6% during the 4th 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 in the last quarter. First Trust Advisors LP grew its holdings in shares of Advanced Drainage Systems by 45.8% during the 4th 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. American Century Companies Inc. grew its holdings in shares of Advanced Drainage Systems by 1.2% during the 4th quarter. American Century Companies Inc. now owns 1,402,447 shares of the construction company’s stock worth $162,123,000 after purchasing an additional 16,415 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Advanced Drainage Systems by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 1,192,746 shares of the construction company’s stock worth $137,924,000 after purchasing an additional 5,868 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. StockNews.com raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Monday, May 5th. Barclays cut their target price on Advanced Drainage Systems from $149.00 to $130.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Stephens restated an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They set a “buy” rating and a $134.00 target price for the company. Finally, Loop Capital cut 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. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Advanced Drainage Systems has an average rating of “Moderate Buy” and a consensus price target of $149.25.

Advanced Drainage Systems Trading Down 0.7%

WMS stock opened at $115.21 on Monday. The business has a fifty day moving average price of $108.80 and a 200 day moving average price of $120.11. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week high of $184.27. The stock has a market capitalization of $8.94 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 1.13 and a beta of 1.31. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates 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 expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal 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.