Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Sold by Deutsche Bank AG

Deutsche Bank AG reduced its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 28.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,254 shares of the construction company’s stock after selling 44,094 shares during the period. Deutsche Bank AG owned about 0.15% of Advanced Drainage Systems worth $13,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in WMS. Norges Bank purchased a new stake in Advanced Drainage Systems in the 4th quarter worth $86,185,000. Impax Asset Management Group plc increased its holdings in Advanced Drainage Systems by 34.6% in 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 acquiring an additional 650,052 shares in the last quarter. First Trust Advisors LP increased its holdings in Advanced Drainage Systems by 45.8% in the 4th quarter. First Trust Advisors LP now owns 1,732,827 shares of the construction company’s stock worth $200,315,000 after acquiring an additional 544,109 shares in the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in Advanced Drainage Systems in the 4th quarter worth $46,997,000. Finally, Amundi increased its holdings in Advanced Drainage Systems by 72.2% in the 4th quarter. Amundi now owns 854,764 shares of the construction company’s stock worth $98,678,000 after acquiring an additional 358,271 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Trading Down 2.9%

Shares of WMS stock opened at $118.21 on Friday. The company’s 50-day moving average price is $109.45 and its 200-day moving average price is $119.74. 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 stock has a market cap of $9.17 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 1.13 and a beta of 1.31. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $184.27.

Advanced Drainage Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.18 per share. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a dividend yield of 0.61%. Advanced Drainage Systems’s payout ratio is presently 10.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Loop Capital cut their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of Advanced Drainage Systems in a report on Tuesday, April 1st. They issued a “buy” rating and a $134.00 price target for the company. KeyCorp dropped their target price 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. Barclays dropped their target price on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, Stephens reaffirmed an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.