Tredje AP fonden Invests $15.94 Million in Advanced Drainage Systems, Inc. $WMS

Tredje AP fonden bought a new position in Advanced Drainage Systems, Inc. (NYSE:WMS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 110,028 shares of the construction company’s stock, valued at approximately $15,935,000.

Several other institutional investors have also recently made changes to their positions in WMS. Northwestern Mutual Wealth Management Co. raised its position in shares of Advanced Drainage Systems by 352.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock worth $26,000 after acquiring an additional 176 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Advanced Drainage Systems in the 3rd quarter worth approximately $33,000. Cullen Frost Bankers Inc. raised its position in shares of Advanced Drainage Systems by 1,242.1% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the construction company’s stock worth $35,000 after acquiring an additional 236 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Advanced Drainage Systems in the 3rd quarter worth approximately $36,000. Finally, Larson Financial Group LLC raised its position in shares of Advanced Drainage Systems by 24.4% in the 4th quarter. Larson Financial Group LLC now owns 377 shares of the construction company’s stock worth $55,000 after acquiring an additional 74 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 issued reports on WMS shares. Robert W. Baird set a $205.00 target price on Advanced Drainage Systems in a research report on Friday, February 6th. Barclays decreased their target price on Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Monday, April 20th. UBS Group set a $215.00 target price on Advanced Drainage Systems and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, KeyCorp increased their target price on Advanced Drainage Systems from $180.00 to $198.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Advanced Drainage Systems has an average rating of “Moderate Buy” and a consensus target price of $199.83.

Advanced Drainage Systems Trading Down 2.7%

NYSE WMS opened at $131.56 on Wednesday. Advanced Drainage Systems, Inc. has a 12 month low of $105.14 and a 12 month high of $179.32. The stock has a market cap of $10.25 billion, a P/E ratio of 21.89, a P/E/G ratio of 1.42 and a beta of 1.33. The stock’s fifty day moving average price is $143.07 and its 200-day moving average price is $150.23. The company has a current ratio of 4.12, a quick ratio of 3.08 and a debt-to-equity ratio of 0.72.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.