Pictet Asset Management Holding SA Has $361.85 Million Stock Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Pictet Asset Management Holding SA decreased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 3.1% during the 4th quarter, Holdings Channel reports. The fund owned 3,130,155 shares of the construction company’s stock after selling 98,861 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Advanced Drainage Systems were worth $361,846,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Millburn Ridgefield Corp grew its holdings in shares of Advanced Drainage Systems by 642.4% in the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock valued at $77,000 after buying an additional 424 shares during the period. UMB Bank n.a. lifted its holdings 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. Spire Wealth Management acquired a new position in Advanced Drainage Systems in the fourth quarter valued at about $94,000. First Horizon Advisors Inc. increased its holdings in shares of Advanced Drainage Systems by 18.3% in the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock worth $102,000 after acquiring an additional 137 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Advanced Drainage Systems by 12.0% during the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after purchasing an additional 108 shares during the period. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WMS shares. UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Wednesday, January 8th. Barclays reduced their price target on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a 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 Wednesday, March 5th. Loop Capital cut their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Finally, Stephens reiterated 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 analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $164.25.

Advanced Drainage Systems Stock Down 0.9 %

Advanced Drainage Systems stock opened at $111.20 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. Advanced Drainage Systems, Inc. has a 1-year low of $101.90 and a 1-year high of $184.27. The company has a fifty day simple moving average of $117.30 and a 200 day simple moving average of $130.56. The company has a market cap of $8.63 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share 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%. Research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio (DPR) is 10.70%.

Advanced Drainage Systems Company 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.