Geode Capital Management LLC Raises Position in Advanced Drainage Systems Inc (WMS)

Geode Capital Management LLC increased its position in Advanced Drainage Systems Inc (NYSE:WMS) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 473,551 shares of the construction company’s stock after acquiring an additional 40,693 shares during the period. Geode Capital Management LLC owned approximately 0.83% of Advanced Drainage Systems worth $11,483,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMS. JPMorgan Chase & Co. grew its holdings in shares of Advanced Drainage Systems by 12.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,943,128 shares of the construction company’s stock worth $60,041,000 after acquiring an additional 219,049 shares during the period. Vanguard Group Inc grew its holdings in shares of Advanced Drainage Systems by 6.3% in the 3rd quarter. Vanguard Group Inc now owns 3,493,825 shares of the construction company’s stock worth $107,959,000 after acquiring an additional 206,839 shares during the period. Vanguard Group Inc. grew its holdings in shares of Advanced Drainage Systems by 6.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,493,825 shares of the construction company’s stock worth $107,959,000 after acquiring an additional 206,839 shares during the period. Federated Investors Inc. PA grew its holdings in shares of Advanced Drainage Systems by 39.2% in the 3rd quarter. Federated Investors Inc. PA now owns 486,418 shares of the construction company’s stock worth $15,031,000 after acquiring an additional 136,949 shares during the period. Finally, Deutsche Bank AG grew its holdings in Advanced Drainage Systems by 33.9% during the 3rd quarter. Deutsche Bank AG now owns 452,092 shares of the construction company’s stock valued at $13,967,000 after buying an additional 114,506 shares during the last quarter. Institutional investors and hedge funds own 80.84% of the company’s stock.

In other Advanced Drainage Systems news, EVP Ronald R. Vitarelli sold 2,500 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $25.47, for a total transaction of $63,675.00. Following the sale, the executive vice president now owns 30,285 shares in the company, valued at approximately $771,358.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. 20.97% of the stock is currently owned by corporate insiders.

WMS has been the topic of a number of analyst reports. Zacks Investment Research upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Friday, April 12th. Citigroup lowered their target price on Advanced Drainage Systems from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Friday, January 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.50.

NYSE:WMS traded up $0.86 during trading hours on Friday, reaching $28.82. 114,240 shares of the company traded hands, compared to its average volume of 280,395. The stock has a market cap of $1.61 billion, a PE ratio of 35.58 and a beta of 1.01. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.95 and a current ratio of 2.24. Advanced Drainage Systems Inc has a 1-year low of $23.04 and a 1-year high of $33.50.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, February 7th. The construction company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.06). The company had revenue of $318.11 million for the quarter, compared to analyst estimates of $339.61 million. Advanced Drainage Systems had a net margin of 4.98% and a return on equity of 37.87%. Advanced Drainage Systems’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. As a group, equities research analysts predict that Advanced Drainage Systems Inc will post 1.17 earnings per share for the current fiscal year.

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About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.

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Institutional Ownership by Quarter for Advanced Drainage Systems (NYSE:WMS)

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