Geneva Capital Management LLC Has $27.13 Million Stake in Advanced Drainage Systems, Inc. (NYSE:WMS)

Geneva Capital Management LLC decreased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,899 shares of the construction company’s stock after selling 434 shares during the quarter. Geneva Capital Management LLC owned approximately 0.25% of Advanced Drainage Systems worth $27,129,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. William Blair Investment Management LLC raised its position in shares of Advanced Drainage Systems by 13.3% in the 3rd quarter. William Blair Investment Management LLC now owns 1,445,326 shares of the construction company’s stock worth $164,521,000 after acquiring an additional 169,517 shares in the last quarter. Cerity Partners LLC increased its position in Advanced Drainage Systems by 428.8% in the 4th quarter. Cerity Partners LLC now owns 22,449 shares of the construction company’s stock valued at $3,157,000 after buying an additional 18,204 shares in the last quarter. Vanguard Group Inc. increased its position in Advanced Drainage Systems by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,878,726 shares of the construction company’s stock valued at $783,005,000 after buying an additional 65,038 shares in the last quarter. Pacer Advisors Inc. increased its position in Advanced Drainage Systems by 82.9% in the 4th quarter. Pacer Advisors Inc. now owns 13,990 shares of the construction company’s stock valued at $1,968,000 after buying an additional 6,343 shares in the last quarter. Finally, Natixis Advisors L.P. increased its position in Advanced Drainage Systems by 9.8% in the 4th quarter. Natixis Advisors L.P. now owns 174,580 shares of the construction company’s stock valued at $24,552,000 after buying an additional 15,557 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Activity

In related news, Director Ross M. Jones sold 762,895 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $163.00, for a total value of $124,351,885.00. Following the completion of the sale, the director now owns 70,749 shares of the company’s stock, valued at $11,532,087. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Michael G. Huebert sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $163.52, for a total transaction of $1,635,200.00. Following the completion of the transaction, the executive vice president now directly owns 13,450 shares in the company, valued at $2,199,344. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ross M. Jones sold 762,895 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $163.00, for a total value of $124,351,885.00. Following the transaction, the director now owns 70,749 shares of the company’s stock, valued at $11,532,087. The disclosure for this sale can be found here. Insiders own 3.79% of the company’s stock.

Analyst Ratings Changes

WMS has been the subject of a number of recent research reports. KeyCorp boosted their price objective on Advanced Drainage Systems from $160.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Stephens boosted their price objective on Advanced Drainage Systems from $138.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Northcoast Research initiated coverage on Advanced Drainage Systems in a research note on Wednesday. They issued a “buy” rating and a $190.00 target price on the stock. Oppenheimer boosted their target price on Advanced Drainage Systems from $172.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Finally, StockNews.com upgraded Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and an average target price of $162.56.

Advanced Drainage Systems Price Performance

WMS stock traded up $4.15 during mid-day trading on Thursday, hitting $172.35. 326,199 shares of the stock were exchanged, compared to its average volume of 453,610. The stock has a market capitalization of $13.38 billion, a price-to-earnings ratio of 26.74, a PEG ratio of 1.49 and a beta of 1.51. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.03 and a quick ratio of 2.04. Advanced Drainage Systems, Inc. has a 12 month low of $84.71 and a 12 month high of $176.31. The business has a fifty day moving average price of $164.71 and a 200 day moving average price of $143.28.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, February 8th. The construction company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.44. Advanced Drainage Systems had a net margin of 17.65% and a return on equity of 49.79%. The business had revenue of $662.37 million for the quarter, compared to analysts’ expectations of $632.69 million. During the same period last year, the business earned $0.99 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.09 EPS for the current year.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.