Thrivent Financial for Lutherans Has $16.21 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Thrivent Financial for Lutherans trimmed its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 89.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 140,195 shares of the construction company’s stock after selling 1,154,741 shares during the quarter. Thrivent Financial for Lutherans owned about 0.18% of Advanced Drainage Systems worth $16,206,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of WMS. CIBC Asset Management Inc boosted its position in shares of Advanced Drainage Systems by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock worth $357,000 after purchasing an additional 79 shares in the last quarter. UMB Bank n.a. raised its stake in Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after buying an additional 88 shares during the period. Blue Trust Inc. boosted its holdings in Advanced Drainage Systems by 12.0% in the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after acquiring an additional 108 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in Advanced Drainage Systems by 4.8% in the third quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock worth $379,000 after acquiring an additional 111 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake in Advanced Drainage Systems by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company’s stock valued at $231,000 after acquiring an additional 125 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Trading Down 1.2 %

NYSE:WMS opened at $108.33 on Friday. Advanced Drainage Systems, Inc. has a 52 week low of $101.90 and a 52 week high of $184.27. The firm has a 50-day moving average price of $118.00 and a two-hundred day moving average price of $131.44. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The firm has a market cap of $8.40 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. On average, equities analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 10.70%.

Analyst Ratings Changes

WMS has been the topic of a number of research reports. StockNews.com raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Loop Capital lowered 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 report on Friday, February 7th. Barclays reduced their price objective 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. Stephens restated an “equal weight” rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. Finally, UBS Group raised Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Wednesday, January 8th. Two 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 currently has a consensus rating of “Moderate Buy” and an average price target of $164.25.

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.