RidgeWorth Capital Management LLC cut its position in Advanced Drainage Systems Inc (NYSE:WMS) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,027 shares of the construction company’s stock after selling 502 shares during the period. RidgeWorth Capital Management LLC’s holdings in Advanced Drainage Systems were worth $636,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of WMS. Parametric Portfolio Associates LLC increased its stake in shares of Advanced Drainage Systems by 1,283.1% in the first quarter. Parametric Portfolio Associates LLC now owns 292,475 shares of the construction company’s stock worth $6,405,000 after buying an additional 271,329 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Advanced Drainage Systems by 44.2% in the first quarter. Ameriprise Financial Inc. now owns 90,740 shares of the construction company’s stock worth $1,987,000 after buying an additional 27,827 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Advanced Drainage Systems during the first quarter worth about $157,000. Swiss National Bank increased its position in shares of Advanced Drainage Systems by 3.4% in the first quarter. Swiss National Bank now owns 67,200 shares of the construction company’s stock worth $1,472,000 after buying an additional 2,200 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its position in shares of Advanced Drainage Systems by 8.5% in the first quarter. Pictet Asset Management Ltd. now owns 2,668,262 shares of the construction company’s stock worth $58,435,000 after buying an additional 208,674 shares in the last quarter. Hedge funds and other institutional investors own 69.78% of the company’s stock.
Advanced Drainage Systems Inc (NYSE:WMS) traded up 4.20% during trading on Friday, hitting $22.35. The stock had a trading volume of 387,132 shares. The stock’s 50 day moving average price is $22.44 and its 200 day moving average price is $22.00. Advanced Drainage Systems Inc has a 12-month low of $18.60 and a 12-month high of $28.49. The firm has a market cap of $1.23 billion, a P/E ratio of 36.64 and a beta of 1.09.
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A number of equities analysts have issued reports on the company. Royal Bank of Canada reiterated a “hold” rating and set a $25.00 price target on shares of Advanced Drainage Systems in a research report on Monday, April 24th. Zacks Investment Research upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, April 12th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.33.
In other news, COO Ronald R. Vitarelli sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $22.37, for a total transaction of $134,220.00. Following the sale, the chief operating officer now owns 59,698 shares of the company’s stock, valued at approximately $1,335,444.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 22.55% of the company’s stock.
About Advanced Drainage Systems
Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.
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