Thrivent Financial for Lutherans Purchases 65,768 Shares of Advanced Drainage Systems, Inc. $WMS

Thrivent Financial for Lutherans grew its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 47.8% during the fourth quarter, HoldingsChannel reports. The firm owned 203,483 shares of the construction company’s stock after buying an additional 65,768 shares during the period. Thrivent Financial for Lutherans’ holdings in Advanced Drainage Systems were worth $29,471,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp boosted its stake in shares of Advanced Drainage Systems by 3.1% in the 3rd quarter. State Street Corp now owns 2,551,901 shares of the construction company’s stock valued at $353,949,000 after purchasing an additional 75,777 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Advanced Drainage Systems by 10.9% in the 3rd quarter. First Trust Advisors LP now owns 2,416,942 shares of the construction company’s stock valued at $335,230,000 after purchasing an additional 238,179 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Advanced Drainage Systems by 6.5% in the 3rd quarter. American Century Companies Inc. now owns 1,472,176 shares of the construction company’s stock valued at $204,191,000 after purchasing an additional 90,106 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Advanced Drainage Systems by 234.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,188,906 shares of the construction company’s stock valued at $164,901,000 after purchasing an additional 832,929 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Advanced Drainage Systems by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,138,378 shares of the construction company’s stock valued at $157,889,000 after purchasing an additional 16,118 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Stock Up 0.0%

Advanced Drainage Systems stock opened at $135.66 on Monday. The company has a quick ratio of 3.08, a current ratio of 4.12 and a debt-to-equity ratio of 0.72. Advanced Drainage Systems, Inc. has a 12-month low of $105.14 and a 12-month high of $179.32. The firm’s fifty day moving average is $143.63 and its 200 day moving average is $150.33. The company has a market capitalization of $10.57 billion, a PE ratio of 22.57, a PEG ratio of 1.42 and a beta of 1.33.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on WMS shares. Oppenheimer reaffirmed an “outperform” rating and issued a $195.00 price objective (down from $200.00) on shares of Advanced Drainage Systems in a research note on Friday, April 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Monday, April 20th. Royal Bank Of Canada boosted their target price on shares of Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Barclays dropped their target price on shares of Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Finally, Robert W. Baird set a $205.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $199.83.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.