Stockbridge Partners LLC Has Lifted Its Stake in Advanced Drain Sys INC Del (WMS) by $8.51 Million as Market Valuation Declined

February 20, 2018 - By Hazel Jackson

Investors sentiment increased to 1.59 in Q3 2017. Its up 0.59, from 1 in 2017Q2. It improved, as 11 investors sold WMS shares while 23 reduced holdings. 18 funds opened positions while 36 raised stakes. 42.73 million shares or 3.33% more from 41.35 million shares in 2017Q2 were reported. Par Capital Mngmt, Massachusetts-based fund reported 2.74M shares. Morgan Stanley holds 48,201 shares or 0% of its portfolio. California Employees Retirement Sys holds 0.01% of its portfolio in Advanced Drainage Systems, Inc. (NYSE:WMS) for 188,900 shares. Global X Ltd Llc invested in 1,844 shares or 0% of the stock. Pnc Svcs Gru holds 0.01% or 434,963 shares in its portfolio. Putnam Invs Limited Liability invested in 106,000 shares. Quantbot Techs Lp stated it has 2,143 shares or 0% of all its holdings. Tiaa Cref Inv Ltd Liability Corporation has 91,253 shares. Moreover, Dimensional Fund Advsrs LP has 0.01% invested in Advanced Drainage Systems, Inc. (NYSE:WMS). Alliancebernstein Limited Partnership reported 55,932 shares. Schwab Charles Mgmt holds 0% or 155,684 shares. 36,400 were accumulated by State Common Retirement Fund. Susquehanna Group Limited Liability Partnership has invested 0% in Advanced Drainage Systems, Inc. (NYSE:WMS). Credit Suisse Ag holds 0% or 41,173 shares in its portfolio. Ahl Ptnrs Llp accumulated 105,148 shares.

Sharlyn C. Heslam increased its stake in Advanced Drain Sys Inc Del (WMS) by 12.77% based on its latest 2017Q3 regulatory filing with the SEC. Stockbridge Partners Llc bought 425,251 shares as the company’s stock declined 0.22% while stock markets rallied. The hedge fund run by Sharlyn C. Heslam held 3.76 million shares of the capital goods company at the end of 2017Q3, valued at $76.07 million, up from 3.33M at the end of the previous reported quarter. Stockbridge Partners Llc who had been investing in Advanced Drain Sys Inc Del for a number of months, seems to be bullish on the $1.52 billion market cap company. It closed at $27 lastly. It is down 0.13% since February 20, 2017 and is downtrending. It has underperformed by 16.83% the S&P500.

Stockbridge Partners Llc, which manages about $1.82B and $1.99 billion US Long portfolio, decreased its stake in Tyler Technologies Inc (NYSE:TYL) by 24,147 shares to 564,385 shares, valued at $98.38M in 2017Q3, according to the filing. It also reduced its holding in Armstrong World Inds Inc New (NYSE:AWI) by 397,498 shares in the quarter, leaving it with 2.22M shares, and cut its stake in Sensata Technologies Hldg Nv (NYSE:ST).

More important recent Advanced Drainage Systems, Inc. (NYSE:WMS) news were published by: Nasdaq.com which released: “Advanced Drainage Systems Inc. Bottom Line Advances In Q3” on February 08, 2018, also Nasdaq.com published article titled: “Bear Of The Day: Advanced Drainage Systems (WMS)”, Nasdaq.com published: “Advanced Drainage Systems, Inc. (WMS) Ex-Dividend Date Scheduled for November …” on November 29, 2017. More interesting news about Advanced Drainage Systems, Inc. (NYSE:WMS) was released by: Seekingalpha.com and their article: “Advanced Drainage Systems’ (WMS) CEO Scott Barbour on Q2 2018 Results …” with publication date: November 02, 2017.

Advanced Drainage Systems, Inc. (NYSE:WMS) Ratings Coverage

Among 6 analysts covering Advanced Drainage Systems (NYSE:WMS), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Advanced Drainage Systems had 26 analyst reports since November 24, 2015 according to SRatingsIntel. The stock of Advanced Drainage Systems, Inc. (NYSE:WMS) has “Sector Perform” rating given on Friday, January 13 by RBC Capital Markets. The firm earned “Hold” rating on Monday, October 9 by RBC Capital Markets. The stock has “Equal-Weight” rating by Barclays Capital on Monday, February 12. The rating was maintained by RBC Capital Markets on Monday, May 29 with “Hold”. RBC Capital Markets maintained it with “Outperform” rating and $26 target in Friday, October 7 report. The rating was maintained by Deutsche Bank with “Hold” on Thursday, March 31. The stock of Advanced Drainage Systems, Inc. (NYSE:WMS) has “Hold” rating given on Friday, May 26 by Boenning & Scattergood. On Thursday, August 11 the stock rating was downgraded by Boenning & Scattergood to “Neutral”. The rating was maintained by Robert W. Baird with “Buy” on Thursday, February 8. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, November 30 report.

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