Stockbridge Partners buys $114,385,407 stake in Advanced Drainage Systems Inc (WMS)

Advanced Drainage Systems Inc (WMS) : Stockbridge Partners scooped up 1,035,762 additional shares in Advanced Drainage Systems Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 4,519,376 shares of Advanced Drainage Systems Inc which is valued at $114,385,407.Advanced Drainage Systems Inc makes up approximately 5.22% of Stockbridge Partners’s portfolio.

Other Hedge Funds, Including , Par Capital Management Inc boosted its stake in WMS in the latest quarter, The investment management firm added 597,700 additional shares and now holds a total of 2,000,000 shares of Advanced Drainage Systems Inc which is valued at $50,620,000. Advanced Drainage Systems Inc makes up approx 0.81% of Par Capital Management Inc’s portfolio. Marshall Wace Llp sold out all of its stake in WMS during the most recent quarter. The investment firm sold 43,984 shares of WMS which is valued $1,113,235.Credit Suisse Ag boosted its stake in WMS in the latest quarter, The investment management firm added 33,694 additional shares and now holds a total of 65,959 shares of Advanced Drainage Systems Inc which is valued at $1,669,422.Vanguard Group Inc boosted its stake in WMS in the latest quarter, The investment management firm added 120,802 additional shares and now holds a total of 2,514,220 shares of Advanced Drainage Systems Inc which is valued at $63,634,908.Penserra Capital Management boosted its stake in WMS in the latest quarter, The investment management firm added 142 additional shares and now holds a total of 427 shares of Advanced Drainage Systems Inc which is valued at $10,923.

Advanced Drainage Systems Inc opened for trading at $23.36 and hit $23.49 on the upside on Thursday, eventually ending the session at $23.24, with a gain of 0.48% or 0.11 points. The heightened volatility saw the trading volume jump to 5,05,357 shares. Company has a market cap of $1,265 M.

Many Wall Street Analysts have commented on Advanced Drainage Systems Inc. Company shares were Reiterated by RBC Capital Mkts on Jun 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 29 from a previous price target of $27 .

Advanced Drainage Systems Inc. designs manufactures and markets thermoplastic corrugated pipe and related water management products. The Company operates through two segments: Domestic and International. Its product line includes corrugated high density polyethylene (HDPE) pipe polypropylene (PP) pipe and related water management products. Its product categories include pipe fittings Nyloplast drainage structures StormTech chambers water quality onsite leaching systems and concrete structures. Its Domestic segment manufactures and markets products throughout the United States. Its International segment manufactures and markets products in regions outside of the United States with focus on its facilities in Canada and through its joint ventures and with local partners in Mexico Central America and South America. Its products are used across a range of markets and applications including non-residential residential agriculture and infrastructure applications.

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