Advanced Drainage Systems, Inc. $WMS Position Lessened by Rathbones Group PLC

Rathbones Group PLC reduced its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,152 shares of the construction company’s stock after selling 5,073 shares during the period. Rathbones Group PLC owned 0.20% of Advanced Drainage Systems worth $22,036,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in Advanced Drainage Systems by 352.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock valued at $26,000 after buying an additional 176 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in Advanced Drainage Systems during the third quarter valued at about $33,000. Cullen Frost Bankers Inc. raised its holdings in Advanced Drainage Systems by 1,242.1% during the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the construction company’s stock valued at $35,000 after buying an additional 236 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Advanced Drainage Systems during the third quarter valued at about $36,000. Finally, Larson Financial Group LLC raised its holdings in Advanced Drainage Systems by 24.4% during the fourth quarter. Larson Financial Group LLC now owns 377 shares of the construction company’s stock valued at $55,000 after buying an additional 74 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Trading Down 1.1%

Advanced Drainage Systems stock opened at $135.30 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.08 and a current ratio of 4.12. The business’s 50-day simple moving average is $142.50 and its 200-day simple moving average is $150.18. The firm has a market capitalization of $10.54 billion, a PE ratio of 22.51, a PEG ratio of 1.43 and a beta of 1.33. Advanced Drainage Systems, Inc. has a 52 week low of $105.14 and a 52 week high of $179.32.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. The business had revenue of $676.76 million for the quarter, compared to analyst estimates of $651.92 million. Advanced Drainage Systems had a return on equity of 27.72% and a net margin of 15.75%.The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. Equities research analysts forecast that Advanced Drainage Systems, Inc. will post 6.2 earnings per share for the current year.

Advanced Drainage Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.20 dividend. The ex-dividend date is Monday, June 1st. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio is presently 11.98%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. KeyCorp raised their target price on Advanced Drainage Systems from $180.00 to $198.00 and gave the company an “overweight” rating in a report on Friday, February 6th. UBS Group set a $215.00 target price on Advanced Drainage Systems and gave the company a “buy” rating in a report on Friday, February 6th. Barclays cut their target price on Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Monday, April 20th. Finally, Robert W. Baird set a $205.00 target price on Advanced Drainage Systems in a report on Friday, February 6th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $199.83.

Advanced Drainage Systems Profile

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.