Advanced Drainage Systems, Inc. $WMS Shares Acquired by Strs Ohio

Strs Ohio increased its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 229.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,790 shares of the construction company’s stock after buying an additional 31,198 shares during the quarter. Strs Ohio’s holdings in Advanced Drainage Systems were worth $6,142,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its position in Advanced Drainage Systems by 2.8% during the 4th quarter. Captrust Financial Advisors now owns 2,170 shares of the construction company’s stock worth $314,000 after acquiring an additional 60 shares during the period. Northwestern Mutual Investment Management Company LLC increased its holdings in shares of Advanced Drainage Systems by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 16,007 shares of the construction company’s stock valued at $2,318,000 after purchasing an additional 63 shares during the period. MML Investors Services LLC increased its holdings in shares of Advanced Drainage Systems by 3.4% during the fourth quarter. MML Investors Services LLC now owns 1,961 shares of the construction company’s stock valued at $284,000 after purchasing an additional 64 shares during the period. Larson Financial Group LLC raised its stake in shares of 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 purchasing an additional 74 shares in the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in shares of Advanced Drainage Systems by 78.1% during the first quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock valued at $33,000 after purchasing an additional 107 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Up 0.0%

NYSE:WMS opened at $152.24 on Monday. The business’s fifty day moving average price is $141.85 and its 200 day moving average price is $148.84. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 1.64 and a beta of 1.26. The company has a current ratio of 2.42, a quick ratio of 1.35 and a debt-to-equity ratio of 0.92. Advanced Drainage Systems, Inc. has a 1-year low of $109.63 and a 1-year high of $179.32.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.12. Advanced Drainage Systems had a return on equity of 26.63% and a net margin of 13.98%.The firm had revenue of $676.76 million during the quarter, compared to analyst estimates of $651.92 million. During the same period last year, the company posted $1.03 EPS. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts forecast that Advanced Drainage Systems, Inc. will post 6.55 earnings per share for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was 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 yield of 0.5%. Advanced Drainage Systems’s payout ratio is presently 14.71%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WMS shares. Zacks Research lowered shares of Advanced Drainage Systems from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 17th. KeyCorp restated an “overweight” rating on shares of Advanced Drainage Systems in a research report on Monday, June 22nd. Oppenheimer reduced their price target on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday, May 26th. Barclays decreased their price objective on shares of Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Finally, Stephens raised Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $190.00 to $175.00 in a report on Wednesday, May 27th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $185.75.

Advanced Drainage Systems Company 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.