Lombard Odier Asset Management Europe Ltd Acquires 51,707 Shares of Advanced Drainage Systems, Inc. $WMS

Lombard Odier Asset Management Europe Ltd increased its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 87.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,124 shares of the construction company’s stock after purchasing an additional 51,707 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Advanced Drainage Systems were worth $15,238,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WMS. State Street Corp raised its position in 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 worth $353,949,000 after purchasing an additional 75,777 shares during the period. Pictet Asset Management Holding SA boosted its position in Advanced Drainage Systems by 32.9% during the first quarter. Pictet Asset Management Holding SA now owns 2,204,801 shares of the construction company’s stock valued at $302,290,000 after buying an additional 546,298 shares during the period. Amundi boosted its position in Advanced Drainage Systems by 0.7% during the first quarter. Amundi now owns 1,288,672 shares of the construction company’s stock valued at $176,734,000 after buying an additional 9,096 shares during the period. Geode Capital Management LLC grew its stake in shares of Advanced Drainage Systems by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 1,271,453 shares of the construction company’s stock valued at $184,184,000 after buying an additional 15,069 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Advanced Drainage Systems by 6.3% during the 4th quarter. Wellington Management Group LLP now owns 1,264,156 shares of the construction company’s stock worth $183,088,000 after acquiring an additional 75,250 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WMS. KeyCorp restated an “overweight” rating on shares of Advanced Drainage Systems in a research report on Monday, June 22nd. Zacks Research upgraded Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Barclays boosted their price target on Advanced Drainage Systems from $181.00 to $191.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Oppenheimer dropped their price target on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 26th. Finally, Stephens upgraded Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $190.00 to $175.00 in a research note on Wednesday, May 27th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $187.00.

Advanced Drainage Systems Stock Performance

WMS opened at $138.75 on Monday. Advanced Drainage Systems, Inc. has a 12-month low of $110.85 and a 12-month high of $179.32. The company’s 50 day moving average is $142.91 and its 200 day moving average is $148.26. The company has a current ratio of 2.42, a quick ratio of 1.35 and a debt-to-equity ratio of 0.92. The company has a market cap of $10.63 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 1.49 and a beta of 1.26.

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 the consensus estimate 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 in the prior year, the business posted $1.03 EPS. Advanced Drainage Systems’s revenue was up 9.9% on a year-over-year basis. On average, equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.55 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, June 1st. Advanced Drainage Systems’s dividend payout ratio is currently 14.71%.

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.