Susquehanna Fundamental Investments LLC Acquires New Shares in Advanced Drainage Systems, Inc. $WMS

Susquehanna Fundamental Investments LLC purchased a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 118,313 shares of the construction company’s stock, valued at approximately $18,570,000.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Advanced Drainage Systems during the second quarter worth about $1,172,482,000. Norges Bank bought a new position in shares of Advanced Drainage Systems in the fourth quarter valued at $156,587,000. Wellington Management Group LLP grew its stake in shares of Advanced Drainage Systems by 234.0% in the third quarter. Wellington Management Group LLP now owns 1,188,906 shares of the construction company’s stock valued at $164,901,000 after buying an additional 832,929 shares in the last quarter. Bamco Inc. NY acquired a new position in Advanced Drainage Systems during the second quarter worth $106,800,000. Finally, Amundi increased its holdings in Advanced Drainage Systems by 80.9% during the fourth quarter. Amundi now owns 1,279,576 shares of the construction company’s stock worth $185,324,000 after buying an additional 572,193 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Stock Performance

Shares of NYSE:WMS opened at $137.11 on Monday. Advanced Drainage Systems, Inc. has a 12-month low of $128.03 and a 12-month high of $179.32. The company’s 50 day moving average price is $145.99 and its two-hundred day moving average price is $146.29. The firm has a market cap of $10.34 billion, a PE ratio of 23.68, a PEG ratio of 1.50 and a beta of 1.27. The company has a quick ratio of 1.18, a current ratio of 2.12 and a debt-to-equity ratio of 0.95.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, August 6th. The construction company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.39. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.39 million. Advanced Drainage Systems had a return on equity of 28.28% and a net margin of 14.00%.The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.95 EPS. Equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.62 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio is currently 13.82%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. DA Davidson started coverage on shares of Advanced Drainage Systems in a research note on Tuesday, August 25th. They issued a “buy” rating and a $190.00 price target for the company. National Bank Financial set a $190.00 target price on shares of Advanced Drainage Systems in a report on Monday, August 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Friday, July 17th. Barclays upped their price objective on Advanced Drainage Systems from $181.00 to $191.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Finally, UBS Group increased their price target on Advanced Drainage Systems from $205.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Advanced Drainage Systems has an average rating of “Moderate Buy” and a consensus price target of $188.70.

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.