Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMSGet Rating) by 0.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,599 shares of the construction company’s stock after acquiring an additional 105 shares during the quarter. Vontobel Holding Ltd.’s holdings in Advanced Drainage Systems were worth $2,929,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Advanced Drainage Systems by 47.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,730,806 shares of the construction company’s stock worth $235,614,000 after acquiring an additional 553,911 shares during the last quarter. Boston Partners raised its stake in Advanced Drainage Systems by 20.1% during the first quarter. Boston Partners now owns 1,701,136 shares of the construction company’s stock worth $202,072,000 after purchasing an additional 285,161 shares during the period. Artemis Investment Management LLP raised its stake in Advanced Drainage Systems by 17.5% during the first quarter. Artemis Investment Management LLP now owns 1,040,137 shares of the construction company’s stock worth $123,385,000 after purchasing an additional 155,179 shares during the period. State Street Corp raised its stake in Advanced Drainage Systems by 5.7% during the fourth quarter. State Street Corp now owns 843,902 shares of the construction company’s stock worth $114,880,000 after purchasing an additional 45,708 shares during the period. Finally, Geode Capital Management LLC raised its stake in Advanced Drainage Systems by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 691,972 shares of the construction company’s stock worth $94,198,000 after purchasing an additional 37,505 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Advanced Drainage Systems Stock Performance

NYSE:WMS opened at $138.49 on Friday. Advanced Drainage Systems, Inc. has a twelve month low of $80.81 and a twelve month high of $153.36. The company has a current ratio of 2.78, a quick ratio of 1.81 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 30.78 and a beta of 1.45. The firm’s fifty day simple moving average is $122.27 and its 200 day simple moving average is $112.68.

Advanced Drainage Systems (NYSE:WMSGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The construction company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $1.22. Advanced Drainage Systems had a net margin of 12.65% and a return on equity of 47.99%. The firm had revenue of $914.20 million for the quarter, compared to analyst estimates of $849.39 million. During the same quarter in the previous year, the business posted $0.87 EPS. The firm’s revenue was up 36.6% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.39 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be issued a $0.12 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $0.48 dividend on an annualized basis and a yield of 0.35%. Advanced Drainage Systems’s dividend payout ratio is currently 10.67%.

Insiders Place Their Bets

In other Advanced Drainage Systems news, CAO Kevin C. Talley sold 26,500 shares of the business’s stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $90.54, for a total value of $2,399,310.00. Following the transaction, the chief accounting officer now owns 62,025 shares in the company, valued at approximately $5,615,743.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Kevin C. Talley sold 26,500 shares of the business’s stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $90.54, for a total value of $2,399,310.00. Following the completion of the sale, the chief accounting officer now owns 62,025 shares of the company’s stock, valued at approximately $5,615,743.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert M. Klein sold 20,553 shares of the business’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $150.88, for a total transaction of $3,101,036.64. Following the completion of the sale, the executive vice president now directly owns 111,577 shares of the company’s stock, valued at approximately $16,834,737.76. The disclosure for this sale can be found here. Insiders have sold 99,540 shares of company stock worth $13,052,169 in the last quarter. 9.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on WMS. Robert W. Baird increased their price target on shares of Advanced Drainage Systems from $119.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. Loop Capital cut their price target on shares of Advanced Drainage Systems from $158.00 to $124.00 and set a “buy” rating on the stock in a research note on Friday, July 8th. Barclays raised their target price on shares of Advanced Drainage Systems from $135.00 to $164.00 and gave the company an “overweight” rating in a research note on Friday, August 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Advanced Drainage Systems in a report on Wednesday, August 17th. They set a “buy” rating and a $182.00 target price on the stock. Finally, TheStreet lowered shares of Advanced Drainage Systems from a “b” rating to a “c+” rating in a report on Thursday, May 19th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.00.

About Advanced Drainage Systems

(Get Rating)

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.

Read More

Want to see what other hedge funds are holding WMS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Drainage Systems, Inc. (NYSE:WMSGet Rating).

Institutional Ownership by Quarter for Advanced Drainage Systems (NYSE:WMS)

Receive News & Ratings for Advanced Drainage Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Drainage Systems and related companies with MarketBeat.com's FREE daily email newsletter.