International Assets Investment Management LLC Takes $6.31 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

International Assets Investment Management LLC acquired a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 40,156 shares of the construction company’s stock, valued at approximately $6,311,000. International Assets Investment Management LLC owned about 0.05% of Advanced Drainage Systems at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Advanced Drainage Systems by 319.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock valued at $26,000 after buying an additional 115 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Advanced Drainage Systems by 1,472.7% in the second quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock valued at $30,000 after purchasing an additional 162 shares during the period. West Oak Capital LLC boosted its stake in shares of Advanced Drainage Systems by 133.3% in the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after purchasing an additional 100 shares during the period. National Bank of Canada FI purchased a new position in shares of Advanced Drainage Systems in the second quarter valued at approximately $45,000. Finally, Tobam purchased a new position in Advanced Drainage Systems in the first quarter worth approximately $56,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on WMS shares. Oppenheimer reiterated an “outperform” rating and issued a $192.00 price target on shares of Advanced Drainage Systems in a research note on Thursday, August 15th. StockNews.com cut shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Barclays cut their price objective on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Loop Capital cut their target price on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Finally, Robert W. Baird lowered their price objective on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $190.14.

Advanced Drainage Systems Price Performance

Advanced Drainage Systems stock opened at $149.88 on Friday. The firm’s 50-day simple moving average is $152.41 and its 200 day simple moving average is $159.99. Advanced Drainage Systems, Inc. has a 52 week low of $104.16 and a 52 week high of $184.27. The firm has a market capitalization of $11.62 billion, a PE ratio of 23.72, a P/E/G ratio of 1.27 and a beta of 1.53. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 1.04.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.08. Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. The firm had revenue of $815.34 million during the quarter, compared to the consensus estimate of $828.00 million. On average, equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.95 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.43%. Advanced Drainage Systems’s payout ratio is currently 10.13%.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.