Advanced Drainage Systems, Inc. $WMS Stock Position Raised by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,192 shares of the construction company’s stock after acquiring an additional 423 shares during the quarter. Teacher Retirement System of Texas’ holdings in Advanced Drainage Systems were worth $1,286,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of Advanced Drainage Systems in the second quarter worth $976,000. Envestnet Asset Management Inc. boosted its position in shares of Advanced Drainage Systems by 50.9% in the second quarter. Envestnet Asset Management Inc. now owns 106,705 shares of the construction company’s stock worth $12,256,000 after buying an additional 36,000 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Advanced Drainage Systems by 23.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,116 shares of the construction company’s stock worth $128,000 after buying an additional 211 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Advanced Drainage Systems in the second quarter worth $402,000. Finally, Allianz Asset Management GmbH boosted its position in Advanced Drainage Systems by 4.9% during the second quarter. Allianz Asset Management GmbH now owns 587,944 shares of the construction company’s stock valued at $67,531,000 after purchasing an additional 27,256 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Price Performance

NYSE WMS opened at $134.89 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25. The stock’s 50-day moving average is $141.23 and its two-hundred day moving average is $126.77. The firm has a market cap of $10.49 billion, a P/E ratio of 24.35, a price-to-earnings-growth ratio of 1.88 and a beta of 1.32. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week high of $166.03.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.17. The business had revenue of $829.88 million for the quarter, compared to analyst estimates of $800.54 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.06 earnings per share. On average, analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WMS has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Wednesday, October 8th. Oppenheimer reissued an “outperform” rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. UBS Group reissued a “buy” rating and set a $167.00 price objective (up previously from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. KeyCorp lifted their price objective on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $152.56.

Advanced Drainage Systems Company Profile

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.