Citigroup Inc. Has $1.84 Million Stock Position in Advanced Drainage Systems, Inc. $WMS

Citigroup Inc. reduced its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 25.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,282 shares of the construction company’s stock after selling 4,457 shares during the quarter. Citigroup Inc.’s holdings in Advanced Drainage Systems were worth $1,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Advanced Drainage Systems in the 2nd quarter valued at about $90,989,000. SG Capital Management LLC bought a new stake in shares of Advanced Drainage Systems during the third quarter worth approximately $45,591,000. Squarepoint Ops LLC lifted its holdings in Advanced Drainage Systems by 1,209.7% in the second quarter. Squarepoint Ops LLC now owns 260,607 shares of the construction company’s stock valued at $29,933,000 after buying an additional 240,709 shares during the period. Adage Capital Partners GP L.L.C. lifted its holdings in Advanced Drainage Systems by 327.3% in the second quarter. Adage Capital Partners GP L.L.C. now owns 235,000 shares of the construction company’s stock valued at $26,992,000 after buying an additional 180,000 shares during the period. Finally, Mediolanum International Funds Ltd bought a new position in Advanced Drainage Systems in the third quarter valued at approximately $24,314,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Trading Down 1.9%

Shares of NYSE:WMS opened at $146.22 on Monday. The firm has a market cap of $11.39 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 1.72 and a beta of 1.27. The company has a quick ratio of 3.08, a current ratio of 4.12 and a debt-to-equity ratio of 0.72. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $179.32. The company’s fifty day simple moving average is $160.03 and its 200 day simple moving average is $149.85.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, February 5th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.16. The firm had revenue of $693.35 million for the quarter, compared to the consensus estimate of $686.37 million. Advanced Drainage Systems had a return on equity of 27.72% and a net margin of 15.75%.The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted $1.09 EPS. As a group, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, March 2nd. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 11.98%.

Wall Street Analyst Weigh In

WMS has been the subject of a number of analyst reports. Barclays lifted their target price on shares of Advanced Drainage Systems from $187.00 to $198.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. KeyCorp increased their price target on shares of Advanced Drainage Systems from $180.00 to $198.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Oppenheimer lifted their price objective on shares of Advanced Drainage Systems from $180.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, January 21st. Finally, UBS Group set a $215.00 target price on shares of Advanced Drainage Systems and gave the company a “buy” rating in a research note on Friday, February 6th. Eight investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $186.00.

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.