Capital Group Private Client Services Inc. Acquires Shares of 17,959 Advanced Drainage Systems, Inc. $WMS

Capital Group Private Client Services Inc. bought a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,959 shares of the construction company’s stock, valued at approximately $2,491,000.

Other institutional investors have also recently made changes to their positions in the company. Vestmark Advisory Solutions Inc. boosted its position in shares of Advanced Drainage Systems by 115.4% during the second quarter. Vestmark Advisory Solutions Inc. now owns 6,462 shares of the construction company’s stock valued at $742,000 after buying an additional 3,462 shares during the period. ProShare Advisors LLC lifted its stake in shares of Advanced Drainage Systems by 4.2% during the 2nd quarter. ProShare Advisors LLC now owns 3,132 shares of the construction company’s stock worth $360,000 after acquiring an additional 125 shares during the last quarter. Robeco Schweiz AG boosted its holdings in Advanced Drainage Systems by 3.3% during the 2nd quarter. Robeco Schweiz AG now owns 332,563 shares of the construction company’s stock valued at $38,198,000 after acquiring an additional 10,622 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in Advanced Drainage Systems by 11.8% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 280,611 shares of the construction company’s stock valued at $32,231,000 after acquiring an additional 29,657 shares during the last quarter. Finally, KBC Group NV increased its stake in Advanced Drainage Systems by 0.7% in the second quarter. KBC Group NV now owns 880,373 shares of the construction company’s stock worth $101,120,000 after purchasing an additional 6,154 shares during the period. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Up 0.3%

NYSE:WMS opened at $150.31 on Wednesday. The firm has a 50-day simple moving average of $160.13 and a 200-day simple moving average of $149.94. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year high of $179.32. The firm has a market cap of $11.71 billion, a P/E ratio of 25.01, a P/E/G ratio of 1.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.08 and a current ratio of 4.12.

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

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, March 2nd. Advanced Drainage Systems’s payout ratio is presently 11.98%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Oppenheimer boosted their target price on shares of Advanced Drainage Systems from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. Robert W. Baird set a $205.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, January 21st. KeyCorp boosted their price objective 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. Finally, Royal Bank Of Canada raised their target price on shares of Advanced Drainage Systems from $176.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.