AGF Management Ltd. Has $4.35 Million Stock Position in Advanced Drainage Systems, Inc. $WMS

AGF Management Ltd. raised its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 48.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,382 shares of the construction company’s stock after buying an additional 10,180 shares during the period. AGF Management Ltd.’s holdings in Advanced Drainage Systems were worth $4,353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of WMS. Outlook Wealth Advisors LLC lifted its stake in Advanced Drainage Systems by 3.0% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 2,836 shares of the construction company’s stock valued at $393,000 after acquiring an additional 82 shares in the last quarter. RWC Asset Management LLP grew its holdings in Advanced Drainage Systems by 2.7% during the third quarter. RWC Asset Management LLP now owns 3,234 shares of the construction company’s stock valued at $449,000 after purchasing an additional 85 shares during the period. CWM LLC grew its stake in shares of Advanced Drainage Systems by 16.2% during the 3rd quarter. CWM LLC now owns 702 shares of the construction company’s stock worth $97,000 after acquiring an additional 98 shares during the period. Louisiana State Employees Retirement System boosted its position in Advanced Drainage Systems by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the construction company’s stock worth $2,286,000 after purchasing an additional 100 shares during the period. Finally, State of Michigan Retirement System boosted its holdings in Advanced Drainage Systems by 0.6% in the 2nd quarter. State of Michigan Retirement System now owns 17,000 shares of the construction company’s stock worth $1,953,000 after buying an additional 100 shares during the period. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

WMS has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, January 21st. Barclays upped their target price on shares of Advanced Drainage Systems from $181.00 to $187.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. KeyCorp increased their price target on shares of Advanced Drainage Systems from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. Oppenheimer raised their price objective on Advanced Drainage Systems from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $176.00 target price on shares of Advanced Drainage Systems in a research note on Thursday, January 15th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and a consensus price target of $165.33.

Insider Buying and Selling

In related news, insider Tim A. Makowski sold 4,901 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $149.21, for a total transaction of $731,278.21. Following the completion of the transaction, the insider owned 2,467 shares of the company’s stock, valued at $368,101.07. This trade represents a 66.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas J. Sr. Waun sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $150.00, for a total value of $150,000.00. Following the completion of the sale, the executive vice president directly owned 14,970 shares in the company, valued at $2,245,500. This trade represents a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 97,772 shares of company stock worth $14,605,539. 1.63% of the stock is currently owned by corporate insiders.

Advanced Drainage Systems Price Performance

WMS opened at $156.32 on Wednesday. The company has a current ratio of 3.48, a quick ratio of 2.60 and a debt-to-equity ratio of 0.75. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 2.03 and a beta of 1.34. The stock has a fifty day simple moving average of $151.67 and a two-hundred day simple moving average of $143.00. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $161.19.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.27. Advanced Drainage Systems had a net margin of 15.35% and a return on equity of 28.85%. The company had revenue of $850.38 million during the quarter, compared to analyst estimates of $802.49 million. During the same period last year, the business earned $1.70 EPS. Advanced Drainage Systems’s quarterly revenue was up 8.7% compared to the same quarter last year. Research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 1st. Advanced Drainage Systems’s payout ratio is currently 12.29%.

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.