Advanced Drainage Systems, Inc. $WMS Holdings Raised by Capital International Investors

Capital International Investors raised its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 34.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 933,851 shares of the construction company’s stock after buying an additional 241,500 shares during the period. Capital International Investors owned about 1.20% of Advanced Drainage Systems worth $129,525,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Advanced Drainage Systems by 352.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock worth $26,000 after acquiring an additional 176 shares in the last quarter. Mather Group LLC. purchased a new position in Advanced Drainage Systems in the third quarter valued at about $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Advanced Drainage Systems in the 3rd quarter worth about $33,000. Cullen Frost Bankers Inc. increased its position in Advanced Drainage Systems by 1,242.1% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the construction company’s stock worth $35,000 after purchasing an additional 236 shares during the last quarter. Finally, CWM LLC raised 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 purchasing an additional 98 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WMS has been the subject of several research reports. UBS Group set a $215.00 price target on Advanced Drainage Systems and gave the company a “buy” rating in a report on Friday, February 6th. Oppenheimer raised their price objective on shares of Advanced Drainage Systems from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Wednesday, January 21st. KeyCorp boosted their target price on shares of Advanced Drainage Systems from $180.00 to $198.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Finally, Robert W. Baird set a $205.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 6th. Eight analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $186.00.

Advanced Drainage Systems Stock Performance

NYSE WMS opened at $147.14 on Thursday. The company’s fifty day moving average is $160.18 and its two-hundred day moving average is $149.92. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week high of $179.32. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.12 and a quick ratio of 3.08. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 1.77 and a beta of 1.27.

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

Advanced Drainage Systems Announces Dividend

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

About Advanced Drainage Systems

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.