Achmea Investment Management B.V. Raises Stake in Advanced Drainage Systems, Inc. $WMS

Achmea Investment Management B.V. lifted its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 129,694 shares of the construction company’s stock after acquiring an additional 3,707 shares during the quarter. Achmea Investment Management B.V. owned 0.17% of Advanced Drainage Systems worth $17,988,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMS. Danske Bank A S acquired a new stake in Advanced Drainage Systems during the third quarter valued at $55,000. Caitong International Asset Management Co. Ltd purchased a new stake in Advanced Drainage Systems during the 3rd quarter worth approximately $36,000. Kestra Private Wealth Services LLC increased its position in shares of Advanced Drainage Systems by 5.5% during the third quarter. Kestra Private Wealth Services LLC now owns 4,261 shares of the construction company’s stock worth $591,000 after purchasing an additional 221 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Advanced Drainage Systems by 2.3% during the third quarter. CANADA LIFE ASSURANCE Co now owns 70,123 shares of the construction company’s stock worth $9,682,000 after buying an additional 1,590 shares in the last quarter. Finally, PDT Partners LLC grew its stake in Advanced Drainage Systems by 116.8% during the 3rd quarter. PDT Partners LLC now owns 45,721 shares of the construction company’s stock valued at $6,342,000 after acquiring an additional 24,632 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WMS. KeyCorp raised their target price on Advanced Drainage Systems from $180.00 to $198.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Robert W. Baird set a $205.00 target price on Advanced Drainage Systems in a research report on Friday, February 6th. Oppenheimer increased their price target on shares of Advanced Drainage Systems from $180.00 to $200.00 and gave the stock 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. Finally, Barclays lifted their price target on shares of Advanced Drainage Systems from $187.00 to $198.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $186.00.

Advanced Drainage Systems Price Performance

Advanced Drainage Systems stock opened at $139.89 on Wednesday. The company has a market cap of $10.90 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 1.65 and a beta of 1.27. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year high of $179.32. The business has a fifty day moving average of $159.39 and a two-hundred day moving average of $149.77. 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 issued its earnings results on Thursday, February 5th. The construction company reported $1.27 earnings per share (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 company had revenue of $693.35 million during the quarter, compared to analysts’ expectations of $686.37 million. During the same period last year, the company posted $1.09 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. As a group, analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid 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 was Monday, March 2nd. Advanced Drainage Systems’s dividend payout ratio is presently 11.98%.

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.