Montanaro Asset Management Ltd Has $2.36 Million Holdings in Advanced Drainage Systems, Inc. $WMS

Montanaro Asset Management Ltd trimmed its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 38.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,300 shares of the construction company’s stock after selling 10,300 shares during the quarter. Montanaro Asset Management Ltd’s holdings in Advanced Drainage Systems were worth $2,361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of WMS. Northwestern Mutual Wealth Management Co. increased its position in 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 during the period. Caitong International Asset Management Co. Ltd bought a new stake in Advanced Drainage Systems in the 3rd quarter valued at $36,000. Kestra Advisory Services LLC bought a new stake in Advanced Drainage Systems in the 4th quarter valued at $37,000. Clearstead Advisors LLC boosted its holdings in Advanced Drainage Systems by 150.8% in the 4th quarter. Clearstead Advisors LLC now owns 301 shares of the construction company’s stock valued at $44,000 after purchasing an additional 181 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Advanced Drainage Systems in the 4th quarter worth $42,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Up 0.1%

Shares of Advanced Drainage Systems stock opened at $147.28 on Friday. The firm has a market capitalization of $11.29 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.58 and a beta of 1.29. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.42 and a quick ratio of 1.35. The company’s fifty day moving average price is $141.97 and its two-hundred day moving average price is $148.79. Advanced Drainage Systems, Inc. has a 52-week low of $109.63 and a 52-week high of $179.32.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.12. The company had revenue of $676.76 million during the quarter, compared to the consensus estimate of $651.92 million. Advanced Drainage Systems had a net margin of 13.98% and a return on equity of 26.63%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. On average, analysts expect that Advanced Drainage Systems, Inc. will post 6.55 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.5%. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, June 1st. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 14.71%.

Analyst Ratings Changes

WMS has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Monday, April 20th. Royal Bank Of Canada increased their target price on shares of Advanced Drainage Systems from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Oppenheimer decreased their target price on Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 26th. Stephens upgraded Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $190.00 to $175.00 in a research note on Wednesday, May 27th. Finally, UBS Group reduced their price objective on Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating for the company in a research report on Friday, May 22nd. Seven equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $185.75.

Advanced Drainage Systems 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.