Triodos Investment Management BV Has $75.73 Million Position in Advanced Drainage Systems, Inc. $WMS

Triodos Investment Management BV reduced its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 546,011 shares of the construction company’s stock after selling 7,400 shares during the period. Advanced Drainage Systems makes up 5.5% of Triodos Investment Management BV’s investment portfolio, making the stock its 2nd biggest position. Triodos Investment Management BV’s holdings in Advanced Drainage Systems were worth $75,732,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in Advanced Drainage Systems during the second quarter worth about $90,989,000. SG Capital Management LLC acquired a new position in shares of Advanced Drainage Systems in the 3rd quarter valued at approximately $45,591,000. Squarepoint Ops LLC lifted its holdings in shares of Advanced Drainage Systems by 1,209.7% during the 2nd quarter. Squarepoint Ops LLC now owns 260,607 shares of the construction company’s stock worth $29,933,000 after acquiring an additional 240,709 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in shares of Advanced Drainage Systems by 327.3% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 235,000 shares of the construction company’s stock worth $26,992,000 after acquiring an additional 180,000 shares in the last quarter. Finally, Mediolanum International Funds Ltd acquired a new stake in shares of Advanced Drainage Systems during the 3rd quarter worth approximately $24,314,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group set a $215.00 target price on Advanced Drainage Systems and gave the company a “buy” rating in a report on Friday, February 6th. Royal Bank Of Canada raised their price objective on Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. KeyCorp lifted their target price on Advanced Drainage Systems from $180.00 to $198.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, January 21st. Finally, Barclays raised their price target on shares of Advanced Drainage Systems from $187.00 to $198.00 and gave the company an “overweight” rating 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $186.00.

Advanced Drainage Systems Stock Down 0.3%

Shares of NYSE WMS opened at $170.63 on Friday. The company has a 50 day simple moving average of $156.88 and a 200 day simple moving average of $147.79. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.12 and a quick ratio of 3.08. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $179.32. The firm has a market cap of $13.29 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 2.01 and a beta of 1.34.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, February 5th. The construction company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.16. The firm had revenue of $693.35 million for the quarter, compared to analyst estimates of $686.37 million. Advanced Drainage Systems had a net margin of 15.75% and a return on equity of 27.72%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 EPS. On average, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, March 2nd. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 11.98%.

Insider Buying and Selling

In other Advanced Drainage Systems news, Director Robert M. Eversole sold 10,569 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $152.82, for a total value of $1,615,154.58. Following the sale, the director owned 50,076 shares in the company, valued at approximately $7,652,614.32. The trade was a 17.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.63% of the company’s stock.

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.