Advanced Drainage Systems, Inc. $WMS Position Boosted by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 34.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,518 shares of the construction company’s stock after purchasing an additional 5,984 shares during the period. SG Americas Securities LLC’s holdings in Advanced Drainage Systems were worth $3,406,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Mather Group LLC. acquired a new stake in Advanced Drainage Systems during the third quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. grew its position in Advanced Drainage Systems by 352.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock worth $26,000 after buying an additional 176 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Advanced Drainage Systems in the third quarter valued at $33,000. Cullen Frost Bankers Inc. increased its holdings in shares of Advanced Drainage Systems by 1,242.1% in the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the construction company’s stock valued at $35,000 after buying an additional 236 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Advanced Drainage Systems during the 3rd quarter valued at $36,000. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on WMS shares. Robert W. Baird set a $205.00 price objective on Advanced Drainage Systems in a research note on Friday, February 6th. Royal Bank Of Canada upped their target price on Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Oppenheimer increased their price target on Advanced Drainage Systems from $180.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. UBS Group set a $215.00 price target on Advanced Drainage Systems and gave the stock a “buy” rating in a research note on Friday, February 6th. Finally, Barclays boosted their price objective on Advanced Drainage Systems from $187.00 to $198.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $193.43.

Advanced Drainage Systems Trading Up 0.5%

NYSE WMS opened at $137.63 on Friday. The firm’s 50 day moving average price is $154.37 and its two-hundred day moving average price is $149.00. 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, Inc. has a twelve month low of $93.92 and a twelve month high of $179.32. The stock has a market cap of $10.72 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.46 and a beta of 1.37.

Advanced Drainage Systems (NYSE:WMS) last released 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. The company had revenue of $693.35 million during the quarter, compared to analyst estimates of $686.37 million. Advanced Drainage Systems had a return on equity of 27.72% and a net margin of 15.75%.The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 earnings per share. Equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

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