Oddo BHF Asset Management Sas Buys Shares of 4,129 Advanced Drainage Systems, Inc. $WMS

Oddo BHF Asset Management Sas bought a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,129 shares of the construction company’s stock, valued at approximately $566,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Captrust Financial Advisors raised its stake in Advanced Drainage Systems by 2.8% during the fourth quarter. Captrust Financial Advisors now owns 2,170 shares of the construction company’s stock valued at $314,000 after buying an additional 60 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in shares of Advanced Drainage Systems by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 16,007 shares of the construction company’s stock worth $2,318,000 after acquiring an additional 63 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Advanced Drainage Systems by 3.4% in the fourth quarter. MML Investors Services LLC now owns 1,961 shares of the construction company’s stock worth $284,000 after acquiring an additional 64 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Advanced Drainage Systems by 24.4% during the fourth quarter. Larson Financial Group LLC now owns 377 shares of the construction company’s stock valued at $55,000 after acquiring an additional 74 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Advanced Drainage Systems by 78.1% during the first quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock valued at $33,000 after acquiring an additional 107 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Trading Down 0.3%

Advanced Drainage Systems stock opened at $137.83 on Friday. Advanced Drainage Systems, Inc. has a one year low of $110.85 and a one year high of $179.32. The business’s fifty day moving average is $142.79 and its 200 day moving average is $148.39. The stock has a market capitalization of $10.56 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.42 and a quick ratio of 1.35.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, May 21st. The construction company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.12. The business had revenue of $676.76 million during the quarter, compared to analyst estimates of $651.92 million. Advanced Drainage Systems had a return on equity of 26.63% and a net margin of 13.98%.Advanced Drainage Systems’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 EPS. On average, sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.55 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. This is a positive change from Advanced Drainage Systems’s previous quarterly dividend of $0.18. The ex-dividend date was Monday, June 1st. Advanced Drainage Systems’s payout ratio is currently 14.71%.

Analysts Set New Price Targets

WMS has been the topic of a number of analyst reports. Stephens upgraded shares of Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $190.00 to $175.00 in a research note on Wednesday, May 27th. Barclays raised their price objective on shares of Advanced Drainage Systems from $181.00 to $191.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Zacks Research raised shares of Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a report on Monday. Oppenheimer dropped their target price on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 26th. Finally, KeyCorp reiterated an “overweight” rating on shares of Advanced Drainage Systems in a report on Monday, June 22nd. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Advanced Drainage Systems has an average rating of “Moderate Buy” and an average price target of $187.00.

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.