KBC Group NV Has $95.79 Million Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

KBC Group NV increased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 609,497 shares of the construction company’s stock after purchasing an additional 1,773 shares during the period. KBC Group NV’s holdings in Advanced Drainage Systems were worth $95,789,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Advanced Drainage Systems by 319.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock valued at $26,000 after buying an additional 115 shares in the last quarter. West Oak Capital LLC boosted its holdings in Advanced Drainage Systems by 133.3% during the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after purchasing an additional 100 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Advanced Drainage Systems by 1,472.7% in the 2nd quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock worth $30,000 after buying an additional 162 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Advanced Drainage Systems during the 2nd quarter worth approximately $45,000. Finally, GAMMA Investing LLC boosted its stake in Advanced Drainage Systems by 65.2% in the 2nd quarter. GAMMA Investing LLC now owns 451 shares of the construction company’s stock valued at $72,000 after buying an additional 178 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Performance

WMS stock opened at $133.05 on Thursday. Advanced Drainage Systems, Inc. has a twelve month low of $116.98 and a twelve month high of $184.27. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97. The company has a market cap of $10.31 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.19 and a beta of 1.53. The business’s fifty day moving average is $150.64 and its 200-day moving average is $159.16.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The company had revenue of $782.60 million for the quarter, compared to the consensus estimate of $819.41 million. During the same quarter last year, the business posted $1.71 EPS. Advanced Drainage Systems’s quarterly revenue was up .3% on a year-over-year basis. Equities research analysts forecast that Advanced Drainage Systems, Inc. will post 6.5 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Monday, December 2nd. Advanced Drainage Systems’s dividend payout ratio (DPR) is 10.19%.

Analysts Set New Price Targets

A number of research analysts have issued reports on WMS shares. Oppenheimer cut their price objective on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a report on Monday. Loop Capital dropped their price objective on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a report on Monday. KeyCorp cut their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday. StockNews.com lowered Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Barclays reduced their price target on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $170.29.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.