Rathbones Group PLC Has $29.55 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Rathbones Group PLC grew its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 255,655 shares of the construction company’s stock after buying an additional 26,078 shares during the quarter. Rathbones Group PLC owned approximately 0.33% of Advanced Drainage Systems worth $29,554,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in Advanced Drainage Systems by 50.8% in the 3rd quarter. FMR LLC now owns 54,341 shares of the construction company’s stock valued at $8,540,000 after acquiring an additional 18,313 shares in the last quarter. Benjamin Edwards Inc. bought a new position in Advanced Drainage Systems in the 3rd quarter valued at $259,000. State Street Corp increased its stake in shares of Advanced Drainage Systems by 8.8% in the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock valued at $399,452,000 after buying an additional 206,105 shares during the period. Zacks Investment Management acquired a new position in shares of Advanced Drainage Systems during the third quarter valued at $2,694,000. Finally, MML Investors Services LLC lifted its stake in shares of Advanced Drainage Systems by 9.5% during the third quarter. MML Investors Services LLC now owns 2,607 shares of the construction company’s stock valued at $410,000 after acquiring an additional 226 shares during the period. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Stock Performance

Shares of NYSE WMS opened at $100.82 on Monday. The stock has a market capitalization of $7.82 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems, Inc. has a 52 week low of $94.59 and a 52 week high of $184.27. The stock has a 50 day moving average price of $115.03 and a 200 day moving average price of $128.70. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.63%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.70%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WMS. StockNews.com downgraded shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, April 1st. Stephens reaffirmed an “equal weight” rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Loop Capital decreased their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft started coverage on shares of Advanced Drainage Systems in a research report on Tuesday, April 1st. They set a “buy” rating and a $134.00 price target on the stock. Finally, UBS Group raised shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and an average price target of $160.89.

Advanced Drainage Systems Company 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.