Janus Henderson Group PLC Sells 6,229 Shares of Advanced Drainage Systems, Inc. $WMS

Janus Henderson Group PLC cut its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.0% during the first quarter, Holdings Channel reports. The institutional investor owned 592,581 shares of the construction company’s stock after selling 6,229 shares during the quarter. Janus Henderson Group PLC’s holdings in Advanced Drainage Systems were worth $81,278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMS. Northwestern Mutual Wealth Management Co. increased its position in shares of Advanced Drainage Systems by 352.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock valued at $26,000 after purchasing an additional 176 shares during the period. SJS Investment Consulting Inc. raised its stake in shares of Advanced Drainage Systems by 78.1% in the first quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock valued at $33,000 after purchasing an additional 107 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Advanced Drainage Systems in the third quarter worth $36,000. Kestra Advisory Services LLC bought a new position in Advanced Drainage Systems in the fourth quarter worth $37,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Advanced Drainage Systems during the fourth quarter worth $42,000. 89.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WMS. Barclays boosted their price target on shares of Advanced Drainage Systems from $181.00 to $191.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. KeyCorp reiterated an “overweight” rating on shares of Advanced Drainage Systems in a research report on Monday, June 22nd. UBS Group lowered their target price on shares of Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Royal Bank Of Canada increased their price target on shares of Advanced Drainage Systems from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. Finally, Oppenheimer cut their price target on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday, May 26th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.00.

Advanced Drainage Systems Stock Performance

NYSE:WMS opened at $138.75 on Friday. Advanced Drainage Systems, Inc. has a 1 year low of $110.85 and a 1 year high of $179.32. The firm has a 50 day moving average of $142.91 and a 200-day moving average of $148.33. The company has a current ratio of 2.42, a quick ratio of 1.35 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $10.63 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.95 by $0.12. The business had revenue of $676.76 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 EPS. As a group, sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.55 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.20 dividend. This is an increase from Advanced Drainage Systems’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, June 1st. Advanced Drainage Systems’s payout ratio is presently 14.71%.

Advanced Drainage Systems Company 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.