Sanctuary Advisors LLC Makes New $621,000 Investment in Advanced Drainage Systems, Inc. $WMS

Sanctuary Advisors LLC acquired a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,957 shares of the construction company’s stock, valued at approximately $621,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP bought a new stake in Advanced Drainage Systems during the second quarter worth about $26,000. Northwestern Mutual Wealth Management Co. grew its stake 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 valued at $26,000 after purchasing an additional 176 shares in the last quarter. SJS Investment Consulting Inc. increased its position in shares of Advanced Drainage Systems by 78.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock worth $33,000 after purchasing an additional 107 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Advanced Drainage Systems during the 3rd quarter worth approximately $36,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of Advanced Drainage Systems during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

NYSE:WMS opened at $137.11 on Friday. The company has a market cap of $10.34 billion, a P/E ratio of 23.68, a P/E/G ratio of 1.50 and a beta of 1.27. The firm’s fifty day moving average price is $145.99 and its two-hundred day moving average price is $146.47. Advanced Drainage Systems, Inc. has a one year low of $128.03 and a one year high of $179.32. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.12 and a quick ratio of 1.18.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, August 6th. The construction company reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.39. Advanced Drainage Systems had a net margin of 14.00% and a return on equity of 28.28%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.39 million. During the same period last year, the business posted $1.95 earnings per share. The business’s revenue for the quarter was up 20.6% compared to the same quarter last year. Equities analysts expect that Advanced Drainage Systems, Inc. will post 6.62 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 0.6%. Advanced Drainage Systems’s payout ratio is 13.82%.

Analysts Set New Price Targets

Several research firms have recently commented on WMS. Zacks Research raised Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Royal Bank Of Canada upped their target price on shares of Advanced Drainage Systems from $170.00 to $178.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Jefferies Financial Group began coverage on shares of Advanced Drainage Systems in a research note on Thursday, June 11th. They issued a “buy” rating and a $175.00 target price for the company. Stephens raised Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $190.00 to $175.00 in a research report on Wednesday, May 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $188.70.

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.