4,330 Shares in Advanced Drainage Systems, Inc. (NYSE:WMS) Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,330 shares of the construction company’s stock, valued at approximately $497,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. boosted its stake in Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after acquiring an additional 88 shares in the last quarter. Spire Wealth Management bought a new position in Advanced Drainage Systems during the fourth quarter worth $94,000. First Horizon Advisors Inc. boosted its stake in Advanced Drainage Systems by 18.3% during the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock worth $102,000 after acquiring an additional 137 shares in the last quarter. Blue Trust Inc. boosted its stake in Advanced Drainage Systems by 12.0% during the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after acquiring an additional 108 shares in the last quarter. Finally, Headlands Technologies LLC boosted its stake in Advanced Drainage Systems by 1,298.6% during the fourth quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company’s stock worth $118,000 after acquiring an additional 948 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on WMS shares. Loop Capital cut their target price on shares of Advanced Drainage Systems from $143.00 to $133.00 and set a “buy” rating on the stock in a research note on Friday. Oppenheimer dropped their price objective on shares of Advanced Drainage Systems from $165.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday. UBS Group dropped their price objective on shares of Advanced Drainage Systems from $155.00 to $146.00 and set a “buy” rating on the stock in a research note on Friday. KeyCorp dropped their price objective on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and a consensus price target of $139.88.

Advanced Drainage Systems Stock Performance

Shares of WMS stock opened at $121.73 on Friday. The firm has a 50-day moving average of $109.69 and a 200-day moving average of $119.30. The company has a market cap of $9.44 billion, a P/E ratio of 20.36, a P/E/G ratio of 1.13 and a beta of 1.31. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year high of $181.03.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, May 15th. The construction company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.06). The firm had revenue of $615.76 million during the quarter, compared to analysts’ expectations of $653.22 million. Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Equities research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.72 annualized dividend and a dividend yield of 0.59%. This is an increase from Advanced Drainage Systems’s previous quarterly dividend of $0.16. Advanced Drainage Systems’s dividend payout ratio is currently 10.70%.

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.