54,391 Shares in Advanced Drainage Systems, Inc. $WMS Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new position in Advanced Drainage Systems, Inc. (NYSE:WMS) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 54,391 shares of the construction company’s stock, valued at approximately $7,459,000.

A number of other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 during the period. SJS Investment Consulting Inc. increased its stake in 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 buying an additional 107 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Advanced Drainage Systems in the 3rd quarter worth $36,000. Kestra Advisory Services LLC acquired a new position in Advanced Drainage Systems in the 4th quarter worth $37,000. Finally, Clearstead Advisors LLC boosted its position in Advanced Drainage Systems by 150.8% in the 4th quarter. Clearstead Advisors LLC now owns 301 shares of the construction company’s stock valued at $44,000 after buying an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

WMS opened at $138.75 on Monday. The company has a market capitalization of $10.63 billion, a P/E ratio of 25.51, a PEG ratio of 1.49 and a beta of 1.26. The company has a 50-day moving average of $142.91 and a 200-day moving average of $148.26. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.35 and a current ratio of 2.42. Advanced Drainage Systems, Inc. has a 1-year low of $110.85 and a 1-year high of $179.32.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly 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 analysts’ expectations of $651.92 million. Advanced Drainage Systems had a net margin of 13.98% and a return on equity of 26.63%. During the same quarter last year, the company posted $1.03 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities analysts expect that Advanced Drainage Systems, Inc. will post 6.55 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.20 dividend. The ex-dividend date was Monday, June 1st. 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%. Advanced Drainage Systems’s payout ratio is presently 14.71%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Jefferies Financial Group initiated coverage on Advanced Drainage Systems in a research note on Thursday, June 11th. They set a “buy” rating and a $175.00 target price for the company. KeyCorp reiterated an “overweight” rating on shares of Advanced Drainage Systems in a research note on Monday, June 22nd. UBS Group dropped their price objective on Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Oppenheimer cut their target price on Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 26th. Finally, Zacks Research upgraded Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $187.00.

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.