Lbp Am Sa Has $3.60 Million Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Lbp Am Sa lessened its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 41.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,899 shares of the construction company’s stock after selling 14,860 shares during the period. Lbp Am Sa’s holdings in Advanced Drainage Systems were worth $3,600,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its position in Advanced Drainage Systems by 24.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 63,780 shares of the construction company’s stock worth $11,006,000 after acquiring an additional 12,655 shares during the last quarter. Nordea Investment Management AB boosted its stake in Advanced Drainage Systems by 10.3% in the 1st quarter. Nordea Investment Management AB now owns 121,851 shares of the construction company’s stock valued at $21,178,000 after purchasing an additional 11,423 shares during the period. Magnetar Financial LLC acquired a new position in Advanced Drainage Systems in the 1st quarter valued at $525,000. Cerity Partners LLC lifted its holdings in shares of Advanced Drainage Systems by 428.8% during the fourth quarter. Cerity Partners LLC now owns 22,449 shares of the construction company’s stock worth $3,157,000 after buying an additional 18,204 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Advanced Drainage Systems by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 633,392 shares of the construction company’s stock valued at $89,086,000 after acquiring an additional 15,690 shares during the period. 89.83% of the stock is owned by institutional investors.

Insider Transactions at Advanced Drainage Systems

In other news, insider Tim A. Makowski sold 3,800 shares of the stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $170.68, for a total value of $648,584.00. Following the sale, the insider now directly owns 4,530 shares of the company’s stock, valued at $773,180.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Michael G. Huebert sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $172.58, for a total transaction of $1,725,800.00. Following the transaction, the executive vice president now directly owns 7,225 shares of the company’s stock, valued at approximately $1,246,890.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Tim A. Makowski sold 3,800 shares of Advanced Drainage Systems stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $170.68, for a total transaction of $648,584.00. Following the transaction, the insider now directly owns 4,530 shares in the company, valued at $773,180.40. The disclosure for this sale can be found here. Insiders sold 176,004 shares of company stock valued at $30,547,285 over the last three months. Company insiders own 2.05% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on WMS shares. Robert W. Baird increased their target price on shares of Advanced Drainage Systems from $192.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Northcoast Research began coverage on shares of Advanced Drainage Systems in a research report on Wednesday, May 8th. They set a “buy” rating and a $190.00 price objective for the company. Oppenheimer raised their price objective on shares of Advanced Drainage Systems from $172.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. KeyCorp raised their price target on shares of Advanced Drainage Systems from $185.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Finally, Barclays boosted their price objective on shares of Advanced Drainage Systems from $189.00 to $202.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and a consensus target price of $181.88.

Advanced Drainage Systems Stock Performance

Shares of NYSE WMS traded down $7.89 during mid-day trading on Thursday, reaching $169.15. 837,099 shares of the company’s stock were exchanged, compared to its average volume of 484,961. Advanced Drainage Systems, Inc. has a 52 week low of $102.32 and a 52 week high of $184.27. The firm has a 50-day moving average price of $166.85 and a two-hundred day moving average price of $161.83. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.96 and a quick ratio of 1.90. The firm has a market capitalization of $13.11 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 1.42 and a beta of 1.55.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, May 16th. The construction company reported $1.23 EPS for the quarter, beating the consensus estimate of $0.95 by $0.28. The business had revenue of $653.80 million for the quarter, compared to the consensus estimate of $611.99 million. Advanced Drainage Systems had a return on equity of 46.93% and a net margin of 17.74%. Advanced Drainage Systems’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 earnings per share. Analysts predict that Advanced Drainage Systems, Inc. will post 7.19 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.38%. This is a positive change from Advanced Drainage Systems’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, May 31st. Advanced Drainage Systems’s payout ratio is currently 9.94%.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.