Impax Asset Management Group plc Has $345.79 Million Holdings in Advanced Drainage Systems, Inc. $WMS

Impax Asset Management Group plc trimmed its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 17.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,500,076 shares of the construction company’s stock after selling 543,833 shares during the quarter. Advanced Drainage Systems comprises 2.0% of Impax Asset Management Group plc’s portfolio, making the stock its 11th biggest holding. Impax Asset Management Group plc owned 3.22% of Advanced Drainage Systems worth $345,788,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Advanced Drainage Systems by 352.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock valued at $26,000 after acquiring an additional 176 shares during the last quarter. Mather Group LLC. bought a new stake in Advanced Drainage Systems during the third quarter worth approximately $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Advanced Drainage Systems during the third quarter valued at approximately $33,000. Cullen Frost Bankers Inc. grew its holdings in Advanced Drainage Systems by 1,242.1% during the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the construction company’s stock valued at $35,000 after purchasing an additional 236 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in shares of Advanced Drainage Systems by 341.6% in the second quarter. Creative Financial Designs Inc. ADV now owns 658 shares of the construction company’s stock valued at $76,000 after purchasing an additional 509 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS opened at $174.96 on Wednesday. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $178.41. The firm has a market capitalization of $13.63 billion, a PE ratio of 29.11, a PEG ratio of 2.04 and a beta of 1.34. The business’s 50 day moving average is $153.47 and its 200-day moving average is $144.94. The company has a current ratio of 4.12, a quick ratio of 3.08 and a debt-to-equity ratio of 0.72.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, February 5th. The construction company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. Advanced Drainage Systems had a return on equity of 27.72% and a net margin of 15.75%.The business had revenue of $693.35 million during the quarter, compared to analyst estimates of $686.37 million. During the same period in the prior year, the company posted $1.09 earnings per share. Advanced Drainage Systems’s revenue was up .4% on a year-over-year basis. Sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, March 2nd. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 11.98%.

Analysts Set New Price Targets

WMS has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Wednesday, January 21st. Robert W. Baird set a $205.00 price target on shares of Advanced Drainage Systems in a report on Friday. Barclays raised their price target on Advanced Drainage Systems from $187.00 to $198.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group set a $215.00 price objective on Advanced Drainage Systems and gave the stock a “buy” rating in a research report on Friday. Finally, Royal Bank Of Canada increased their target price on Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $186.00.

Insider Buying and Selling at Advanced Drainage Systems

In other news, Director Robert M. Eversole sold 10,569 shares of Advanced Drainage Systems stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $152.82, for a total transaction of $1,615,154.58. Following the sale, the director directly owned 50,076 shares in the company, valued at approximately $7,652,614.32. The trade was a 17.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.63% of the company’s stock.

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.