Oddo BHF Asset Management Sas Acquires New Stake in Advanced Drainage Systems, Inc. $WMS

Oddo BHF Asset Management Sas bought a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,129 shares of the construction company’s stock, valued at approximately $566,000.

Several other institutional investors and hedge funds have also bought and sold shares of WMS. Northwestern Mutual Wealth Management Co. increased its position 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 purchasing an additional 176 shares during the last quarter. SJS Investment Consulting Inc. grew its position in Advanced Drainage Systems by 78.1% during the first quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock valued at $33,000 after buying an additional 107 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Advanced Drainage Systems during the 3rd quarter worth $36,000. Kestra Advisory Services LLC purchased a new position in shares of Advanced Drainage Systems during the 4th quarter worth $37,000. Finally, Clearstead Advisors LLC grew its position in shares of Advanced Drainage Systems by 150.8% during the 4th quarter. Clearstead Advisors LLC now owns 301 shares of the construction company’s stock valued at $44,000 after acquiring an additional 181 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Trading Down 0.3%

Shares of Advanced Drainage Systems stock opened at $137.83 on Friday. Advanced Drainage Systems, Inc. has a fifty-two week low of $110.85 and a fifty-two week high of $179.32. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.35 and a current ratio of 2.42. The company has a market capitalization of $10.56 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a fifty day moving average of $142.79 and a 200 day moving average of $148.39.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings results on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. Advanced Drainage Systems had a return on equity of 26.63% and a net margin of 13.98%.The business had revenue of $676.76 million for the quarter, compared to analysts’ expectations of $651.92 million. During the same period last year, the firm earned $1.03 earnings per share. The business’s quarterly revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.55 earnings per share for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.20 per share. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio is 14.71%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group cut their price target on Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Royal Bank Of Canada lifted their price objective on Advanced Drainage Systems from $168.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Zacks Research upgraded Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a research note on Monday. Barclays increased their target price on shares of Advanced Drainage Systems from $181.00 to $191.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Finally, KeyCorp restated an “overweight” rating on shares of Advanced Drainage Systems in a research note on Monday, June 22nd. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $187.00.

Advanced Drainage Systems 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.