SG Americas Securities LLC Sells 15,402 Shares of Advanced Drainage Systems, Inc. $WMS

SG Americas Securities LLC lowered its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 65.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 8,116 shares of the construction company’s stock after selling 15,402 shares during the quarter. SG Americas Securities LLC’s holdings in Advanced Drainage Systems were worth $1,113,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Advanced Drainage Systems by 352.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock worth $26,000 after purchasing an additional 176 shares during the last quarter. Baird Financial Group Inc. grew its holdings in Advanced Drainage Systems by 1.8% during the second quarter. Baird Financial Group Inc. now owns 21,049 shares of the construction company’s stock valued at $2,418,000 after purchasing an additional 382 shares during the last quarter. Brown Advisory Inc. grew its holdings in Advanced Drainage Systems by 14.0% during the second quarter. Brown Advisory Inc. now owns 4,784 shares of the construction company’s stock valued at $549,000 after purchasing an additional 588 shares during the last quarter. Jump Financial LLC bought a new position in shares of Advanced Drainage Systems in the second quarter valued at approximately $403,000. Finally, California Public Employees Retirement System raised its position in shares of Advanced Drainage Systems by 2.2% in the second quarter. California Public Employees Retirement System now owns 101,512 shares of the construction company’s stock valued at $11,660,000 after purchasing an additional 2,206 shares during the period. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of Advanced Drainage Systems from $168.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, June 8th. Stephens upgraded shares of Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $190.00 to $175.00 in a report on Wednesday, May 27th. KeyCorp reiterated an “overweight” rating on shares of Advanced Drainage Systems in a report on Monday, June 22nd. Oppenheimer cut their target price on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, May 26th. Finally, Barclays decreased their price target on shares of Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $185.75.

Advanced Drainage Systems Stock Up 0.0%

Shares of WMS stock opened at $152.24 on Friday. Advanced Drainage Systems, Inc. has a 12 month low of $109.63 and a 12 month high of $179.32. The company has a quick ratio of 1.35, a current ratio of 2.42 and a debt-to-equity ratio of 0.92. The firm has a market cap of $11.67 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.26. The stock has a 50 day moving average of $141.85 and a 200-day moving average of $148.84.

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

Advanced Drainage Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.20 dividend. 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 dividend on an annualized basis and a yield of 0.5%. Advanced Drainage Systems’s payout ratio is currently 14.71%.

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.