Hsbc Holdings PLC Takes $3.37 Million Position in Advanced Drainage Systems, Inc. $WMS

Hsbc Holdings PLC acquired a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 21,481 shares of the construction company’s stock, valued at approximately $3,372,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its stake in Advanced Drainage Systems by 2.8% during the 4th quarter. Captrust Financial Advisors now owns 2,170 shares of the construction company’s stock worth $314,000 after acquiring an additional 60 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Advanced Drainage Systems by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 16,007 shares of the construction company’s stock worth $2,318,000 after purchasing an additional 63 shares during the period. MML Investors Services LLC boosted its position in shares of Advanced Drainage Systems by 3.4% in the fourth quarter. MML Investors Services LLC now owns 1,961 shares of the construction company’s stock worth $284,000 after purchasing an additional 64 shares during the period. Larson Financial Group LLC increased its stake in shares of Advanced Drainage Systems by 24.4% in the fourth quarter. Larson Financial Group LLC now owns 377 shares of the construction company’s stock worth $55,000 after purchasing an additional 74 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its stake in shares of Advanced Drainage Systems by 78.1% in the first quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock worth $33,000 after purchasing an additional 107 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Price Performance

WMS stock opened at $137.11 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 2.12. The company’s fifty day moving average price is $145.99 and its 200-day moving average price is $146.47. Advanced Drainage Systems, Inc. has a one year low of $128.03 and a one year high of $179.32. The company has a market capitalization of $10.34 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 1.50 and a beta of 1.27.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, August 6th. The construction company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.39. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.39 million. Advanced Drainage Systems had a net margin of 14.00% and a return on equity of 28.28%. Advanced Drainage Systems’s quarterly revenue was up 20.6% on a year-over-year basis. During the same period last year, the company posted $1.95 earnings per share. On average, equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.62 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 1st. Advanced Drainage Systems’s dividend payout ratio is 13.82%.

Analyst Ratings Changes

A number of research analysts recently weighed in on WMS shares. National Bank Financial set a $190.00 target price on shares of Advanced Drainage Systems in a research note on Monday, August 24th. Robert W. Baird set a $206.00 price target on Advanced Drainage Systems in a research note on Friday, August 7th. UBS Group raised their price target on Advanced Drainage Systems from $205.00 to $207.00 and gave the company a “buy” rating in a report on Friday, August 7th. KeyCorp restated an “overweight” rating on shares of Advanced Drainage Systems in a research report on Monday, June 22nd. Finally, Oppenheimer cut their target price on 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. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $188.70.

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.