PGGM Investments Has $49.22 Million Stock Holdings in Advanced Drainage Systems, Inc. $WMS

PGGM Investments lessened its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 12.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 339,867 shares of the construction company’s stock after selling 48,617 shares during the quarter. PGGM Investments’ holdings in Advanced Drainage Systems were worth $49,223,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings in 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 worth $26,000 after acquiring an additional 176 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Advanced Drainage Systems during the 3rd quarter worth $33,000. Cullen Frost Bankers Inc. grew its holdings in Advanced Drainage Systems by 1,242.1% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the construction company’s stock worth $35,000 after acquiring an additional 236 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Advanced Drainage Systems during the 3rd quarter worth $36,000. Finally, Clearstead Advisors LLC grew its holdings in Advanced Drainage Systems by 150.8% during the 4th quarter. Clearstead Advisors LLC now owns 301 shares of the construction company’s stock worth $44,000 after acquiring an additional 181 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. UBS Group decreased their price target on shares of Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating for the company in a report on Friday. Oppenheimer reissued an “outperform” rating and issued a $195.00 price target (down from $200.00) on shares of Advanced Drainage Systems in a report on Friday, April 17th. Robert W. Baird set a $205.00 price target on shares of Advanced Drainage Systems in a report on Friday, February 6th. 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. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $168.00 price target on shares of Advanced Drainage Systems in a report on Friday. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and an average target price of $189.83.

Advanced Drainage Systems Price Performance

Shares of WMS stock opened at $132.97 on Tuesday. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 1.39 and a beta of 1.33. The company has a quick ratio of 3.08, a current ratio of 2.42 and a debt-to-equity ratio of 0.92. Advanced Drainage Systems, Inc. has a 12-month low of $105.14 and a 12-month high of $179.32. The firm has a fifty day moving average of $142.09 and a 200-day moving average of $150.13.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, May 21st. The construction company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.12. The firm had revenue of $676.76 million during the quarter, compared to analyst estimates of $651.92 million. Advanced Drainage Systems had a net margin of 13.98% and a return on equity of 26.63%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 EPS. On average, equities research analysts forecast that Advanced Drainage Systems, Inc. will post 6.86 earnings per share for the current year.

Advanced Drainage Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, June 1st. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.18. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 13.24%.

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.