Future Fund LLC Acquires 6,494 Shares of Advanced Drainage Systems, Inc. $WMS

Future Fund LLC boosted its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 43.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,502 shares of the construction company’s stock after purchasing an additional 6,494 shares during the quarter. Advanced Drainage Systems accounts for about 1.1% of Future Fund LLC’s holdings, making the stock its 21st largest holding. Future Fund LLC’s holdings in Advanced Drainage Systems were worth $3,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC lifted its stake in Advanced Drainage Systems by 0.4% in the 4th 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 in the last quarter. Larson Financial Group LLC lifted its stake in Advanced Drainage Systems by 24.4% in the 4th 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. Mercer Global Advisors Inc. ADV lifted its stake in Advanced Drainage Systems by 2.6% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 4,599 shares of the construction company’s stock worth $638,000 after purchasing an additional 115 shares in the last quarter. Intrust Bank NA lifted its stake in Advanced Drainage Systems by 4.7% in the 4th quarter. Intrust Bank NA now owns 2,559 shares of the construction company’s stock worth $371,000 after purchasing an additional 116 shares in the last quarter. Finally, Norden Group LLC lifted its stake in Advanced Drainage Systems by 4.8% in the 4th quarter. Norden Group LLC now owns 2,986 shares of the construction company’s stock worth $432,000 after purchasing an additional 136 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMS has been the topic of a number of research analyst reports. Robert W. Baird set a $205.00 price target on shares of Advanced Drainage Systems in a report on Friday, February 6th. UBS Group decreased their price target on shares of Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Barclays decreased their price target on shares of Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Monday, April 20th. Finally, Stephens raised shares of Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $190.00 to $175.00 in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Advanced Drainage Systems has an average rating of “Moderate Buy” and a consensus price target of $187.00.

Advanced Drainage Systems Price Performance

WMS stock opened at $139.12 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.35 and a current ratio of 2.42. Advanced Drainage Systems, Inc. has a 52 week low of $105.14 and a 52 week high of $179.32. The firm’s fifty day moving average is $142.19 and its 200 day moving average is $149.97. The firm has a market cap of $10.66 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.54 and a beta of 1.33.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, beating 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 company had revenue of $676.76 million for the quarter, compared to analyst estimates of $651.92 million. During the same quarter last year, the firm earned $1.03 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Research analysts predict that Advanced Drainage Systems, Inc. will post 6.55 earnings per share for the current year.

Advanced Drainage Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be 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 is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. Advanced Drainage Systems’s payout ratio is 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.