Advanced Drainage Systems, Inc. $WMS Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,271,453 shares of the construction company’s stock after acquiring an additional 15,069 shares during the period. Geode Capital Management LLC’s holdings in Advanced Drainage Systems were worth $184,184,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMS. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Advanced Drainage Systems by 352.0% in the second 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 last quarter. Baird Financial Group Inc. raised its holdings in shares of Advanced Drainage Systems by 1.8% in the second quarter. Baird Financial Group Inc. now owns 21,049 shares of the construction company’s stock worth $2,418,000 after acquiring an additional 382 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Advanced Drainage Systems by 14.0% in the second quarter. Brown Advisory Inc. now owns 4,784 shares of the construction company’s stock worth $549,000 after acquiring an additional 588 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Advanced Drainage Systems in the second quarter worth $403,000. Finally, California Public Employees Retirement System raised its holdings 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 worth $11,660,000 after acquiring an additional 2,206 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on WMS shares. Oppenheimer cut their price target on Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday, May 26th. Barclays cut their price target on Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. 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. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Monday, April 20th. Finally, KeyCorp cut their price target on Advanced Drainage Systems from $198.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, May 22nd. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $187.00.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS opened at $132.92 on Thursday. The company has a market cap of $10.18 billion, a P/E ratio of 24.43, a P/E/G ratio of 1.46 and a beta of 1.29. The company has a quick ratio of 1.35, a current ratio of 2.42 and a debt-to-equity ratio of 0.92. Advanced Drainage Systems, Inc. has a 52 week low of $109.63 and a 52 week high of $179.32. The business has a fifty day simple moving average of $142.19 and a 200-day simple moving average of $149.69.

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

Advanced Drainage Systems Increases Dividend

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