Future Fund LLC Raises Position in Advanced Drainage Systems, Inc. $WMS

Future Fund LLC grew its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 27.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 27,329 shares of the construction company’s stock after purchasing an additional 5,827 shares during the period. Advanced Drainage Systems comprises approximately 1.3% of Future Fund LLC’s holdings, making the stock its 15th largest position. Future Fund LLC’s holdings in Advanced Drainage Systems were worth $3,748,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in 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 buying an additional 176 shares during the last quarter. Baird Financial Group Inc. increased its position 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 acquiring an additional 382 shares during the last quarter. Brown Advisory Inc. raised its stake 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 valued at $549,000 after acquiring an additional 588 shares during the period. Jump Financial LLC purchased a new stake in shares of Advanced Drainage Systems in the second quarter valued at $403,000. Finally, California Public Employees Retirement System lifted its holdings in shares of Advanced Drainage Systems by 2.2% in the 2nd 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. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WMS. KeyCorp reaffirmed an “overweight” rating on shares of Advanced Drainage Systems in a research note on Monday, June 22nd. Barclays increased their price objective on shares of Advanced Drainage Systems from $181.00 to $191.00 and gave the stock an “overweight” rating in a research report on Tuesday. Royal Bank Of Canada boosted their target price on Advanced Drainage Systems from $168.00 to $170.00 and gave the company an “outperform” rating in a research report on Monday, June 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Monday, April 20th. Finally, Stephens upgraded Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $190.00 to $175.00 in a report on Wednesday, May 27th. Seven investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $187.00.

Advanced Drainage Systems Trading Down 2.4%

NYSE WMS opened at $147.62 on Friday. The stock has a market cap of $11.31 billion, a PE ratio of 27.14, a PEG ratio of 1.63 and a beta of 1.26. Advanced Drainage Systems, Inc. has a 12 month low of $110.79 and a 12 month high of $179.32. The company’s 50-day moving average price is $142.09 and its 200-day moving average price is $148.92. The company has a current ratio of 2.42, a quick ratio of 1.35 and a debt-to-equity ratio of 0.92.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, May 21st. The construction company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. The company 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 firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. Equities research analysts forecast 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 was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.20 dividend. The ex-dividend date was Monday, June 1st. This is a positive change 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 0.5%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 14.71%.

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.