Oxbow Advisors LLC Takes Position in Advanced Drainage Systems, Inc. $WMS

Oxbow Advisors LLC purchased a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 23,425 shares of the construction company’s stock, valued at approximately $3,677,000.

A number of other institutional investors have also recently added to or reduced their stakes in WMS. Northwestern Mutual Wealth Management Co. boosted its stake in Advanced Drainage Systems by 352.0% during 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. SJS Investment Consulting Inc. increased its stake in shares of Advanced Drainage Systems by 78.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock worth $33,000 after acquiring an additional 107 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Advanced Drainage Systems in the 3rd quarter worth $36,000. Kestra Advisory Services LLC purchased a new position in shares of Advanced Drainage Systems during the 4th quarter worth $37,000. Finally, Avalon Trust Co purchased a new position in shares of Advanced Drainage Systems during the 2nd quarter worth $42,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

NYSE WMS opened at $144.52 on Wednesday. The stock has a market cap of $10.90 billion, a PE ratio of 24.96, a P/E/G ratio of 1.65 and a beta of 1.27. The company has a current ratio of 2.12, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. Advanced Drainage Systems, Inc. has a twelve month low of $128.03 and a twelve month high of $179.32. The stock has a fifty day simple moving average of $145.61 and a 200-day simple moving average of $147.45.

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

Advanced Drainage Systems Announces Dividend

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

Analyst Upgrades and Downgrades

WMS has been the subject of a number of analyst reports. Oppenheimer dropped their price objective on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday, May 26th. Zacks Research raised shares of Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, July 27th. Stephens upgraded shares of Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $190.00 to $175.00 in a report on Wednesday, May 27th. Royal Bank Of Canada increased their price target on shares of Advanced Drainage Systems from $170.00 to $178.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, UBS Group raised their price target on shares of Advanced Drainage Systems from $205.00 to $207.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and an average target price of $188.38.

About Advanced Drainage Systems

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.