Corient Private Wealth LP Takes Position in Advanced Drainage Systems, Inc. $WMS

Corient Private Wealth LP bought a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 349,804 shares of the construction company’s stock, valued at approximately $54,905,000. Corient Private Wealth LP owned about 0.46% of Advanced Drainage Systems 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 stock. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 purchasing an additional 176 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of Advanced Drainage Systems by 1.8% during the 2nd quarter. Baird Financial Group Inc. now owns 21,049 shares of the construction company’s stock worth $2,418,000 after purchasing an additional 382 shares in the last quarter. Brown Advisory Inc. boosted its holdings in shares of Advanced Drainage Systems by 14.0% in the 2nd quarter. Brown Advisory Inc. now owns 4,784 shares of the construction company’s stock valued at $549,000 after buying an additional 588 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Advanced Drainage Systems in the 2nd quarter valued at approximately $403,000. Finally, California Public Employees Retirement System grew its stake 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 valued at $11,660,000 after buying an additional 2,206 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WMS. Zacks Research raised shares of Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. National Bank Financial set a $190.00 price objective on shares of Advanced Drainage Systems in a research report on Monday. Royal Bank Of Canada boosted their price objective on shares of Advanced Drainage Systems from $170.00 to $178.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. UBS Group upped their target price on shares of Advanced Drainage Systems from $205.00 to $207.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Barclays raised their target price on shares of Advanced Drainage Systems from $181.00 to $191.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.70.

Advanced Drainage Systems Price Performance

NYSE:WMS opened at $139.16 on Friday. Advanced Drainage Systems, Inc. has a one year low of $128.03 and a one year high of $179.32. The company has a market cap of $10.49 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.55 and a beta of 1.27. The firm’s fifty day moving average price is $146.19 and its two-hundred day moving average price is $146.54. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.12 and a quick ratio of 1.18.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, August 6th. The construction company reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.39. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.39 million. Advanced Drainage Systems had a net margin of 14.00% and a return on equity of 28.28%. Advanced Drainage Systems’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.95 EPS. Equities analysts expect that Advanced Drainage Systems, Inc. will post 6.62 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 13.82%.

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.