Future Fund LLC Has $3.11 Million Holdings in Advanced Drainage Systems, Inc. $WMS

Future Fund LLC lifted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 43.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,502 shares of the construction company’s stock after purchasing an additional 6,494 shares during the period. Advanced Drainage Systems accounts for 1.1% of Future Fund LLC’s holdings, making the stock its 21st biggest holding. Future Fund LLC’s holdings in Advanced Drainage Systems were worth $3,114,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WMS. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 purchasing an additional 176 shares during the period. Annis Gardner Whiting Capital Advisors LLC bought a new position in Advanced Drainage Systems during the third quarter worth $33,000. Cullen Frost Bankers Inc. raised its stake in Advanced Drainage Systems by 1,242.1% during the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the construction company’s stock worth $35,000 after buying an additional 236 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Advanced Drainage Systems during the third quarter worth $36,000. Finally, Clearstead Advisors LLC raised its stake in Advanced Drainage Systems by 150.8% during the fourth quarter. Clearstead Advisors LLC now owns 301 shares of the construction company’s stock worth $44,000 after buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Down 0.7%

NYSE:WMS opened at $139.12 on Friday. Advanced Drainage Systems, Inc. has a one year low of $105.14 and a one year high of $179.32. The company has a market cap of $10.66 billion, a PE ratio of 25.57, a PEG ratio of 1.54 and a beta of 1.33. The firm has a 50-day moving average of $142.19 and a 200-day moving average of $149.97. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.42 and a quick ratio of 1.35.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, May 21st. The construction company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $676.76 million during the quarter, compared to the consensus estimate of $651.92 million. During the same period in the prior year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.55 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.20 dividend. The ex-dividend date is 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 yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio is presently 13.24%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on WMS shares. KeyCorp lowered their target price on shares of Advanced Drainage Systems from $198.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, May 22nd. Stephens raised shares of Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $190.00 to $175.00 in a research note on Wednesday. Barclays lowered their target price on shares of Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Oppenheimer lowered their target price on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, UBS Group lowered their target price on shares of Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and an average price target of $187.00.

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.