Advanced Drainage Systems, Inc. $WMS Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC grew its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 8.5% in the 4th quarter, HoldingsChannel reports. The firm owned 352,535 shares of the construction company’s stock after acquiring an additional 27,692 shares during the quarter. Corient Private Wealth LLC’s holdings in Advanced Drainage Systems were worth $51,080,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Captrust Financial Advisors increased its stake in Advanced Drainage Systems by 2.8% in the 4th quarter. Captrust Financial Advisors now owns 2,170 shares of the construction company’s stock worth $314,000 after purchasing an additional 60 shares in the last quarter. Northwestern Mutual Investment Management Company LLC lifted its stake in Advanced Drainage Systems by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 16,007 shares of the construction company’s stock valued at $2,318,000 after buying an additional 63 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of Advanced Drainage Systems by 3.4% in the fourth quarter. MML Investors Services LLC now owns 1,961 shares of the construction company’s stock worth $284,000 after buying an additional 64 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Advanced Drainage Systems by 24.4% in the fourth quarter. Larson Financial Group LLC now owns 377 shares of the construction company’s stock worth $55,000 after buying an additional 74 shares during the period. Finally, UMB Bank n.a. increased its position in shares of Advanced Drainage Systems by 10.4% in the fourth quarter. UMB Bank n.a. now owns 1,174 shares of the construction company’s stock worth $170,000 after acquiring an additional 111 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

Shares of WMS opened at $147.28 on Monday. The business’s 50-day moving average is $141.97 and its 200-day moving average is $148.76. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.42 and a quick ratio of 1.35. The company has a market capitalization of $11.29 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 1.58 and a beta of 1.29. Advanced Drainage Systems, Inc. has a fifty-two week low of $109.63 and a fifty-two week high of $179.32.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings results on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $651.92 million. During the same period last year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. 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 was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, June 1st. This is a positive change from Advanced Drainage Systems’s previous quarterly dividend of $0.18. Advanced Drainage Systems’s payout ratio is currently 14.71%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on WMS. Zacks Research lowered shares of Advanced Drainage Systems from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. Stephens raised shares of Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $190.00 to $175.00 in a research note on Wednesday, May 27th. Oppenheimer lowered their price objective on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 26th. UBS Group cut their target price on shares of Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Monday, April 20th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $185.75.

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.