ABN AMRO Bank N.V. Has $15.93 Million Stock Position in Advanced Drainage Systems, Inc. $WMS

ABN AMRO Bank N.V. lessened its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 3.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,694 shares of the construction company’s stock after selling 4,062 shares during the period. ABN AMRO Bank N.V.’s holdings in Advanced Drainage Systems were worth $15,927,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. State Street Corp boosted its holdings in shares of Advanced Drainage Systems by 3.1% in the 3rd quarter. State Street Corp now owns 2,551,901 shares of the construction company’s stock valued at $353,949,000 after buying an additional 75,777 shares during the last quarter. First Trust Advisors LP raised its position in Advanced Drainage Systems by 10.9% during the third quarter. First Trust Advisors LP now owns 2,416,942 shares of the construction company’s stock worth $335,230,000 after acquiring an additional 238,179 shares in the last quarter. American Century Companies Inc. raised its position in Advanced Drainage Systems by 6.5% during the third quarter. American Century Companies Inc. now owns 1,472,176 shares of the construction company’s stock worth $204,191,000 after acquiring an additional 90,106 shares in the last quarter. Amundi lifted its stake in Advanced Drainage Systems by 80.9% in the fourth quarter. Amundi now owns 1,279,576 shares of the construction company’s stock valued at $185,324,000 after acquiring an additional 572,193 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Advanced Drainage Systems by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,271,453 shares of the construction company’s stock valued at $184,184,000 after acquiring an additional 15,069 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. UBS Group lowered their price objective 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Monday, April 20th. Jefferies Financial Group initiated coverage on Advanced Drainage Systems in a research note on Thursday, June 11th. They set a “buy” rating and a $175.00 target price for the company. Barclays decreased their target price on Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Finally, Royal Bank Of Canada lifted their price objective on shares of Advanced Drainage Systems from $168.00 to $170.00 and gave the stock an “outperform” rating in a research report on Monday, June 8th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $185.75.

Advanced Drainage Systems Stock Down 0.3%

WMS stock opened at $154.77 on Friday. Advanced Drainage Systems, Inc. has a fifty-two week low of $109.63 and a fifty-two week high of $179.32. 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 stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 1.66 and a beta of 1.29. The business’s fifty day moving average price is $141.73 and its two-hundred day moving average price is $148.68.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, May 21st. The construction company reported $1.07 earnings per share (EPS) for the quarter, beating 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 company had revenue of $676.76 million during the quarter, compared to analysts’ expectations of $651.92 million. During the same quarter in the previous year, the business posted $1.03 earnings per share. Advanced Drainage Systems’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.55 earnings per share for the current year.

Advanced Drainage Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.5%. This is an increase from Advanced Drainage Systems’s previous quarterly dividend of $0.18. Advanced Drainage Systems’s payout ratio is presently 14.71%.

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.