Triodos Investment Management BV Decreases Stake in Advanced Drainage Systems, Inc. $WMS

Triodos Investment Management BV lessened its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 538,011 shares of the construction company’s stock after selling 8,000 shares during the period. Advanced Drainage Systems accounts for about 5.7% of Triodos Investment Management BV’s portfolio, making the stock its largest position. Triodos Investment Management BV’s holdings in Advanced Drainage Systems were worth $79,061,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew 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 last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Advanced Drainage Systems during the third quarter worth $33,000. Cullen Frost Bankers Inc. grew its holdings in shares of 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 purchasing an additional 236 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Advanced Drainage Systems during the third quarter worth $36,000. Finally, Clearstead Advisors LLC grew its holdings in shares of 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 purchasing an additional 181 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Down 0.7%

Shares of Advanced Drainage Systems stock opened at $139.12 on Friday. The company has a quick ratio of 1.35, a current ratio of 2.42 and a debt-to-equity ratio of 0.92. Advanced Drainage Systems, Inc. has a 12 month low of $105.14 and a 12 month high of $179.32. The business has a fifty day simple moving average of $142.19 and a 200 day simple moving average of $149.97. The stock has a market cap of $10.66 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.33.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. Advanced Drainage Systems had a return on equity of 26.63% and a net margin of 13.98%.The business had revenue of $676.76 million during the quarter, compared to the consensus estimate of $651.92 million. During the same quarter in the prior year, the company posted $1.03 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. Research analysts predict that Advanced Drainage Systems, Inc. will post 6.55 EPS for the current 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 of this dividend 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 annualized dividend and a yield of 0.6%. Advanced Drainage Systems’s payout ratio is currently 14.71%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WMS shares. Robert W. Baird set a $205.00 price target on Advanced Drainage Systems in a report on Friday, February 6th. KeyCorp decreased their price target on Advanced Drainage Systems from $198.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, May 22nd. UBS Group decreased their price target on Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Barclays decreased their price target 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, Stephens upgraded Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $190.00 to $175.00 in a report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $187.00.

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.