Calamos Advisors LLC Takes $2.60 Million Position in Advanced Drainage Systems, Inc. $WMS

Calamos Advisors LLC purchased a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,973 shares of the construction company’s stock, valued at approximately $2,602,000.

Several other hedge funds have also made changes to their positions in WMS. Northwestern Mutual Wealth Management Co. boosted its position in 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 valued at $26,000 after purchasing an additional 176 shares during the period. SJS Investment Consulting Inc. increased its position in Advanced Drainage Systems by 78.1% in the first quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock worth $33,000 after buying an additional 107 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Advanced Drainage Systems in the third quarter worth $36,000. Kestra Advisory Services LLC bought a new stake in Advanced Drainage Systems in the fourth quarter valued at $37,000. Finally, Los Angeles Capital Management LLC bought a new stake in Advanced Drainage Systems in the fourth quarter valued at $42,000. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on WMS shares. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Monday, April 20th. UBS Group cut 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 report on Friday, May 22nd. Royal Bank Of Canada boosted their target price on shares of Advanced Drainage Systems from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Jefferies Financial Group started coverage on shares of Advanced Drainage Systems in a research report on Thursday, June 11th. They issued a “buy” rating and a $175.00 target price for the company. Finally, Stephens upgraded shares of Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $190.00 to $175.00 in a research note on Wednesday, May 27th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.00.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS opened at $151.49 on Thursday. The stock has a market cap of $11.61 billion, a P/E ratio of 27.85, a P/E/G ratio of 1.63 and a beta of 1.26. The firm’s 50-day simple moving average is $141.86 and its 200 day simple moving average is $148.91. 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 quick ratio of 1.35, a current ratio of 2.42 and a debt-to-equity ratio of 0.92.

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. The firm had revenue of $676.76 million during the quarter, compared to analyst estimates of $651.92 million. Advanced Drainage Systems had a net margin of 13.98% and a return on equity of 26.63%. Advanced Drainage Systems’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. Equities analysts expect that Advanced Drainage Systems, Inc. will post 6.55 EPS for the current year.

Advanced Drainage Systems Increases Dividend

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

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.