Triodos Investment Management BV Has $75.73 Million Stock Holdings in Advanced Drainage Systems, Inc. $WMS

Triodos Investment Management BV reduced its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 546,011 shares of the construction company’s stock after selling 7,400 shares during the period. Advanced Drainage Systems accounts for about 5.5% of Triodos Investment Management BV’s portfolio, making the stock its 2nd largest holding. Triodos Investment Management BV owned about 0.70% of Advanced Drainage Systems worth $75,732,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Impax Asset Management Group plc raised its holdings in Advanced Drainage Systems by 4.8% during the second quarter. Impax Asset Management Group plc now owns 3,043,909 shares of the construction company’s stock worth $348,709,000 after acquiring an additional 139,495 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Advanced Drainage Systems by 5.7% during the 2nd quarter. First Trust Advisors LP now owns 2,178,763 shares of the construction company’s stock worth $250,253,000 after purchasing an additional 117,963 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Advanced Drainage Systems by 0.3% in the 2nd quarter. American Century Companies Inc. now owns 1,382,070 shares of the construction company’s stock valued at $158,745,000 after buying an additional 3,583 shares during the last quarter. KBC Group NV grew its stake in shares of Advanced Drainage Systems by 0.7% in the second quarter. KBC Group NV now owns 880,373 shares of the construction company’s stock valued at $101,120,000 after buying an additional 6,154 shares in the last quarter. Finally, Norges Bank acquired a new position in Advanced Drainage Systems during the second quarter worth $90,989,000. Institutional investors own 89.83% of the company’s stock.

Insiders Place Their Bets

In other Advanced Drainage Systems news, Director Robert M. Eversole sold 10,569 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $152.82, for a total value of $1,615,154.58. Following the completion of the sale, the director owned 50,076 shares of the company’s stock, valued at $7,652,614.32. The trade was a 17.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.63% of the stock is owned by company insiders.

Advanced Drainage Systems Price Performance

Advanced Drainage Systems stock opened at $170.63 on Friday. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 28.39, a PEG ratio of 2.01 and a beta of 1.34. The company has a current ratio of 4.12, a quick ratio of 3.08 and a debt-to-equity ratio of 0.72. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $179.32. The stock’s 50 day moving average is $156.88 and its 200-day moving average is $147.79.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, February 5th. The construction company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.16. The business had revenue of $693.35 million during the quarter, compared to the consensus estimate of $686.37 million. Advanced Drainage Systems had a return on equity of 27.72% and a net margin of 15.75%.The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 EPS. Equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a $0.18 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.72 annualized dividend and a yield of 0.4%. Advanced Drainage Systems’s payout ratio is 11.98%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Robert W. Baird set a $205.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 6th. Oppenheimer raised their target price on shares of Advanced Drainage Systems from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, February 9th. UBS Group set a $215.00 price target on Advanced Drainage Systems and gave the stock a “buy” rating in a research report on Friday, February 6th. Royal Bank Of Canada raised their price objective on Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $186.00.

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.