Advanced Drainage Systems, Inc. $WMS Stock Holdings Lessened by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 592,581 shares of the construction company’s stock after selling 6,229 shares during the quarter. Janus Henderson Group PLC owned approximately 0.76% of Advanced Drainage Systems worth $81,278,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas acquired a new position in Advanced Drainage Systems in the 1st quarter valued at approximately $566,000. Amundi boosted its stake in shares of Advanced Drainage Systems by 0.7% during the 1st quarter. Amundi now owns 1,288,672 shares of the construction company’s stock valued at $176,734,000 after buying an additional 9,096 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Advanced Drainage Systems by 128.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 466 shares of the construction company’s stock valued at $64,000 after buying an additional 262 shares during the period. California State Teachers Retirement System grew its holdings in shares of Advanced Drainage Systems by 25.4% during the 1st quarter. California State Teachers Retirement System now owns 86,740 shares of the construction company’s stock valued at $11,895,000 after acquiring an additional 17,546 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Advanced Drainage Systems by 12.9% in the first quarter. Royal Bank of Canada now owns 154,436 shares of the construction company’s stock worth $21,177,000 after acquiring an additional 17,607 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Trading Up 0.9%

Advanced Drainage Systems stock opened at $138.75 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.35 and a current ratio of 2.42. The business’s 50-day simple moving average is $142.91 and its 200-day simple moving average is $148.33. The firm has a market capitalization of $10.63 billion, a PE ratio of 25.51, a PEG ratio of 1.48 and a beta of 1.26. Advanced Drainage Systems, Inc. has a 52 week low of $110.85 and a 52 week high of $179.32.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, May 21st. The construction company reported $1.07 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $651.92 million. During the same quarter in the previous year, the firm earned $1.03 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts forecast 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. Stockholders of record on Monday, June 1st were given a $0.20 dividend. 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 dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, June 1st. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 14.71%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Friday, July 17th. Barclays upped their target price on Advanced Drainage Systems from $181.00 to $191.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Stephens raised Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $190.00 to $175.00 in a research note on Wednesday, May 27th. UBS Group reduced their price target on Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Finally, Oppenheimer lowered their price target on Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating for the company in a research note on Tuesday, May 26th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $187.00.

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.