Impax Asset Management Group plc Has $345.79 Million Holdings in Advanced Drainage Systems, Inc. $WMS

Impax Asset Management Group plc lessened its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 17.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,500,076 shares of the construction company’s stock after selling 543,833 shares during the quarter. Advanced Drainage Systems accounts for about 2.0% of Impax Asset Management Group plc’s investment portfolio, making the stock its 11th largest position. Impax Asset Management Group plc’s holdings in Advanced Drainage Systems were worth $345,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Mather Group LLC. acquired a new position in Advanced Drainage Systems during the third quarter worth $28,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Advanced Drainage Systems by 352.0% in the 2nd 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 acquired a new stake in shares of Advanced Drainage Systems during the 3rd quarter worth about $33,000. Cullen Frost Bankers Inc. increased its position in shares of Advanced Drainage Systems by 1,242.1% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 255 shares of the construction company’s stock worth $35,000 after purchasing an additional 236 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in Advanced Drainage Systems by 341.6% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 658 shares of the construction company’s stock valued at $76,000 after purchasing an additional 509 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Transactions at Advanced Drainage Systems

In other news, Director Robert M. Eversole sold 10,569 shares of the firm’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 transaction, the director owned 50,076 shares of the company’s stock, valued at approximately $7,652,614.32. This trade represents a 17.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on WMS shares. UBS Group set a $215.00 price objective on shares of Advanced Drainage Systems and gave the stock a “buy” rating in a research note on Friday. Barclays boosted their target price on Advanced Drainage Systems from $187.00 to $198.00 and gave the stock an “overweight” rating in a report on Friday. Robert W. Baird set a $205.00 price target on Advanced Drainage Systems in a research report on Friday. Royal Bank Of Canada raised their price target on Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a report on Friday. Finally, KeyCorp boosted their price objective on Advanced Drainage Systems from $180.00 to $198.00 and gave the stock an “overweight” rating in a research note on Friday. Eight research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and an average price target of $186.00.

Advanced Drainage Systems Stock Up 1.3%

Shares of WMS opened at $174.96 on Wednesday. The business’s fifty day moving average price is $153.47 and its two-hundred day moving average price is $144.94. The firm has a market capitalization of $13.63 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.04 and a beta of 1.34. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $178.41. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.08 and a current ratio of 4.12.

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

Advanced Drainage Systems Announces Dividend

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

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.