Liontrust Investment Partners LLP Has $71.96 Million Stock Position in Advanced Drainage Systems, Inc. $WMS

Liontrust Investment Partners LLP decreased its stake in Advanced Drainage Systems, Inc. (NYSE:WMSFree Report) by 8.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 524,782 shares of the construction company’s stock after selling 48,791 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Advanced Drainage Systems were worth $71,963,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Dayah Capital LLC acquired a new stake in Advanced Drainage Systems during the 1st quarter worth about $1,755,000. Oddo BHF Asset Management Sas acquired a new position in shares of Advanced Drainage Systems in the first quarter worth about $566,000. Amundi boosted its holdings in shares of Advanced Drainage Systems by 0.7% in the first quarter. Amundi now owns 1,288,672 shares of the construction company’s stock worth $176,734,000 after buying an additional 9,096 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Advanced Drainage Systems by 128.4% in the first quarter. EverSource Wealth Advisors LLC now owns 466 shares of the construction company’s stock worth $64,000 after acquiring an additional 262 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Advanced Drainage Systems by 25.4% in the first quarter. California State Teachers Retirement System now owns 86,740 shares of the construction company’s stock worth $11,895,000 after acquiring an additional 17,546 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

WMS stock opened at $137.83 on Friday. The firm has a 50 day simple moving average of $142.79 and a 200 day simple moving average of $148.39. Advanced Drainage Systems, Inc. has a 52 week low of $110.85 and a 52 week high of $179.32. The stock has a market cap of $10.56 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.35 and a current ratio of 2.42.

Advanced Drainage Systems (NYSE:WMSGet Free Report) last released its quarterly earnings data on Thursday, May 21st. The construction company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.12. Advanced Drainage Systems had a net margin of 13.98% and a return on equity of 26.63%. The firm had revenue of $676.76 million for the quarter, compared to analyst estimates of $651.92 million. During the same quarter in the prior year, the business earned $1.03 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.55 earnings per share for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were issued a dividend of $0.20 per share. The ex-dividend date was Monday, June 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. This is an increase from Advanced Drainage Systems’s previous quarterly dividend of $0.18. Advanced Drainage Systems’s dividend payout ratio is presently 14.71%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WMS shares. Stephens upgraded shares of Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $190.00 to $175.00 in a report on Wednesday, May 27th. Zacks Research raised shares of Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a research note on Monday. Barclays lifted their price objective on shares of Advanced Drainage Systems from $181.00 to $191.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Friday, July 17th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and a consensus target price of $187.00.

Read Our Latest Stock Report on WMS

Advanced Drainage Systems Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Advanced Drainage Systems (NYSE:WMS)

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