Advanced Drainage Systems, Inc. (NYSE:WMS) Shares Purchased by Rathbones Group PLC

Rathbones Group PLC grew its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 206,970 shares of the construction company's stock after acquiring an additional 8,468 shares during the quarter. Rathbones Group PLC owned about 0.27% of Advanced Drainage Systems worth $33,196,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMS. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Advanced Drainage Systems by 319.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company's stock worth $26,000 after acquiring an additional 115 shares during the period. West Oak Capital LLC increased its position in Advanced Drainage Systems by 133.3% during the second quarter. West Oak Capital LLC now owns 175 shares of the construction company's stock worth $28,000 after buying an additional 100 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Advanced Drainage Systems by 1,472.7% during the 2nd quarter. Blue Trust Inc. now owns 173 shares of the construction company's stock worth $30,000 after buying an additional 162 shares during the period. Rise Advisors LLC acquired a new stake in shares of Advanced Drainage Systems in the first quarter worth $32,000. Finally, National Bank of Canada FI acquired a new position in Advanced Drainage Systems in the 2nd quarter valued at approximately $45,000. Institutional investors and hedge funds own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WMS. Loop Capital decreased their target price on Advanced Drainage Systems from $188.00 to $180.00 and set a "buy" rating on the stock in a report on Monday, August 12th. StockNews.com cut Advanced Drainage Systems from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Robert W. Baird lowered their price target on Advanced Drainage Systems from $200.00 to $187.00 and set an "outperform" rating on the stock in a research report on Friday, August 9th. Oppenheimer reaffirmed an "outperform" rating and set a $192.00 price objective on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. Finally, Barclays dropped their price objective on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an "overweight" rating for the company in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $190.14.

Advanced Drainage Systems Stock Up 2.2 %

Shares of WMS traded up $3.15 on Friday, hitting $147.58. 484,140 shares of the stock traded hands, compared to its average volume of 431,764. Advanced Drainage Systems, Inc. has a one year low of $102.32 and a one year high of $184.27. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.90 and a current ratio of 2.89. The business has a 50 day simple moving average of $156.80 and a 200 day simple moving average of $163.03. The company has a market capitalization of $11.44 billion, a PE ratio of 22.92, a P/E/G ratio of 1.22 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.08. Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. The company had revenue of $815.34 million for the quarter, compared to the consensus estimate of $828.00 million. As a group, equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.43%. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 9.94%.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.