Union Bancaire Privee UBP SA Makes New $5.06 Million Investment in Advanced Drainage Systems, Inc. (NYSE:WMS)

Union Bancaire Privee UBP SA purchased a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 43,735 shares of the construction company's stock, valued at approximately $5,055,000. Union Bancaire Privee UBP SA owned approximately 0.06% of Advanced Drainage Systems at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of WMS. State Street Corp increased its position in shares of Advanced Drainage Systems by 8.8% in the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company's stock valued at $399,452,000 after acquiring an additional 206,105 shares during the period. Millennium Management LLC lifted its position in Advanced Drainage Systems by 136.2% during the 2nd quarter. Millennium Management LLC now owns 312,393 shares of the construction company's stock worth $50,105,000 after acquiring an additional 180,154 shares during the period. Point72 Asset Management L.P. purchased a new stake in Advanced Drainage Systems during the 2nd quarter valued at about $21,657,000. Fernbridge Capital Management LP increased its holdings in shares of Advanced Drainage Systems by 108.2% in the third quarter. Fernbridge Capital Management LP now owns 253,549 shares of the construction company's stock valued at $39,848,000 after purchasing an additional 131,781 shares during the period. Finally, abrdn plc raised its stake in shares of Advanced Drainage Systems by 28.5% in the third quarter. abrdn plc now owns 579,485 shares of the construction company's stock worth $91,683,000 after purchasing an additional 128,539 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Oppenheimer cut their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a report on Monday, November 11th. UBS Group upgraded shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price for the company in a research report on Wednesday, January 8th. KeyCorp decreased their target price on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Robert W. Baird cut their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating on the stock in a research report on Monday, November 11th. Finally, Barclays decreased their price objective on Advanced Drainage Systems from $172.00 to $160.00 and set an "overweight" rating for the company in a report on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $166.88.

Advanced Drainage Systems Price Performance

Shares of Advanced Drainage Systems stock traded down $0.04 on Monday, hitting $125.04. The company's stock had a trading volume of 349,854 shares, compared to its average volume of 568,116. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51. Advanced Drainage Systems, Inc. has a 1 year low of $110.75 and a 1 year high of $184.27. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. The firm has a fifty day moving average price of $123.35 and a 200-day moving average price of $143.03.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $1.93 by ($0.23). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The business had revenue of $782.60 million during the quarter, compared to analysts' expectations of $819.41 million. During the same quarter last year, the firm earned $1.71 earnings per share. The firm's quarterly revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Monday, December 2nd. Advanced Drainage Systems's payout ratio is 10.19%.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.