Rathbones Group PLC Purchases 8,468 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Rathbones Group PLC boosted its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 4.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 206,970 shares of the construction company’s stock after buying an additional 8,468 shares during the quarter. Rathbones Group PLC’s holdings in Advanced Drainage Systems were worth $33,196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in WMS. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in 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 valued at $26,000 after purchasing an additional 115 shares during the last quarter. West Oak Capital LLC boosted its stake in shares of Advanced Drainage Systems by 133.3% during the 2nd quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock worth $28,000 after acquiring an additional 100 shares during the period. Blue Trust Inc. boosted its stake 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 acquiring an additional 162 shares during the period. Rise Advisors LLC bought a new stake in Advanced Drainage Systems in the 1st quarter valued at $32,000. Finally, National Bank of Canada FI acquired a new stake in Advanced Drainage Systems during the 2nd quarter valued at $45,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Ratings Changes

WMS has been the topic of several research reports. Oppenheimer reiterated an “outperform” rating and issued a $192.00 price objective on shares of Advanced Drainage Systems in a report on Thursday, August 15th. Robert W. Baird lowered their price target on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Barclays reduced their price objective on Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating for the company in a report on Friday, August 9th. StockNews.com lowered Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Loop Capital reduced their price target on Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, August 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and an average price target of $190.14.

Advanced Drainage Systems Price Performance

Advanced Drainage Systems stock opened at $147.58 on Friday. The stock’s fifty day moving average price is $156.80 and its two-hundred day moving average price is $163.05. The firm has a market cap of $11.44 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 1.22 and a beta of 1.53. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.89 and a quick ratio of 1.90. Advanced Drainage Systems, Inc. has a one year low of $102.32 and a one year high of $184.27.

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

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.16 per share. The ex-dividend date of this dividend 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 is 9.94%.

About Advanced Drainage Systems

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.