Lombard Odier Asset Management Europe Ltd Has $15.24 Million Stock Position in Advanced Drainage Systems, Inc. $WMS

Lombard Odier Asset Management Europe Ltd increased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 87.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 111,124 shares of the construction company’s stock after buying an additional 51,707 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Advanced Drainage Systems were worth $15,238,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors boosted its holdings in Advanced Drainage Systems by 2.8% during the fourth quarter. Captrust Financial Advisors now owns 2,170 shares of the construction company’s stock valued at $314,000 after acquiring an additional 60 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in Advanced Drainage Systems by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 16,007 shares of the construction company’s stock valued at $2,318,000 after purchasing an additional 63 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Advanced Drainage Systems by 3.4% in the fourth quarter. MML Investors Services LLC now owns 1,961 shares of the construction company’s stock valued at $284,000 after buying an additional 64 shares during the period. Larson Financial Group LLC grew its holdings in shares of Advanced Drainage Systems by 24.4% during the 4th quarter. Larson Financial Group LLC now owns 377 shares of the construction company’s stock worth $55,000 after purchasing an additional 74 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Advanced Drainage Systems by 78.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock worth $33,000 after purchasing an additional 107 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on WMS shares. UBS Group cut their target price on Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, May 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Friday, July 17th. Royal Bank Of Canada increased their target price on Advanced Drainage Systems from $168.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday, June 8th. KeyCorp reiterated an “overweight” rating on shares of Advanced Drainage Systems in a research report on Monday, June 22nd. Finally, Oppenheimer reduced their price target on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 26th. Seven equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.00.

Advanced Drainage Systems Trading Up 1.1%

WMS opened at $142.05 on Friday. The firm has a 50 day simple moving average of $142.29 and a 200 day simple moving average of $148.72. Advanced Drainage Systems, Inc. has a fifty-two week low of $110.85 and a fifty-two week high of $179.32. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 1.53 and a beta of 1.26. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.42 and a quick ratio of 1.35.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, May 21st. The construction company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.12. Advanced Drainage Systems had a return on equity of 26.63% and a net margin of 13.98%.The firm had revenue of $676.76 million for the quarter, compared to analysts’ expectations of $651.92 million. During the same quarter last year, the business earned $1.03 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.55 earnings per share for the current year.

Advanced Drainage Systems Increases Dividend

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

About Advanced Drainage Systems

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.