Y Intercept Hong Kong Ltd Purchases 6,531 Shares of Advanced Drainage Systems, Inc. $WMS

Y Intercept Hong Kong Ltd boosted its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 129.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 11,584 shares of the construction company’s stock after purchasing an additional 6,531 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Advanced Drainage Systems were worth $1,589,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Advanced Drainage Systems by 352.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock valued at $26,000 after purchasing an additional 176 shares in the last quarter. SJS Investment Consulting Inc. raised its position in shares of Advanced Drainage Systems by 78.1% in the first quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock worth $33,000 after buying an additional 107 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Advanced Drainage Systems during the third quarter valued at $36,000. Kestra Advisory Services LLC bought a new stake in Advanced Drainage Systems during the fourth quarter valued at $37,000. Finally, Los Angeles Capital Management LLC purchased a new position in Advanced Drainage Systems during the fourth quarter worth about $42,000. 89.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WMS shares. Barclays lowered their price target on Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. Jefferies Financial Group assumed coverage on Advanced Drainage Systems in a report on Thursday, June 11th. They set a “buy” rating and a $175.00 price objective for the company. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Monday, April 20th. UBS Group lowered their target price on shares of Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, May 22nd. Finally, Royal Bank Of Canada lifted 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 report on Monday, June 8th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.75.

Advanced Drainage Systems Trading Up 2.1%

WMS stock opened at $148.13 on Friday. The company has a market capitalization of $11.35 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 1.56 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, Inc. has a one year low of $109.63 and a one year high of $179.32. The company’s 50 day moving average price is $141.58 and its two-hundred day moving average price is $148.89.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, May 21st. The construction company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $676.76 million during the quarter, compared to analysts’ expectations of $651.92 million. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. As a group, analysts predict that Advanced Drainage Systems, Inc. will post 6.55 earnings per share for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 1st. This is a positive change from Advanced Drainage Systems’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 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.