BLI Banque de Luxembourg Investments Makes New Investment in Advanced Drainage Systems, Inc. (NYSE:WMS)

BLI Banque de Luxembourg Investments acquired a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 30,700 shares of the construction company's stock, valued at approximately $3,526,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WMS. UMB Bank n.a. grew its holdings in Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock worth $90,000 after acquiring an additional 88 shares in the last quarter. Spire Wealth Management purchased a new position in Advanced Drainage Systems in the fourth quarter valued at $94,000. First Horizon Advisors Inc. raised its stake in Advanced Drainage Systems by 18.3% in the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock valued at $102,000 after buying an additional 137 shares in the last quarter. Blue Trust Inc. lifted its holdings in Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock worth $116,000 after buying an additional 108 shares during the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of Advanced Drainage Systems by 1,298.6% during the 4th quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock worth $118,000 after acquiring an additional 948 shares in the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WMS shares. UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price for the company in a research note on Wednesday, January 8th. Barclays lowered their target price on shares of Advanced Drainage Systems from $149.00 to $130.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Stephens reiterated an "equal weight" rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. KeyCorp decreased their price objective on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Loop Capital cut their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $153.78.

Advanced Drainage Systems Price Performance

Shares of WMS opened at $116.20 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week high of $184.27. The firm has a 50-day simple moving average of $108.43 and a 200-day simple moving average of $121.47. The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.13 and a beta of 1.31.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. On average, equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.16 per share. The ex-dividend date was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.55%. Advanced Drainage Systems's payout ratio is currently 10.70%.

About Advanced Drainage Systems

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.

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