Trium Capital LLP Buys New Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Trium Capital LLP acquired a new position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,897 shares of the construction company's stock, valued at approximately $532,000.

A number of other hedge funds have also recently added to or reduced their stakes in WMS. Steward Partners Investment Advisory LLC boosted its holdings in Advanced Drainage Systems by 59.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,203 shares of the construction company's stock worth $255,000 after purchasing an additional 818 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Advanced Drainage Systems by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 593,562 shares of the construction company's stock valued at $68,616,000 after acquiring an additional 31,510 shares during the period. M&T Bank Corp boosted its holdings in shares of Advanced Drainage Systems by 52.6% during the fourth quarter. M&T Bank Corp now owns 12,000 shares of the construction company's stock valued at $1,387,000 after acquiring an additional 4,137 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Advanced Drainage Systems during the fourth quarter valued at $1,981,000. Finally, Arizona State Retirement System raised its stake in shares of Advanced Drainage Systems by 6.4% during the fourth quarter. Arizona State Retirement System now owns 21,373 shares of the construction company's stock valued at $2,471,000 after purchasing an additional 1,286 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on WMS. KeyCorp cut their price objective on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Oppenheimer cut their price objective on Advanced Drainage Systems from $165.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. UBS Group cut their price objective on Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating on the stock in a report on Friday, May 16th. Robert W. Baird cut their price objective on Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Finally, Wall Street Zen cut Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $139.88.

Advanced Drainage Systems Stock Performance

Advanced Drainage Systems stock traded down $1.82 during trading hours on Friday, reaching $120.37. 460,011 shares of the company were exchanged, compared to its average volume of 631,781. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $179.57. The firm has a market cap of $9.35 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.74 and a beta of 1.24. The stock has a 50-day moving average of $115.67 and a 200 day moving average of $114.55. The company has a current ratio of 3.33, a quick ratio of 2.10 and a debt-to-equity ratio of 0.90.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The construction company reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.09 by ($0.06). Advanced Drainage Systems had a return on equity of 32.33% and a net margin of 15.50%. The business had revenue of $615.76 million for the quarter, compared to analyst estimates of $653.22 million. During the same quarter last year, the firm earned $1.23 earnings per share. The firm's quarterly revenue was down 5.8% compared to the same quarter last year. As a group, research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 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 16th. Stockholders of record on Friday, May 30th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, May 30th. This is a positive change from Advanced Drainage Systems's previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.60%. Advanced Drainage Systems's payout ratio is 12.50%.

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.