Trium Capital LLP Buys Shares of 4,897 Advanced Drainage Systems, Inc. (NYSE:WMS)

Trium Capital LLP purchased a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,897 shares of the construction company's stock, valued at approximately $532,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WMS. Bessemer Group Inc. increased its stake in Advanced Drainage Systems by 76.2% during the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock worth $29,000 after buying an additional 115 shares during the period. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Advanced Drainage Systems by 7.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company's stock worth $231,000 after acquiring an additional 125 shares in the last quarter. Isthmus Partners LLC grew its holdings in Advanced Drainage Systems by 5.9% during the 4th quarter. Isthmus Partners LLC now owns 2,725 shares of the construction company's stock worth $315,000 after acquiring an additional 153 shares in the last quarter. Nicolet Advisory Services LLC grew its holdings in Advanced Drainage Systems by 4.1% during the 4th quarter. Nicolet Advisory Services LLC now owns 4,024 shares of the construction company's stock worth $454,000 after acquiring an additional 157 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in Advanced Drainage Systems by 9.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,175 shares of the construction company's stock worth $250,000 after acquiring an additional 194 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Price Performance

Shares of WMS traded up $4.81 during trading hours on Thursday, reaching $124.30. The company had a trading volume of 267,047 shares, compared to its average volume of 628,377. The firm has a 50 day simple moving average of $115.42 and a 200-day simple moving average of $114.49. The company has a current ratio of 3.33, a quick ratio of 2.10 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $9.65 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 1.73 and a beta of 1.24. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $179.57.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The construction company reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.09 by ($0.06). The company had revenue of $615.76 million during the quarter, compared to analysts' expectations of $653.22 million. Advanced Drainage Systems had a net margin of 15.50% and a return on equity of 32.33%. The business's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.23 EPS. Research analysts expect 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 announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued a dividend of $0.18 per share. This is an increase from Advanced Drainage Systems's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, May 30th. Advanced Drainage Systems's dividend payout ratio (DPR) is 12.50%.

Analyst Upgrades and Downgrades

Several research firms have commented on WMS. Oppenheimer lowered their price target on shares of Advanced Drainage Systems from $165.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Wall Street Zen cut shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Advanced Drainage Systems in a report on Tuesday, April 1st. They set a "buy" rating and a $134.00 price target for the company. Robert W. Baird lowered their price target on shares of Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Finally, Loop Capital lowered their target price on shares of Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating for the company in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Advanced Drainage Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $139.88.

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.