Trium Capital LLP Takes Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Trium Capital LLP bought a new position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,897 shares of the construction company's stock, valued at approximately $532,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its stake in shares of Advanced Drainage Systems by 59.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,203 shares of the construction company's stock valued at $255,000 after buying an additional 818 shares during the period. Charles Schwab Investment Management Inc. raised 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 worth $68,616,000 after acquiring an additional 31,510 shares in the last quarter. M&T Bank Corp raised 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 worth $1,387,000 after acquiring an additional 4,137 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Advanced Drainage Systems in the fourth quarter valued at about $1,981,000. Finally, Arizona State Retirement System grew its stake in Advanced Drainage Systems by 6.4% in 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.

Advanced Drainage Systems Stock Performance

WMS traded up $0.92 on Wednesday, hitting $119.93. 634,336 shares of the stock traded hands, compared to its average volume of 629,114. The business has a fifty day moving average price of $115.29 and a two-hundred day moving average price of $114.45. 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 firm has a market capitalization of $9.31 billion, a PE ratio of 20.82, a P/E/G ratio of 1.68 and a beta of 1.24. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $179.57.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $615.76 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 earnings per share. On average, research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were paid a $0.18 dividend. This is a boost from Advanced Drainage Systems's previous quarterly dividend of $0.16. The ex-dividend date was Friday, May 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.60%. Advanced Drainage Systems's dividend payout ratio is currently 12.50%.

Wall Street Analyst Weigh In

A number of brokerages have commented on WMS. UBS Group lowered their target price on Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Wall Street Zen lowered shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Robert W. Baird decreased their price objective 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. KeyCorp lowered their target price on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Loop Capital reduced their price target on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating for the company in a research 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.