Allianz Asset Management GmbH Boosts Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Allianz Asset Management GmbH lifted its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 560,688 shares of the construction company's stock after purchasing an additional 14,472 shares during the quarter. Allianz Asset Management GmbH owned about 0.72% of Advanced Drainage Systems worth $60,919,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in shares of Advanced Drainage Systems in the 1st quarter worth $26,000. Bessemer Group Inc. raised its position in shares of Advanced Drainage Systems by 76.2% during the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock valued at $29,000 after buying an additional 115 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Advanced Drainage Systems by 110.7% in the 1st quarter. Signaturefd LLC now owns 670 shares of the construction company's stock valued at $73,000 after acquiring an additional 352 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new position in Advanced Drainage Systems during the fourth quarter worth $74,000. Finally, GAMMA Investing LLC boosted its stake in shares of Advanced Drainage Systems by 167.1% during the 1st quarter. GAMMA Investing LLC now owns 812 shares of the construction company's stock worth $88,000 after purchasing an additional 508 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS traded up $1.57 during trading on Friday, reaching $118.56. The stock had a trading volume of 476,180 shares, compared to its average volume of 644,530. The business has a fifty day moving average price of $114.97 and a 200-day moving average price of $114.50. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.10 and a current ratio of 3.33. The stock has a market cap of $9.20 billion, a PE ratio of 20.58, a PEG ratio of 1.72 and a beta of 1.24. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year 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 EPS for the quarter, missing analysts' consensus estimates of $1.09 by ($0.06). The business had revenue of $615.76 million during the quarter, compared to analyst estimates of $653.22 million. Advanced Drainage Systems had a net margin of 15.50% and a return on equity of 32.33%. The firm's revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.23 EPS. On average, equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a dividend of $0.18 per share. This is a boost from Advanced Drainage Systems's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Friday, May 30th. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 12.50%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WMS shares. Barclays upped their price target on shares of Advanced Drainage Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Wall Street Zen cut Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Saturday. UBS Group cut their price target on shares of Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating on the stock in a report on Friday, May 16th. 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 objective on the stock. Finally, Oppenheimer lowered their price target on Advanced Drainage Systems from $165.00 to $160.00 and set an "outperform" 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 given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $139.88.

Advanced Drainage Systems Company 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.