B. Metzler seel. Sohn & Co. AG Has $4.75 Million Position in Advanced Drainage Systems, Inc. $WMS

Key Points

• B. Metzler seel. Sohn & Co. AG increased its Advanced Drainage Systems stake by 40.7% in the second quarter, bringing its holdings to 30,267 shares valued at approximately $4.75 million. Institutional investors collectively own 89.83% of WMS.
• Wall Street maintains a positive outlook, with analysts assigning the stock a “Moderate Buy” consensus rating and an average price target of $188.70, compared with a recent price of $134.95.
• Advanced Drainage Systems reported quarterly EPS of $2.49, exceeding estimates by $0.39, while revenue rose 20.6% year over year to $1 billion. The company also declared a quarterly dividend of $0.20 per share, representing a 0.6% annualized yield.

B. Metzler seel. Sohn & Co. AG lifted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 40.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,267 shares of the construction company's stock after buying an additional 8,756 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Advanced Drainage Systems were worth $4,751,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WMS. Allworth Financial LP acquired a new stake in Advanced Drainage Systems in the 2nd quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Advanced Drainage Systems by 352.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company's stock valued at $26,000 after buying an additional 176 shares during the last quarter. SJS Investment Consulting Inc. boosted its stake in shares of Advanced Drainage Systems by 78.1% during the 1st quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company's stock worth $33,000 after acquiring an additional 107 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Advanced Drainage Systems during the 3rd quarter worth approximately $36,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of Advanced Drainage Systems during the 4th quarter worth approximately $37,000. Institutional investors own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

WMS has been the subject of a number of research reports. Royal Bank Of Canada raised their target price on shares of Advanced Drainage Systems from $170.00 to $178.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Jefferies Financial Group started coverage on shares of Advanced Drainage Systems in a report on Thursday, June 11th. They issued a "buy" rating and a $175.00 price target on the stock. DA Davidson started coverage on shares of Advanced Drainage Systems in a research report on Tuesday, August 25th. They set a "buy" rating and a $190.00 price objective for the company. KeyCorp restated an "overweight" rating on shares of Advanced Drainage Systems in a report on Monday, June 22nd. Finally, National Bank Financial set a $190.00 target price on Advanced Drainage Systems in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $188.70.

Advanced Drainage Systems Stock Up 1.7%

WMS stock opened at $134.95 on Friday. Advanced Drainage Systems, Inc. has a 52 week low of $128.03 and a 52 week high of $179.32. The business has a 50-day simple moving average of $144.97 and a 200 day simple moving average of $145.22. The company has a quick ratio of 1.18, a current ratio of 2.12 and a debt-to-equity ratio of 0.95. The company has a market cap of $10.18 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.45 and a beta of 1.28.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The construction company reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.39. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.39 million. Advanced Drainage Systems had a return on equity of 28.28% and a net margin of 14.00%.Advanced Drainage Systems's revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.95 EPS. Sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.62 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. Advanced Drainage Systems's dividend payout ratio is 13.82%.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc NYSE: WMS is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company's product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.

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