Caisse de depot et placement du Quebec Takes $6.18 Million Position in Advanced Drainage Systems, Inc. $WMS

Caisse de depot et placement du Quebec bought a new position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 39,400 shares of the construction company's stock, valued at approximately $6,184,000. Caisse de depot et placement du Quebec owned about 0.05% of Advanced Drainage Systems at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Advanced Drainage Systems during the 2nd quarter valued at $1,172,482,000. State Street Corp increased its position in shares of Advanced Drainage Systems by 3.1% during the 3rd quarter. State Street Corp now owns 2,551,901 shares of the construction company's stock valued at $353,949,000 after purchasing an additional 75,777 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of Advanced Drainage Systems by 32.9% during the 1st quarter. Pictet Asset Management Holding SA now owns 2,204,801 shares of the construction company's stock valued at $302,290,000 after purchasing an additional 546,298 shares during the last quarter. Amundi lifted its stake in shares of Advanced Drainage Systems by 0.7% in the 1st quarter. Amundi now owns 1,288,672 shares of the construction company's stock worth $176,734,000 after purchasing an additional 9,096 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Advanced Drainage Systems by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,271,453 shares of the construction company's stock worth $184,184,000 after purchasing an additional 15,069 shares during the period. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Trading Down 1.2%

Advanced Drainage Systems stock opened at $137.11 on Friday. The firm has a 50 day moving average of $145.99 and a 200 day moving average of $146.47. The firm has a market capitalization of $10.34 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 1.50 and a beta of 1.27. Advanced Drainage Systems, Inc. has a 12-month low of $128.03 and a 12-month high of $179.32. The company has a current ratio of 2.12, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The construction company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.39. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.39 million. Advanced Drainage Systems had a net margin of 14.00% and a return on equity of 28.28%. The company's revenue for the quarter was up 20.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.95 earnings per share. As a group, research analysts predict that Advanced Drainage Systems, Inc. will post 6.62 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.20 per share. The ex-dividend date 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 payout ratio is 13.82%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Zacks Research upgraded shares of Advanced Drainage Systems from a "strong sell" rating to a "hold" rating in a research report on Monday, July 27th. Weiss Ratings reiterated a "hold (c)" rating on shares of Advanced Drainage Systems in a research note on Friday, July 17th. Robert W. Baird set a $206.00 price objective on shares of Advanced Drainage Systems in a research report on Friday, August 7th. National Bank Financial set a $190.00 price objective on Advanced Drainage Systems in a research note on Monday, August 24th. Finally, Barclays raised their target price on Advanced Drainage Systems from $181.00 to $191.00 and gave the stock an "overweight" rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $188.70.

Advanced Drainage Systems Company Profile

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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