California State Teachers Retirement System Sells 2,343 Shares of Advanced Drainage Systems, Inc. $WMS

California State Teachers Retirement System lowered its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,397 shares of the construction company's stock after selling 2,343 shares during the quarter. California State Teachers Retirement System owned 0.11% of Advanced Drainage Systems worth $13,246,953 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wedmont Private Capital bought a new position in shares of Advanced Drainage Systems during the second quarter valued at about $228,000. AlphaGrep UK Ltd bought a new position in Advanced Drainage Systems in the second quarter worth about $239,000. Raiffeisen Bank International AG boosted its holdings in Advanced Drainage Systems by 20.0% in the second quarter. Raiffeisen Bank International AG now owns 18,000 shares of the construction company's stock valued at $2,781,000 after purchasing an additional 3,000 shares during the last quarter. Rik Saylor Financial Inc. boosted its position in Advanced Drainage Systems by 11.7% during the second quarter. Rik Saylor Financial Inc. now owns 25,596 shares of the construction company's stock worth $4,017,000 after acquiring an additional 2,689 shares during the last quarter. Finally, Knollwood Investment Advisory LLC acquired a new stake in shares of Advanced Drainage Systems in the second quarter valued at $204,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Trading Up 2.0%

NYSE:WMS traded up $2.50 during trading hours on Tuesday, reaching $127.83. 346,450 shares of the stock were exchanged, compared to its average volume of 824,649. The company has a market capitalization of $9.64 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 1.40 and a beta of 1.28. Advanced Drainage Systems, Inc. has a twelve month low of $124.75 and a twelve month high of $179.32. 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 business has a 50-day moving average of $141.86 and a two-hundred day moving average of $143.28.

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 (EPS) 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 quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.95 earnings per share. On average, equities analysts predict that Advanced Drainage Systems, Inc. will post 6.62 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given 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 payout ratio is currently 13.82%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WMS. Robert W. Baird set a $206.00 price objective on Advanced Drainage Systems in a research note on Friday, August 7th. Stephens upgraded shares of Advanced Drainage Systems from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $190.00 to $175.00 in a research note on Wednesday, May 27th. Barclays upped their price objective on shares of Advanced Drainage Systems from $181.00 to $191.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. DA Davidson started coverage on shares of Advanced Drainage Systems in a research report on Tuesday, August 25th. They issued a "buy" rating and a $190.00 price target on the stock. Finally, Oppenheimer lowered their target price on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an "outperform" rating on the stock in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of "Moderate Buy" and an average price target of $188.70.

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc NYSE: WMS designs and manufactures water management products for the construction, infrastructure, agriculture and residential markets. Founded in 1966 and headquartered in Hilliard, Ohio, the company is known for its thermoplastic corrugated pipe and related systems used to collect, convey, store and manage stormwater and wastewater.

Its product portfolio includes stormwater detention and infiltration systems, sanitary and septic sewer products, agricultural drainage systems, erosion and sediment control products, and water-quality solutions.

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