Deutsche Bank AG Takes $16.29 Million Position in Advanced Drainage Systems, Inc. $WMS

Deutsche Bank AG purchased a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 103,811 shares of the construction company's stock, valued at approximately $16,294,000. Deutsche Bank AG owned 0.14% of Advanced Drainage Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in 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 in the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Advanced Drainage Systems by 32.9% during the first quarter. Pictet Asset Management Holding SA now owns 2,204,801 shares of the construction company's stock valued at $302,290,000 after buying an additional 546,298 shares during the period. Amundi increased its stake in shares of Advanced Drainage Systems by 0.7% during the first quarter. Amundi now owns 1,288,672 shares of the construction company's stock valued at $176,734,000 after buying an additional 9,096 shares during the period. Geode Capital Management LLC raised its holdings in shares of Advanced Drainage Systems by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,271,453 shares of the construction company's stock valued at $184,184,000 after acquiring an additional 15,069 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Advanced Drainage Systems by 6.3% in the fourth quarter. Wellington Management Group LLP now owns 1,264,156 shares of the construction company's stock valued at $183,088,000 after acquiring an additional 75,250 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Price Performance

Shares of WMS stock opened at $143.91 on Friday. The stock's 50-day moving average is $146.28 and its 200 day moving average is $147.31. Advanced Drainage Systems, Inc. has a 1-year low of $128.03 and a 1-year high of $179.32. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.12 and a quick ratio of 1.18. The company has a market cap of $10.85 billion, a P/E ratio of 24.85, a PEG ratio of 1.57 and a beta of 1.27.

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

Advanced Drainage Systems Announces Dividend

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 given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. Advanced Drainage Systems's dividend payout ratio is presently 13.82%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WMS. Oppenheimer lowered their price objective on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an "outperform" rating for the company in a research note on Tuesday, May 26th. Zacks Research raised shares of Advanced Drainage Systems from a "strong sell" rating to a "hold" rating in a research report on Monday, July 27th. KeyCorp restated an "overweight" rating on shares of Advanced Drainage Systems in a report on Monday, June 22nd. Robert W. Baird set a $206.00 price target on shares of Advanced Drainage Systems in a research report on Friday, August 7th. Finally, UBS Group increased their price objective on shares of Advanced Drainage Systems from $205.00 to $207.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $188.38.

Advanced Drainage Systems 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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