Mirova Has $1.35 Million Stake in Advanced Drainage Systems, Inc. $WMS

Key Points

• Mirova increased its stake in Advanced Drainage Systems (NYSE:WMS) by 910.6% in Q3, ending the period with 9,752 shares worth $1.353 million after adding 8,787 shares.
• Analyst sentiment is largely positive—eight Buys and one Hold—with a consensus target of $186.00 and recent price-target raises (e.g., UBS $215, Baird $205, Barclays/KeyCorp ~ $198).
• Recent performance & payout: ADS beat Q results with $1.27 EPS vs. $1.11 expected and $693.35M revenue, has a $10.56B market cap, and recently paid a $0.18 quarterly dividend (0.5% yield, 11.98% DPR).

Mirova grew its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 910.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,752 shares of the construction company's stock after purchasing an additional 8,787 shares during the quarter. Mirova's holdings in Advanced Drainage Systems were worth $1,353,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Mather Group LLC. purchased a new position in shares of Advanced Drainage Systems in the 3rd quarter worth approximately $28,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Advanced Drainage Systems by 352.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company's stock valued at $26,000 after acquiring an additional 176 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Advanced Drainage Systems during the third quarter worth $33,000. Cullen Frost Bankers Inc. lifted its holdings in Advanced Drainage Systems by 1,242.1% during the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the construction company's stock worth $35,000 after acquiring an additional 236 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Advanced Drainage Systems in the third quarter worth $36,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

Analyst Ratings Changes

WMS has been the topic of a number of research analyst reports. Robert W. Baird set a $205.00 price target on shares of Advanced Drainage Systems in a report on Friday, February 6th. Barclays raised their price objective on shares of Advanced Drainage Systems from $187.00 to $198.00 and gave the stock an "overweight" rating in a report on Friday, February 6th. UBS Group set a $215.00 price objective on shares of Advanced Drainage Systems and gave the stock a "buy" rating in a research report on Friday, February 6th. KeyCorp boosted their target price on shares of Advanced Drainage Systems from $180.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday, February 6th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Advanced Drainage Systems in a research note on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $186.00.

Advanced Drainage Systems Trading Down 3.1%

Shares of Advanced Drainage Systems stock opened at $135.51 on Thursday. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $179.32. The company has a market cap of $10.56 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 1.65 and a beta of 1.27. The company has a current ratio of 4.12, a quick ratio of 3.08 and a debt-to-equity ratio of 0.72. The company's 50-day moving average price is $159.13 and its 200-day moving average price is $149.67.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The construction company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.16. The firm had revenue of $693.35 million for the quarter, compared to analysts' expectations of $686.37 million. Advanced Drainage Systems had a net margin of 15.75% and a return on equity of 27.72%. The business's quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. On average, equities analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, March 2nd. Advanced Drainage Systems's dividend payout ratio (DPR) is 11.98%.

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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