Raiffeisen Bank International AG Takes $497,000 Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Raiffeisen Bank International AG purchased a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,330 shares of the construction company's stock, valued at approximately $497,000.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its position in Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after purchasing an additional 88 shares during the period. Spire Wealth Management acquired a new stake in shares of Advanced Drainage Systems during the 4th quarter worth about $94,000. First Horizon Advisors Inc. raised its holdings in Advanced Drainage Systems by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock valued at $102,000 after buying an additional 137 shares during the period. Blue Trust Inc. lifted its position in Advanced Drainage Systems by 12.0% in the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock valued at $116,000 after buying an additional 108 shares during the last quarter. Finally, Headlands Technologies LLC boosted its stake in Advanced Drainage Systems by 1,298.6% during the fourth quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock worth $118,000 after buying an additional 948 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WMS. UBS Group reduced their price target on shares of Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Stephens reissued an "equal weight" rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Robert W. Baird decreased their price target on Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. KeyCorp dropped their price objective on Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Oppenheimer cut their price objective on Advanced Drainage Systems from $165.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Advanced Drainage Systems has an average rating of "Moderate Buy" and a consensus target price of $139.88.

Advanced Drainage Systems Stock Down 1.0%

WMS stock traded down $1.15 during midday trading on Friday, hitting $109.85. The company's stock had a trading volume of 97,832 shares, compared to its average volume of 659,507. The firm has a 50-day simple moving average of $110.22 and a 200-day simple moving average of $118.54. The firm has a market capitalization of $8.52 billion, a P/E ratio of 18.37, a PEG ratio of 1.13 and a beta of 1.31. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week high of $179.57.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The construction company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.06). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. The company had revenue of $615.76 million during the quarter, compared to analyst estimates of $653.22 million. During the same quarter in the previous year, the business posted $1.23 earnings per share. The firm's revenue was down 5.8% on a year-over-year basis. As a group, equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from Advanced Drainage Systems's previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.66%. Advanced Drainage Systems's payout ratio is currently 12.50%.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.