Raiffeisen Bank International AG Grows Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Key Points

• Raiffeisen Bank International AG increased its stake in Advanced Drainage Systems by 76.2%, owning 7,630 shares worth approximately $826,000 as of the latest SEC filing.
• Analysts have mixed ratings on Advanced Drainage Systems, with one sell rating, one hold rating, and seven buy ratings, while the average target price is $139.88.
• Advanced Drainage Systems recently raised its quarterly dividend from $0.16 to $0.18, reflecting an annual yield of 0.6% with a payout ratio of 12.50%.

Raiffeisen Bank International AG lifted its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 76.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,630 shares of the construction company's stock after buying an additional 3,300 shares during the period. Raiffeisen Bank International AG's holdings in Advanced Drainage Systems were worth $826,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of WMS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Advanced Drainage Systems by 63.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,064,527 shares of the construction company's stock worth $238,659,000 after buying an additional 799,569 shares during the period. First Trust Advisors LP boosted its position in shares of Advanced Drainage Systems by 45.8% in the fourth quarter. First Trust Advisors LP now owns 1,732,827 shares of the construction company's stock worth $200,315,000 after buying an additional 544,109 shares during the period. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Advanced Drainage Systems in the fourth quarter worth about $46,997,000. Impax Asset Management Group plc boosted its position in shares of Advanced Drainage Systems by 14.8% in the first quarter. Impax Asset Management Group plc now owns 2,904,414 shares of the construction company's stock worth $314,700,000 after buying an additional 374,414 shares during the period. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Advanced Drainage Systems in the fourth quarter worth about $42,160,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WMS shares. Wall Street Zen lowered Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Robert W. Baird dropped their target price on Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Oppenheimer reduced their price target on shares of Advanced Drainage Systems from $165.00 to $160.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Loop Capital reduced their price target on shares of Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. Finally, Barclays increased their price target on shares of Advanced Drainage Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $139.88.

Advanced Drainage Systems Stock Performance

Shares of WMS stock opened at $112.96 on Tuesday. The company has a quick ratio of 2.10, a current ratio of 3.33 and a debt-to-equity ratio of 0.90. The business has a 50 day moving average of $115.29 and a two-hundred day moving average of $114.33. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $166.03. The company has a market cap of $8.77 billion, a P/E ratio of 19.61, a PEG ratio of 1.65 and a beta of 1.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its earnings results on Thursday, May 15th. The construction company reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.09 by ($0.06). The company had revenue of $615.76 million during the quarter, compared to analyst estimates of $653.22 million. Advanced Drainage Systems had a net margin of 15.50% and a return on equity of 32.33%. The business's revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.23 earnings per share. As a group, analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a $0.18 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a yield of 0.6%. This is a boost from Advanced Drainage Systems's previous quarterly dividend of $0.16. Advanced Drainage Systems's payout ratio is 12.50%.

Advanced Drainage Systems Profile

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.

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