Robeco Schweiz AG Acquires 106,466 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Robeco Schweiz AG boosted its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 49.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 321,941 shares of the construction company's stock after buying an additional 106,466 shares during the quarter. Robeco Schweiz AG owned approximately 0.42% of Advanced Drainage Systems worth $34,979,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Advanced Drainage Systems by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company's stock valued at $847,610,000 after acquiring an additional 52,799 shares in the last quarter. Impax Asset Management Group plc grew its position in shares of Advanced Drainage Systems by 14.8% during the 1st quarter. Impax Asset Management Group plc now owns 2,904,414 shares of the construction company's stock worth $314,700,000 after purchasing an additional 374,414 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Advanced Drainage Systems by 63.2% during 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 purchasing an additional 799,569 shares during the period. First Trust Advisors LP raised 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 valued at $200,315,000 after buying an additional 544,109 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Advanced Drainage Systems by 1.2% in the fourth quarter. American Century Companies Inc. now owns 1,402,447 shares of the construction company's stock valued at $162,123,000 after buying an additional 16,415 shares during the period. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Price Performance

NYSE WMS traded down $3.43 during trading hours on Monday, hitting $116.80. The company had a trading volume of 444,480 shares, compared to its average volume of 691,115. The firm has a 50 day simple moving average of $115.67 and a 200 day simple moving average of $114.54. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $179.57. The firm has a market capitalization of $9.07 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.74 and a beta of 1.24. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.10 and a current ratio of 3.33.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly 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 the consensus estimate of $653.22 million. Advanced Drainage Systems had a return on equity of 32.33% and a net margin of 15.50%. Advanced Drainage Systems's quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 EPS. Equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a dividend of $0.18 per share. The ex-dividend date was Friday, May 30th. This represents a $0.72 annualized dividend and a yield of 0.62%. This is a boost from Advanced Drainage Systems's previous quarterly dividend of $0.16. Advanced Drainage Systems's dividend payout ratio is presently 12.50%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WMS. Wall Street Zen downgraded shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. KeyCorp decreased their price objective on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Loop Capital cut their target price on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating for the company in a research note on Friday, May 16th. Oppenheimer reduced their target price 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. Finally, Barclays boosted their price target on Advanced Drainage Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Advanced Drainage Systems currently has an average rating of "Moderate Buy" and an average price target of $139.88.

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.