Robeco Schweiz AG Increases Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

Robeco Schweiz AG increased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 49.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 321,941 shares of the construction company's stock after acquiring 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 SEC filing.

Several other hedge funds have also recently made changes to their positions in WMS. NBC Securities Inc. bought a new stake in shares of Advanced Drainage Systems in the first quarter valued at $26,000. Bessemer Group Inc. boosted its holdings in shares of Advanced Drainage Systems by 76.2% in the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock worth $29,000 after purchasing an additional 115 shares in the last quarter. Mascagni Wealth Management Inc. purchased a new position in shares of Advanced Drainage Systems in the 4th quarter worth about $74,000. GAMMA Investing LLC boosted its holdings in shares of Advanced Drainage Systems by 167.1% in the 1st quarter. GAMMA Investing LLC now owns 812 shares of the construction company's stock worth $88,000 after purchasing an additional 508 shares in the last quarter. Finally, Headlands Technologies LLC boosted its holdings in shares of Advanced Drainage Systems by 1,298.6% in the 4th quarter. Headlands Technologies LLC now owns 1,021 shares of the construction company's stock worth $118,000 after purchasing an additional 948 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on WMS shares. KeyCorp lowered their target price 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. Deutsche Bank Aktiengesellschaft assumed coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They set a "buy" rating and a $134.00 price objective for the company. Barclays lifted their target price on Advanced Drainage Systems from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Wall Street Zen lowered Advanced Drainage Systems from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Oppenheimer cut their price objective on Advanced Drainage Systems from $165.00 to $160.00 and set an "outperform" rating for the company in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $139.88.

Advanced Drainage Systems Price Performance

Shares of Advanced Drainage Systems stock traded down $1.82 during trading hours on Friday, hitting $120.37. The company's stock had a trading volume of 460,011 shares, compared to its average volume of 630,364. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $179.57. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.10 and a current ratio of 3.33. The business has a 50 day moving average price of $115.67 and a two-hundred day moving average price of $114.57. The company has a market cap of $9.35 billion, a PE ratio of 20.90, a PEG ratio of 1.77 and a beta of 1.24.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its earnings results 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 return on equity of 32.33% and a net margin of 15.50%. The firm had revenue of $615.76 million during the quarter, compared to the consensus estimate of $653.22 million. During the same period last year, the firm posted $1.23 earnings per share. The company's revenue for the quarter was down 5.8% compared to the same quarter last year. Analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were paid a dividend of $0.18 per share. This is a boost from Advanced Drainage Systems's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.60%. Advanced Drainage Systems's dividend payout ratio is currently 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.