SG Americas Securities LLC Takes Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

SG Americas Securities LLC acquired a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,302 shares of the construction company's stock, valued at approximately $2,314,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kestra Private Wealth Services LLC increased its position in shares of Advanced Drainage Systems by 36.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 3,815 shares of the construction company's stock valued at $441,000 after buying an additional 1,018 shares in the last quarter. Savant Capital LLC grew its stake in Advanced Drainage Systems by 3.2% in the 4th quarter. Savant Capital LLC now owns 6,294 shares of the construction company's stock valued at $728,000 after acquiring an additional 196 shares during the last quarter. Van ECK Associates Corp increased its holdings in Advanced Drainage Systems by 65.9% during the 4th quarter. Van ECK Associates Corp now owns 63,309 shares of the construction company's stock valued at $7,319,000 after acquiring an additional 25,158 shares in the last quarter. Asset Management One Co. Ltd. raised its position in Advanced Drainage Systems by 2.0% during the fourth quarter. Asset Management One Co. Ltd. now owns 15,408 shares of the construction company's stock worth $1,781,000 after acquiring an additional 296 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Advanced Drainage Systems by 27.5% in the fourth quarter. Vontobel Holding Ltd. now owns 27,388 shares of the construction company's stock valued at $3,166,000 after purchasing an additional 5,909 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Advanced Drainage Systems Trading Up 0.1%

Shares of WMS stock traded up $0.16 during trading hours on Wednesday, hitting $113.74. 446,210 shares of the company were exchanged, compared to its average volume of 616,467. The firm has a fifty day moving average of $112.33 and a 200 day moving average of $115.46. The company has a quick ratio of 2.10, a current ratio of 3.33 and a debt-to-equity ratio of 0.90. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $179.57. The firm has a market cap of $8.83 billion, a PE ratio of 19.73, a PEG ratio of 1.68 and a beta of 1.25.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The construction company reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $615.76 million for the quarter, compared to analysts' expectations of $653.22 million. During the same period in the prior year, the business earned $1.23 EPS. The business's revenue for the quarter was down 5.8% on a year-over-year basis. 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 paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, May 30th. This is a positive change from Advanced Drainage Systems's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 0.63%. Advanced Drainage Systems's dividend payout ratio is currently 12.50%.

Wall Street Analysts Forecast Growth

WMS has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Advanced Drainage Systems in a research note on Tuesday, April 1st. They set a "buy" rating and a $134.00 price objective for the company. Oppenheimer dropped their price target on Advanced Drainage Systems from $165.00 to $160.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Loop Capital reduced their price objective on 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. Robert W. Baird decreased their price objective 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. Finally, Barclays boosted their target price on shares of Advanced Drainage Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Advanced Drainage Systems has a consensus rating of "Moderate Buy" and a consensus price target of $139.88.

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.