Susquehanna Fundamental Investments LLC Purchases Shares of 118,313 Advanced Drainage Systems, Inc. $WMS

Key Points

• Susquehanna Fundamental Investments acquired 118,313 shares of Advanced Drainage Systems, valued at approximately $18.57 million, giving it a 0.16% stake. Institutional investors collectively own 89.83% of the company.
• Analysts maintain a positive outlook, with the stock receiving a consensus “Moderate Buy” rating and an average price target of $188.70; recent targets range from $190 to $207.
• Advanced Drainage Systems exceeded quarterly expectations, reporting $2.49 in earnings per share versus a $2.10 estimate and 20.6% year-over-year revenue growth. The company also declared a quarterly dividend of $0.20 per share, representing a 0.6% annualized yield.

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 118,313 shares of the construction company's stock, valued at approximately $18,570,000. Susquehanna Fundamental Investments LLC owned about 0.16% of Advanced Drainage Systems as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Advanced Drainage Systems in the 2nd quarter valued at approximately $1,172,482,000. Norges Bank acquired a new stake in shares of Advanced Drainage Systems during the 4th quarter worth approximately $156,587,000. Wellington Management Group LLP increased its position in shares of Advanced Drainage Systems by 234.0% during the third quarter. Wellington Management Group LLP now owns 1,188,906 shares of the construction company's stock valued at $164,901,000 after purchasing an additional 832,929 shares during the period. Bamco Inc. NY bought a new stake in shares of Advanced Drainage Systems during the second quarter valued at approximately $106,800,000. Finally, Amundi raised its stake in shares of Advanced Drainage Systems by 80.9% in the fourth quarter. Amundi now owns 1,279,576 shares of the construction company's stock valued at $185,324,000 after purchasing an additional 572,193 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. DA Davidson started coverage on shares of Advanced Drainage Systems in a research note on Tuesday, August 25th. They set a "buy" rating and a $190.00 price target on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Advanced Drainage Systems in a report on Friday, July 17th. Barclays lifted their target price on shares of Advanced Drainage Systems from $181.00 to $191.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. UBS Group upped their target price on shares of Advanced Drainage Systems from $205.00 to $207.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Finally, KeyCorp restated an "overweight" rating on shares of Advanced Drainage Systems in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Advanced Drainage Systems presently has an average rating of "Moderate Buy" and a consensus target price of $188.70.

Advanced Drainage Systems Price Performance

Shares of Advanced Drainage Systems stock opened at $137.11 on Monday. The stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 1.50 and a beta of 1.27. The firm's 50-day moving average price is $145.99 and its two-hundred day moving average price is $146.29. The company has a current ratio of 2.12, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. Advanced Drainage Systems, Inc. has a 1-year low of $128.03 and a 1-year high of $179.32.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its earnings results on Thursday, August 6th. The construction company reported $2.49 EPS for the quarter, topping the consensus estimate of $2.10 by $0.39. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.39 million. Advanced Drainage Systems had a return on equity of 28.28% and a net margin of 14.00%.Advanced Drainage Systems's revenue was up 20.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.95 EPS. On average, equities analysts predict that Advanced Drainage Systems, Inc. will post 6.62 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, September 1st. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 13.82%.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc NYSE: WMS is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company's product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.

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