Teacher Retirement System of Texas Has $1.17 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Teacher Retirement System of Texas increased its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 97.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,769 shares of the construction company's stock after acquiring an additional 5,319 shares during the period. Teacher Retirement System of Texas' holdings in Advanced Drainage Systems were worth $1,170,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. NBC Securities Inc. acquired a new stake in Advanced Drainage Systems during the 1st quarter valued at $26,000. Bessemer Group Inc. lifted its stake in shares of Advanced Drainage Systems by 76.2% during 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 during the period. Mascagni Wealth Management Inc. purchased a new position in shares of Advanced Drainage Systems during the 4th quarter worth $74,000. GAMMA Investing LLC raised its position 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 buying an additional 508 shares during the period. Finally, Headlands Technologies LLC raised its position 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 buying an additional 948 shares during the period. Institutional investors and hedge funds own 89.83% of the company's stock.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS traded up $1.79 during trading on Thursday, hitting $112.68. The company had a trading volume of 648,969 shares, compared to its average volume of 632,947. The company has a market cap of $8.75 billion, a P/E ratio of 19.56, a PEG ratio of 1.61 and a beta of 1.24. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $179.57. The business's 50-day moving average is $115.64 and its 200 day moving average is $114.50. 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 posted its quarterly earnings data on Thursday, May 15th. The construction company reported $1.03 earnings per share 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 for the quarter, compared to analysts' expectations of $653.22 million. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The company's revenue for the quarter was down 5.8% on a year-over-year basis. Equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The company also recently disclosed 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. This represents a $0.72 annualized dividend and a yield of 0.64%. This is a boost from Advanced Drainage Systems's previous quarterly dividend of $0.16. The ex-dividend date was Friday, May 30th. Advanced Drainage Systems's dividend payout ratio is currently 12.50%.

Analysts Set New Price Targets

Several brokerages recently weighed in on WMS. Loop Capital cut their target price 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. Deutsche Bank Aktiengesellschaft initiated coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They issued a "buy" rating and a $134.00 price objective on the stock. Oppenheimer cut their price objective on 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. KeyCorp cut their price objective on Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Wall Street Zen lowered Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Advanced Drainage Systems has an average rating of "Moderate Buy" and a consensus target price 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.