Teacher Retirement System of Texas Raises Holdings in Advanced Drainage Systems, Inc. (NYSE:WMS)

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

Several other institutional investors also recently bought and sold shares of the stock. NBC Securities Inc. bought a new stake in Advanced Drainage Systems during the first quarter valued at approximately $26,000. Bessemer Group Inc. increased 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 valued at $29,000 after acquiring an additional 115 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new position in Advanced Drainage Systems during the fourth quarter valued at $74,000. GAMMA Investing LLC increased its holdings in Advanced Drainage Systems by 167.1% during the 1st quarter. GAMMA Investing LLC now owns 812 shares of the construction company's stock valued at $88,000 after purchasing an additional 508 shares in the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of Advanced Drainage Systems by 1,298.6% during the fourth 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. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Trading Down 1.5%

Shares of Advanced Drainage Systems stock opened at $120.37 on Monday. The firm's 50-day moving average price is $115.67 and its 200 day moving average price is $114.54. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $179.57. The company has a current ratio of 3.33, a quick ratio of 2.10 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $9.35 billion, a PE ratio of 20.90, a P/E/G ratio of 1.74 and a beta of 1.24.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced 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 net margin of 15.50% and a return on equity of 32.33%. The business's revenue was down 5.8% compared to the same quarter last year. During the same period last year, the company earned $1.23 earnings per share. On average, sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were issued a $0.18 dividend. This is an increase from Advanced Drainage Systems's previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 0.60%. 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. UBS Group dropped their target price on shares of Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating for the company in a report on Friday, May 16th. Oppenheimer dropped their target price on shares of Advanced Drainage Systems from $165.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. KeyCorp reduced their target price on Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird cut their target price on Advanced Drainage Systems from $146.00 to $141.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Finally, Wall Street Zen downgraded Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $139.88.

Advanced Drainage Systems Company 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.

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