Achmea Investment Management B.V. Sells 2,476 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Achmea Investment Management B.V. decreased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,327 shares of the construction company’s stock after selling 2,476 shares during the quarter. Achmea Investment Management B.V.’s holdings in Advanced Drainage Systems were worth $24,271,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Advanced Drainage Systems by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company’s stock valued at $1,251,353,000 after acquiring an additional 395,099 shares in the last quarter. Boston Partners lifted its holdings in shares of Advanced Drainage Systems by 16.9% in the first quarter. Boston Partners now owns 1,519,118 shares of the construction company’s stock valued at $261,609,000 after purchasing an additional 219,629 shares in the last quarter. Swedbank AB boosted its position in shares of Advanced Drainage Systems by 2.1% during the second quarter. Swedbank AB now owns 1,308,821 shares of the construction company’s stock valued at $209,922,000 after buying an additional 26,581 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Advanced Drainage Systems by 0.4% during the first quarter. Canada Pension Plan Investment Board now owns 1,162,388 shares of the construction company’s stock worth $200,210,000 after buying an additional 4,100 shares in the last quarter. Finally, KBC Group NV raised its position in Advanced Drainage Systems by 78.5% in the 4th quarter. KBC Group NV now owns 659,483 shares of the construction company’s stock valued at $92,750,000 after buying an additional 289,925 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on WMS. Barclays cut their price objective on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. StockNews.com downgraded shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Robert W. Baird decreased their price objective on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating for the company in a research note on Friday, August 9th. Oppenheimer restated an “outperform” rating and issued a $192.00 target price on shares of Advanced Drainage Systems in a research note on Thursday, August 15th. Finally, KeyCorp increased their price target on Advanced Drainage Systems from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $190.14.

Advanced Drainage Systems Trading Up 1.4 %

Shares of WMS stock opened at $143.06 on Thursday. Advanced Drainage Systems, Inc. has a 12-month low of $102.32 and a 12-month high of $184.27. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 1.04. The company has a 50 day moving average of $157.15 and a 200-day moving average of $163.31. The firm has a market cap of $11.09 billion, a P/E ratio of 22.21, a PEG ratio of 1.15 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.08. The business had revenue of $815.34 million during the quarter, compared to the consensus estimate of $828.00 million. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. Sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 7.18 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Friday, August 30th. Advanced Drainage Systems’s dividend payout ratio is currently 9.94%.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.