Rathbones Group PLC Has $33.20 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Rathbones Group PLC boosted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 4.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 206,970 shares of the construction company’s stock after acquiring an additional 8,468 shares during the period. Rathbones Group PLC owned 0.27% of Advanced Drainage Systems worth $33,196,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of Advanced Drainage Systems by 1.4% during the second quarter. Envestnet Asset Management Inc. now owns 63,692 shares of the construction company’s stock worth $10,216,000 after purchasing an additional 851 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of Advanced Drainage Systems by 19.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,081 shares of the construction company’s stock valued at $655,000 after acquiring an additional 661 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Advanced Drainage Systems by 4.7% in the 2nd quarter. William Blair Investment Management LLC now owns 1,430,091 shares of the construction company’s stock valued at $229,372,000 after acquiring an additional 64,618 shares during the period. Thoroughbred Financial Services LLC bought a new position in Advanced Drainage Systems during the 2nd quarter worth approximately $382,000. Finally, Federated Hermes Inc. grew its holdings in Advanced Drainage Systems by 1.2% during the second quarter. Federated Hermes Inc. now owns 344,314 shares of the construction company’s stock valued at $55,225,000 after purchasing an additional 4,240 shares during the period. Institutional investors own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

WMS has been the topic of a number of recent analyst reports. Loop Capital reduced their price target on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Barclays decreased their target price on Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Oppenheimer reaffirmed an “outperform” rating and set a $192.00 price target on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. Robert W. Baird decreased their price objective on Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. Finally, StockNews.com downgraded shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $190.14.

Advanced Drainage Systems Stock Up 2.2 %

NYSE:WMS opened at $147.58 on Friday. The company has a market cap of $11.44 billion, a PE ratio of 22.92, a PEG ratio of 1.22 and a beta of 1.53. The stock has a 50-day simple moving average of $156.80 and a 200 day simple moving average of $163.05. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.90 and a current ratio of 2.89. Advanced Drainage Systems, Inc. has a 52-week low of $102.32 and a 52-week high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.08. Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. The company had revenue of $815.34 million during the quarter, compared to analysts’ expectations of $828.00 million. On average, sell-side analysts expect that Advanced Drainage Systems, Inc. will post 6.95 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.16 per share. The ex-dividend date was Friday, August 30th. This represents a $0.64 annualized dividend and a yield of 0.43%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 9.94%.

About Advanced Drainage Systems

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.