Algebris UK Ltd Makes New Investment in Advanced Drainage Systems, Inc. (NYSE:WMS)

Algebris UK Ltd acquired a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) during the 4th quarter, Holdings Channel.com reports. The firm acquired 4,312 shares of the construction company’s stock, valued at approximately $481,000.

Several other institutional investors have also modified their holdings of the business. Xponance Inc. raised its holdings in Advanced Drainage Systems by 3.8% during the 4th quarter. Xponance Inc. now owns 10,379 shares of the construction company’s stock worth $1,200,000 after buying an additional 376 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Advanced Drainage Systems during the fourth quarter worth $564,000. Mirova US LLC raised its holdings in shares of Advanced Drainage Systems by 18.5% during the fourth quarter. Mirova US LLC now owns 407,588 shares of the construction company’s stock worth $47,117,000 after acquiring an additional 63,625 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Advanced Drainage Systems by 3.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 9,071 shares of the construction company’s stock valued at $1,049,000 after acquiring an additional 282 shares in the last quarter. Finally, LBP AM SA boosted its stake in Advanced Drainage Systems by 1.4% in the 4th quarter. LBP AM SA now owns 58,432 shares of the construction company’s stock worth $6,755,000 after purchasing an additional 827 shares during the period. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

WMS opened at $109.73 on Wednesday. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. Advanced Drainage Systems, Inc. has a 12-month low of $101.90 and a 12-month high of $184.27. The business has a 50 day moving average of $118.26 and a 200-day moving average of $132.07. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.13 and a beta of 1.61.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. On average, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.16 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.58%. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 10.70%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WMS shares. Stephens reissued an “equal weight” rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Loop Capital cut their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. StockNews.com raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. Barclays lowered their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Finally, UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a report on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.25.

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.