BI Asset Management Fondsmaeglerselskab A S Has $5.26 Million Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 3.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 30,544 shares of the construction company’s stock after purchasing an additional 987 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Advanced Drainage Systems were worth $5,261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in WMS. Rise Advisors LLC bought a new position in shares of Advanced Drainage Systems in the first quarter worth about $32,000. Contravisory Investment Management Inc. acquired a new stake in shares of Advanced Drainage Systems in the fourth quarter valued at approximately $27,000. GAMMA Investing LLC bought a new position in Advanced Drainage Systems in the 4th quarter worth approximately $28,000. Avalon Trust Co acquired a new position in Advanced Drainage Systems during the 4th quarter worth $38,000. Finally, Tobam bought a new position in Advanced Drainage Systems in the 1st quarter valued at $56,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WMS. Barclays boosted their target price on Advanced Drainage Systems from $189.00 to $202.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Robert W. Baird upped their target price on shares of Advanced Drainage Systems from $192.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. KeyCorp lifted their price target on shares of Advanced Drainage Systems from $185.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. StockNews.com upgraded shares of Advanced Drainage Systems from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, Northcoast Research initiated coverage on shares of Advanced Drainage Systems in a research note on Wednesday, May 8th. They issued a “buy” rating and a $190.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $181.88.

Advanced Drainage Systems Trading Up 0.5 %

Shares of NYSE:WMS traded up $0.80 during mid-day trading on Wednesday, reaching $153.79. The stock had a trading volume of 98,622 shares, compared to its average volume of 481,317. The firm has a 50 day simple moving average of $167.46 and a two-hundred day simple moving average of $158.20. Advanced Drainage Systems, Inc. has a twelve month low of $102.32 and a twelve month high of $184.27. The firm has a market cap of $11.92 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 1.26 and a beta of 1.55. The company has a current ratio of 2.96, a quick ratio of 1.90 and a debt-to-equity ratio of 1.13.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, May 16th. The construction company reported $1.23 EPS for the quarter, beating the consensus estimate of $0.95 by $0.28. The firm had revenue of $653.80 million during the quarter, compared to the consensus estimate of $611.99 million. Advanced Drainage Systems had a net margin of 17.74% and a return on equity of 46.93%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.06 earnings per share. On average, research analysts predict that Advanced Drainage Systems, Inc. will post 7.17 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from Advanced Drainage Systems’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 0.42%. Advanced Drainage Systems’s payout ratio is currently 9.94%.

Insider Buying and Selling at Advanced Drainage Systems

In other news, EVP Robert M. Klein sold 3,059 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $175.95, for a total transaction of $538,231.05. Following the sale, the executive vice president now owns 102,070 shares of the company’s stock, valued at $17,959,216.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Tim A. Makowski sold 3,800 shares of the company’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $170.68, for a total value of $648,584.00. Following the completion of the transaction, the insider now owns 4,530 shares in the company, valued at $773,180.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert M. Klein sold 3,059 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $175.95, for a total transaction of $538,231.05. Following the sale, the executive vice president now owns 102,070 shares in the company, valued at $17,959,216.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 176,004 shares of company stock valued at $30,547,285. Company insiders own 2.05% of the company’s stock.

Advanced Drainage Systems 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.