XTX Topco Ltd Has $1.47 Million Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

XTX Topco Ltd lifted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 682.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,189 shares of the construction company’s stock after purchasing an additional 8,015 shares during the period. XTX Topco Ltd’s holdings in Advanced Drainage Systems were worth $1,474,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Advanced Drainage Systems by 319.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock valued at $26,000 after purchasing an additional 115 shares during the period. West Oak Capital LLC boosted its stake in shares of Advanced Drainage Systems by 133.3% in the 2nd quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. lifted its holdings in Advanced Drainage Systems by 1,472.7% in the second quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock valued at $30,000 after buying an additional 162 shares during the period. Rise Advisors LLC bought a new stake in Advanced Drainage Systems during the first quarter valued at $32,000. Finally, National Bank of Canada FI acquired a new stake in Advanced Drainage Systems during the 2nd quarter worth about $45,000. Institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

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

Advanced Drainage Systems Stock Down 2.1 %

Shares of NYSE WMS opened at $152.37 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.89 and a quick ratio of 1.90. The company has a 50-day moving average price of $156.33 and a 200-day moving average price of $162.69. The stock has a market capitalization of $11.81 billion, a P/E ratio of 23.66, a P/E/G ratio of 1.26 and a beta of 1.53. Advanced Drainage Systems, Inc. has a 1 year low of $102.32 and a 1 year high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that Advanced Drainage Systems, Inc. will post 6.95 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Friday, August 30th. Advanced Drainage Systems’s payout ratio is currently 9.94%.

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.