Advanced Drainage Systems, Inc. (NYSE:WMS) Stock Position Raised by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd lifted its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 190.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,281 shares of the construction company’s stock after buying an additional 32,997 shares during the quarter. Lombard Odier Asset Management Europe Ltd owned about 0.06% of Advanced Drainage Systems worth $8,065,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

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

Advanced Drainage Systems Stock Performance

Advanced Drainage Systems stock opened at $152.45 on Monday. The company has a market cap of $11.82 billion, a PE ratio of 23.67, a PEG ratio of 1.26 and a beta of 1.53. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 1.04. Advanced Drainage Systems, Inc. has a 1 year low of $102.32 and a 1 year high of $184.27. The company’s 50-day moving average is $156.10 and its two-hundred day moving average is $162.60.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, August 8th. The construction company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.08. The firm had revenue of $815.34 million during the quarter, compared to analyst estimates of $828.00 million. Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. Equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Friday, August 30th. Advanced Drainage Systems’s payout ratio is presently 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.