Hsbc Holdings PLC Lowers Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Hsbc Holdings PLC trimmed its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 42.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,057 shares of the construction company’s stock after selling 29,392 shares during the quarter. Hsbc Holdings PLC owned approximately 0.05% of Advanced Drainage Systems worth $6,436,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WMS. GAMMA Investing LLC grew its position in Advanced Drainage Systems by 29.4% during the first quarter. GAMMA Investing LLC now owns 273 shares of the construction company’s stock valued at $47,000 after buying an additional 62 shares during the period. ORG Partners LLC grew its position in shares of Advanced Drainage Systems by 15.6% during the 1st quarter. ORG Partners LLC now owns 490 shares of the construction company’s stock valued at $83,000 after acquiring an additional 66 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of Advanced Drainage Systems by 10.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the construction company’s stock valued at $164,000 after purchasing an additional 95 shares in the last quarter. West Oak Capital LLC raised its holdings in Advanced Drainage Systems by 133.3% in the 2nd quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock worth $28,000 after purchasing an additional 100 shares during the period. Finally, Argent Capital Management LLC raised its holdings in Advanced Drainage Systems by 0.5% in the 1st quarter. Argent Capital Management LLC now owns 20,504 shares of the construction company’s stock worth $3,532,000 after purchasing an additional 104 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Trading Up 0.9 %

Shares of WMS opened at $153.82 on Tuesday. The firm’s fifty day moving average is $155.87 and its two-hundred day moving average is $162.52. The stock has a market cap of $11.92 billion, a PE ratio of 23.89, a price-to-earnings-growth ratio of 1.26 and a beta of 1.53. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 1.04. 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 announced its quarterly earnings data on Thursday, August 8th. The construction company reported $2.06 earnings per share (EPS) for the quarter, beating 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. Research analysts forecast that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.16 per share. 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 dividend payout ratio (DPR) is currently 9.94%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Oppenheimer restated an “outperform” rating and issued a $192.00 price objective on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. Robert W. Baird dropped their price target on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a research note on Friday, August 9th. Loop Capital reduced their price objective on shares of 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 downgraded shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Barclays cut their target price on shares of 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. One equities research analyst has rated the stock with a hold rating and seven have given 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 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.