J. Safra Sarasin Holding AG Sells 13,973 Shares of Advanced Drainage Systems, Inc. $WMS

J. Safra Sarasin Holding AG lessened its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 8.4% in the 1st quarter, Holdings Channel reports. The firm owned 152,496 shares of the construction company’s stock after selling 13,973 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Advanced Drainage Systems were worth $20,865,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its position in shares of Advanced Drainage Systems by 352.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock worth $26,000 after buying an additional 176 shares during the last quarter. SJS Investment Consulting Inc. lifted its holdings in Advanced Drainage Systems by 78.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock worth $33,000 after purchasing an additional 107 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Advanced Drainage Systems during the third quarter worth approximately $36,000. Kestra Advisory Services LLC bought a new stake in Advanced Drainage Systems during the fourth quarter worth approximately $37,000. Finally, Los Angeles Capital Management LLC acquired a new position in Advanced Drainage Systems during the fourth quarter valued at approximately $42,000. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS opened at $150.89 on Monday. Advanced Drainage Systems, Inc. has a 1-year low of $109.63 and a 1-year high of $179.32. The firm has a market capitalization of $11.56 billion, a PE ratio of 27.74, a PEG ratio of 1.62 and a beta of 1.26. The business’s 50 day moving average is $141.67 and its 200-day moving average is $148.90. The company has a current ratio of 2.42, a quick ratio of 1.35 and a debt-to-equity ratio of 0.92.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. The business had revenue of $676.76 million during the quarter, compared to analyst estimates of $651.92 million. Advanced Drainage Systems had a return on equity of 26.63% and a net margin of 13.98%.Advanced Drainage Systems’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 earnings per share. Sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.55 earnings per share for the current year.

Advanced Drainage Systems Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.20 dividend. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.80 annualized dividend and a yield of 0.5%. Advanced Drainage Systems’s payout ratio is presently 14.71%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Zacks Research cut shares of Advanced Drainage Systems from a “hold” rating to a “strong sell” rating in a research note on Wednesday, June 17th. Jefferies Financial Group began coverage on shares of Advanced Drainage Systems in a research note on Thursday, June 11th. They issued a “buy” rating and a $175.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Monday, April 20th. Barclays decreased their price target on shares of Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Finally, KeyCorp reiterated an “overweight” rating on shares of Advanced Drainage Systems in a research note on Monday, June 22nd. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $185.75.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.