Future Fund LLC Increases Holdings in Advanced Drainage Systems, Inc. $WMS

Future Fund LLC lifted its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 27.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,329 shares of the construction company’s stock after acquiring an additional 5,827 shares during the period. Advanced Drainage Systems accounts for about 1.3% of Future Fund LLC’s portfolio, making the stock its 15th biggest holding. Future Fund LLC’s holdings in Advanced Drainage Systems were worth $3,748,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its holdings in Advanced Drainage Systems by 3.1% in the 3rd quarter. State Street Corp now owns 2,551,901 shares of the construction company’s stock worth $353,949,000 after purchasing an additional 75,777 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in Advanced Drainage Systems by 32.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 2,204,801 shares of the construction company’s stock worth $302,290,000 after purchasing an additional 546,298 shares during the period. Amundi grew its holdings in Advanced Drainage Systems by 80.9% during the 4th quarter. Amundi now owns 1,279,576 shares of the construction company’s stock valued at $185,324,000 after buying an additional 572,193 shares in the last quarter. Geode Capital Management LLC grew its holdings in Advanced Drainage Systems by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 1,271,453 shares of the construction company’s stock valued at $184,184,000 after buying an additional 15,069 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Advanced Drainage Systems by 6.3% during the fourth quarter. Wellington Management Group LLP now owns 1,264,156 shares of the construction company’s stock valued at $183,088,000 after buying an additional 75,250 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Down 2.4%

Shares of WMS opened at $147.62 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.42 and a quick ratio of 1.35. The stock has a market capitalization of $11.31 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 1.63 and a beta of 1.26. Advanced Drainage Systems, Inc. has a 1 year low of $110.79 and a 1 year high of $179.32. The business’s 50 day simple moving average is $142.09 and its 200-day simple moving average is $148.92.

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

Advanced Drainage Systems Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Oppenheimer lowered their target price on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating on the stock in a report on Tuesday, May 26th. Royal Bank Of Canada raised their target price on shares of Advanced Drainage Systems from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. UBS Group reduced their price target on shares of Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. 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. Finally, Barclays increased their price objective on shares of Advanced Drainage Systems from $181.00 to $191.00 and gave the company an “overweight” rating in a report on Tuesday. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $187.00.

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.