Axa S.A. Has $32.13 Million Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Axa S.A. increased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,350 shares of the construction company’s stock after acquiring an additional 691 shares during the quarter. Axa S.A. owned about 0.26% of Advanced Drainage Systems worth $32,134,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in WMS. CANADA LIFE ASSURANCE Co raised its holdings in Advanced Drainage Systems by 24.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 63,780 shares of the construction company’s stock worth $11,006,000 after purchasing an additional 12,655 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Advanced Drainage Systems by 10.3% during the 1st quarter. Nordea Investment Management AB now owns 121,851 shares of the construction company’s stock worth $21,178,000 after buying an additional 11,423 shares during the period. Magnetar Financial LLC bought a new stake in shares of Advanced Drainage Systems during the first quarter worth approximately $525,000. Price T Rowe Associates Inc. MD lifted its holdings in Advanced Drainage Systems by 16.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 139,677 shares of the construction company’s stock valued at $24,059,000 after buying an additional 19,626 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Advanced Drainage Systems by 5.8% in the first quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company’s stock valued at $1,251,353,000 after acquiring an additional 395,099 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

NYSE WMS opened at $156.82 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.90 and a current ratio of 2.89. The stock has a market cap of $12.16 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.30 and a beta of 1.53. The business has a 50 day simple moving average of $154.76 and a 200 day simple moving average of $162.35. 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 issued its earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.08. The business had revenue of $815.34 million for the quarter, compared to the consensus estimate of $828.00 million. Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. Analysts anticipate that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Friday, August 30th. Advanced Drainage Systems’s payout ratio is 9.94%.

Analyst Upgrades and Downgrades

Several analysts have commented on WMS shares. Oppenheimer reiterated an “outperform” rating and set a $192.00 target price on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. StockNews.com lowered Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Loop Capital decreased 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. Robert W. Baird cut 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 report on Friday, August 9th. Finally, Barclays reduced their price objective on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $190.14.

Advanced Drainage Systems Company 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.