Bank of Montreal Can Boosts Stock Position in Advanced Drainage Systems, Inc. (NYSE:WMS)

Bank of Montreal Can grew its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 524.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,009 shares of the construction company’s stock after purchasing an additional 52,084 shares during the period. Bank of Montreal Can owned approximately 0.08% of Advanced Drainage Systems worth $10,834,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Advanced Drainage Systems by 319.4% during the 1st 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 lifted its position 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 purchasing an additional 100 shares during the period. Blue Trust Inc. boosted its holdings in Advanced Drainage Systems by 1,472.7% in the second quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock valued at $30,000 after purchasing an additional 162 shares during the last quarter. Rise Advisors LLC acquired a new stake in Advanced Drainage Systems during the 1st quarter worth about $32,000. Finally, National Bank of Canada FI purchased a new position in shares of Advanced Drainage Systems during the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

WMS has been the topic of a number of recent research reports. Robert W. Baird lowered their target price on 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. 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 report on Friday, August 9th. StockNews.com downgraded shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Oppenheimer reaffirmed an “outperform” rating and issued a $192.00 price objective on shares of Advanced Drainage Systems in a report on Thursday, August 15th. Finally, Loop Capital lowered their target price on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and a consensus target price of $190.14.

Advanced Drainage Systems Stock Up 2.2 %

Shares of NYSE WMS opened at $160.29 on Monday. Advanced Drainage Systems, Inc. has a 52-week low of $102.32 and a 52-week high of $184.27. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 1.04. The company’s 50-day simple moving average is $154.63 and its 200-day simple moving average is $162.35. The firm has a market cap of $12.42 billion, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 1.30 and a beta of 1.53.

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

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.40%. The ex-dividend date was Friday, August 30th. Advanced Drainage Systems’s dividend payout ratio is currently 9.94%.

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.