XTX Topco Ltd Purchases 8,015 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

XTX Topco Ltd increased its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 682.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,189 shares of the construction company’s stock after acquiring an additional 8,015 shares during the period. XTX Topco Ltd’s holdings in Advanced Drainage Systems were worth $1,474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Advanced Drainage Systems by 319.4% during the first 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. Blue Trust Inc. increased its stake in shares of Advanced Drainage Systems by 1,472.7% during the 2nd quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock worth $30,000 after purchasing an additional 162 shares during the last quarter. West Oak Capital LLC raised its holdings in shares of 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. Rise Advisors LLC purchased a new position in Advanced Drainage Systems in the first quarter valued at approximately $32,000. Finally, GAMMA Investing LLC grew its holdings 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 purchasing an additional 62 shares during the period. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Performance

Advanced Drainage Systems stock opened at $152.37 on Friday. Advanced Drainage Systems, Inc. has a 1-year low of $102.32 and a 1-year high of $184.27. The company has a current ratio of 2.89, a quick ratio of 1.90 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $11.81 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.26 and a beta of 1.53. The firm’s 50 day simple moving average is $156.33 and its 200 day simple moving average is $162.69.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, August 8th. The construction company reported $2.06 earnings per share for the quarter, topping 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 firm had revenue of $815.34 million for the quarter, compared to analysts’ expectations of $828.00 million. As a group, analysts expect that Advanced Drainage Systems, Inc. will post 6.95 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.16 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.64 annualized dividend and a dividend yield of 0.42%. Advanced Drainage Systems’s payout ratio is currently 9.94%.

Wall Street Analysts Forecast Growth

WMS has been the topic of a number of recent research reports. Barclays dropped their price target on Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. 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 cut shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. 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 note on Monday, August 12th. Finally, Robert W. Baird cut their price target on Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating for the company in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and an average target price 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.