Lombard Odier Asset Management Europe Ltd Purchases 32,997 Shares of Advanced Drainage Systems, Inc. (NYSE:WMS)

Lombard Odier Asset Management Europe Ltd lifted its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 190.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 50,281 shares of the construction company’s stock after purchasing an additional 32,997 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Advanced Drainage Systems were worth $8,065,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Advanced Drainage Systems in the 4th quarter valued at $88,640,000. UBS Group AG grew its position in shares of Advanced Drainage Systems by 18.9% in the 4th quarter. UBS Group AG now owns 71,013 shares of the construction company’s stock valued at $9,987,000 after acquiring an additional 11,305 shares during the period. Hsbc Holdings PLC increased its stake in shares of Advanced Drainage Systems by 3.3% during the 4th quarter. Hsbc Holdings PLC now owns 119,859 shares of the construction company’s stock worth $16,915,000 after purchasing an additional 3,800 shares during the last quarter. Chesapeake Capital Corp IL bought a new stake in shares of Advanced Drainage Systems in the 4th quarter valued at about $993,000. Finally, Stifel Financial Corp grew its holdings in Advanced Drainage Systems by 3.4% during the fourth quarter. Stifel Financial Corp now owns 360,660 shares of the construction company’s stock worth $50,724,000 after purchasing an additional 11,720 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WMS shares. Barclays dropped their price objective on 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. StockNews.com downgraded shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Loop Capital cut 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 report on Monday, August 12th. Robert W. Baird decreased their target price 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, Oppenheimer reiterated an “outperform” rating and issued a $192.00 price target on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $190.14.

Advanced Drainage Systems Stock Performance

Shares of Advanced Drainage Systems stock opened at $152.45 on Monday. The company has a 50 day moving average of $156.10 and a 200-day moving average of $162.60. The company has a market cap of $11.82 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 1.26 and a beta of 1.53. 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.

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

Advanced Drainage Systems Announces Dividend

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

About Advanced Drainage Systems

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.