Trium Capital LLP Invests $484,000 in Advanced Drainage Systems, Inc. (NYSE:WMS)

Trium Capital LLP acquired a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,080 shares of the construction company’s stock, valued at approximately $484,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in shares of Advanced Drainage Systems by 101.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 144,221 shares of the construction company’s stock worth $20,283,000 after buying an additional 72,481 shares during the period. Wellington Management Group LLP increased its holdings in shares of Advanced Drainage Systems by 107.4% in the fourth quarter. Wellington Management Group LLP now owns 567,504 shares of the construction company’s stock valued at $79,814,000 after purchasing an additional 293,924 shares during the period. Fisher Asset Management LLC raised its stake in shares of Advanced Drainage Systems by 0.5% during the fourth quarter. Fisher Asset Management LLC now owns 28,848 shares of the construction company’s stock worth $4,057,000 after purchasing an additional 143 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Advanced Drainage Systems during the first quarter worth $963,000. Finally, GAMMA Investing LLC grew its position in Advanced Drainage Systems by 29.4% in the 1st quarter. GAMMA Investing LLC now owns 273 shares of the construction company’s stock valued at $47,000 after buying an additional 62 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Performance

NYSE:WMS opened at $154.39 on Tuesday. Advanced Drainage Systems, Inc. has a fifty-two week low of $102.32 and a fifty-two week high of $184.27. The firm’s 50 day moving average is $152.86 and its two-hundred day moving average is $161.87. The company has a market cap of $11.97 billion, a P/E ratio of 23.97, a P/E/G ratio of 1.32 and a beta of 1.53. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 1.04.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly 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 firm had revenue of $815.34 million during the quarter, compared to analysts’ expectations of $828.00 million. Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. Analysts expect that Advanced Drainage Systems, Inc. will post 6.95 EPS for the current year.

Advanced Drainage Systems Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently weighed in on WMS shares. 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 report on Monday, August 12th. 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. Robert W. Baird decreased their price target 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. StockNews.com cut shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Barclays cut their price target 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. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and an average 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.