Quantinno Capital Management LP Acquires 9,021 Shares of Advanced Drainage Systems Inc (NYSE:WMS)

Quantinno Capital Management LP raised its position in Advanced Drainage Systems Inc (NYSE:WMS) by 89.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 19,133 shares of the construction company’s stock after purchasing an additional 9,021 shares during the period. Quantinno Capital Management LP’s holdings in Advanced Drainage Systems were worth $493,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers grew its position in Advanced Drainage Systems by 49.3% during the fourth quarter. Rhumbline Advisers now owns 49,132 shares of the construction company’s stock valued at $1,191,000 after buying an additional 16,225 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Advanced Drainage Systems by 576.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 54,807 shares of the construction company’s stock worth $1,329,000 after buying an additional 46,706 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Advanced Drainage Systems by 2.4% in the fourth quarter. New York State Common Retirement Fund now owns 50,589 shares of the construction company’s stock worth $1,227,000 after buying an additional 1,189 shares in the last quarter. Pearl River Capital LLC purchased a new position in shares of Advanced Drainage Systems in the fourth quarter worth $26,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Advanced Drainage Systems by 18.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,966 shares of the construction company’s stock worth $436,000 after buying an additional 2,834 shares in the last quarter. Hedge funds and other institutional investors own 79.36% of the company’s stock.

Separately, Zacks Investment Research raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $30.50.

Shares of WMS stock traded up $0.31 during mid-day trading on Friday, hitting $31.38. The company had a trading volume of 198,244 shares, compared to its average volume of 296,808. Advanced Drainage Systems Inc has a 52-week low of $23.04 and a 52-week high of $33.50. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.98 and a current ratio of 2.26. The company has a market capitalization of $1.81 billion, a PE ratio of 25.72 and a beta of 0.88.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, May 23rd. The construction company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.03. The company had revenue of $272.22 million for the quarter, compared to the consensus estimate of $274.41 million. Advanced Drainage Systems had a net margin of 5.39% and a return on equity of 37.25%. Advanced Drainage Systems’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. On average, research analysts predict that Advanced Drainage Systems Inc will post 1.31 EPS for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were paid a dividend of $1.00 per share. This is an increase from Advanced Drainage Systems’s previous special dividend of $0.08. The ex-dividend date of this dividend was Friday, May 31st. Advanced Drainage Systems’s dividend payout ratio is presently 29.51%.

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Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.

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Institutional Ownership by Quarter for Advanced Drainage Systems (NYSE:WMS)

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