First Hawaiian Bank Has $742,000 Stake in Advanced Drainage Systems, Inc. (NYSE:WMS)

First Hawaiian Bank raised its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,625 shares of the construction company’s stock after acquiring an additional 305 shares during the period. First Hawaiian Bank’s holdings in Advanced Drainage Systems were worth $742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of WMS. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Advanced Drainage Systems by 319.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock valued at $26,000 after purchasing an additional 115 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Advanced Drainage Systems in the 4th quarter valued at approximately $28,000. Rise Advisors LLC bought a new position in shares of Advanced Drainage Systems in the first quarter valued at $32,000. Avalon Trust Co bought a new position in shares of Advanced Drainage Systems in the fourth quarter valued at $38,000. Finally, Tobam bought a new position in shares of Advanced Drainage Systems in the first quarter valued at $56,000. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Price Performance

NYSE WMS traded down $4.80 during trading on Monday, hitting $156.73. 627,881 shares of the company’s stock were exchanged, compared to its average volume of 485,737. The company has a market cap of $12.15 billion, a PE ratio of 24.02, a P/E/G ratio of 1.32 and a beta of 1.55. The company has a current ratio of 2.96, a quick ratio of 1.90 and a debt-to-equity ratio of 1.13. The stock’s 50 day moving average price is $166.48 and its two-hundred day moving average price is $162.55. Advanced Drainage Systems, Inc. has a fifty-two week low of $102.32 and a fifty-two week high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, May 16th. The construction company reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.28. The company had revenue of $653.80 million for the quarter, compared to analysts’ expectations of $611.99 million. Advanced Drainage Systems had a return on equity of 46.93% and a net margin of 17.74%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.06 earnings per share. Research analysts expect that Advanced Drainage Systems, Inc. will post 7.19 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, May 31st. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 0.41%. Advanced Drainage Systems’s dividend payout ratio is presently 9.94%.

Insider Activity at Advanced Drainage Systems

In related news, EVP Robert M. Klein sold 3,059 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $175.95, for a total value of $538,231.05. Following the sale, the executive vice president now directly owns 102,070 shares in the company, valued at $17,959,216.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Advanced Drainage Systems news, EVP Robert M. Klein sold 3,059 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $175.95, for a total value of $538,231.05. Following the transaction, the executive vice president now directly owns 102,070 shares of the company’s stock, valued at $17,959,216.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tim A. Makowski sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $170.68, for a total value of $648,584.00. Following the completion of the transaction, the insider now directly owns 4,530 shares in the company, valued at $773,180.40. The disclosure for this sale can be found here. Insiders have sold 176,004 shares of company stock worth $30,547,285 over the last ninety days. Insiders own 2.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WMS. Oppenheimer raised their target price on shares of Advanced Drainage Systems from $172.00 to $180.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Robert W. Baird lifted their price objective on shares of Advanced Drainage Systems from $192.00 to $200.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Barclays lifted their price objective on shares of Advanced Drainage Systems from $189.00 to $202.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. StockNews.com downgraded Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Northcoast Research initiated coverage on Advanced Drainage Systems in a research note on Wednesday, May 8th. They issued a “buy” rating and a $190.00 price target for the company. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $188.86.

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.