Advanced Drainage Systems, Inc. $WMS Stock Holdings Lifted by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc raised its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 15.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,482 shares of the construction company’s stock after purchasing an additional 31,805 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Advanced Drainage Systems were worth $27,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. grew its stake in Advanced Drainage Systems by 76.2% in the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company’s stock valued at $29,000 after purchasing an additional 115 shares in the last quarter. Parallel Advisors LLC grew its stake in Advanced Drainage Systems by 177.4% in the second quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock valued at $49,000 after purchasing an additional 275 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Advanced Drainage Systems in the first quarter valued at about $66,000. Signaturefd LLC grew its stake in Advanced Drainage Systems by 110.7% in the first quarter. Signaturefd LLC now owns 670 shares of the construction company’s stock valued at $73,000 after purchasing an additional 352 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Advanced Drainage Systems by 167.1% in the first quarter. GAMMA Investing LLC now owns 812 shares of the construction company’s stock valued at $88,000 after purchasing an additional 508 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

NYSE WMS opened at $141.47 on Wednesday. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $166.03. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22. The stock has a market capitalization of $11.00 billion, a PE ratio of 25.54, a P/E/G ratio of 1.82 and a beta of 1.32. The stock has a 50-day simple moving average of $140.71 and a 200 day simple moving average of $122.60.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.17. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The business had revenue of $829.88 million during the quarter, compared to analysts’ expectations of $800.54 million. During the same quarter in the previous year, the firm earned $2.06 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 29th. Advanced Drainage Systems’s payout ratio is currently 13.00%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WMS shares. Oppenheimer reiterated an “outperform” rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Royal Bank Of Canada started coverage on Advanced Drainage Systems in a research note on Monday, August 11th. They set an “outperform” rating and a $159.00 price target for the company. KeyCorp upped their price target on Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Wednesday, October 8th. Finally, Barclays upped their price target on Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.56.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.