Louisiana State Employees Retirement System Increases Stock Position in Advanced Drainage Systems, Inc. $WMS

Louisiana State Employees Retirement System lifted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 0.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,900 shares of the construction company’s stock after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Advanced Drainage Systems were worth $2,286,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. NBC Securities Inc. purchased a new position in shares of Advanced Drainage Systems during the first quarter worth approximately $26,000. Bessemer Group Inc. lifted its holdings in shares of Advanced Drainage Systems by 76.2% during the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company’s stock worth $29,000 after purchasing an additional 115 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Advanced Drainage Systems by 177.4% during the second quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock worth $49,000 after purchasing an additional 275 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Advanced Drainage Systems during the first quarter worth $66,000. Finally, Signaturefd LLC lifted its holdings in shares of Advanced Drainage Systems by 110.7% during the first quarter. Signaturefd LLC now owns 670 shares of the construction company’s stock worth $73,000 after purchasing an additional 352 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on WMS. Oppenheimer reaffirmed an “outperform” rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday. Barclays increased their price target on Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Wall Street Zen raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Royal Bank Of Canada began coverage on Advanced Drainage Systems in a report on Monday, August 11th. They issued an “outperform” rating and a $159.00 target price for the company. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.56.

Advanced Drainage Systems Trading Down 2.8%

Shares of WMS stock opened at $133.86 on Friday. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week high of $166.03. The stock has a market cap of $10.41 billion, a P/E ratio of 24.16, a P/E/G ratio of 1.85 and a beta of 1.32. The business has a fifty day simple moving average of $139.77 and a 200-day simple moving average of $122.13. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $2.06 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Friday, August 29th. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 13.00%.

About Advanced Drainage Systems

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.