Aberdeen Group plc Sells 196,035 Shares of Advanced Drainage Systems, Inc. $WMS

Aberdeen Group plc decreased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 36.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 339,121 shares of the construction company’s stock after selling 196,035 shares during the quarter. Aberdeen Group plc’s holdings in Advanced Drainage Systems were worth $38,607,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WMS. NBC Securities Inc. bought a new stake in shares of Advanced Drainage Systems during the 1st quarter valued at $26,000. GAMMA Investing LLC raised its position in shares of Advanced Drainage Systems by 167.1% during the 1st quarter. GAMMA Investing LLC now owns 812 shares of the construction company’s stock valued at $88,000 after acquiring an additional 508 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Advanced Drainage Systems during the 1st quarter valued at $2,314,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Advanced Drainage Systems by 24.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,512 shares of the construction company’s stock valued at $816,000 after acquiring an additional 1,458 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Advanced Drainage Systems by 4.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 171,222 shares of the construction company’s stock valued at $18,603,000 after acquiring an additional 7,312 shares during the last quarter. Institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on WMS. Barclays upped their target price on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Robert W. Baird set a $166.00 price objective on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Royal Bank Of Canada assumed coverage on Advanced Drainage Systems in a research note on Monday, August 11th. They set an “outperform” rating and a $159.00 price objective on the stock. Finally, Wall Street Zen raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Advanced Drainage Systems has an average rating of “Moderate Buy” and a consensus target price of $152.56.

Advanced Drainage Systems Stock Performance

Shares of Advanced Drainage Systems stock opened at $133.86 on Monday. The company has a market capitalization of $10.41 billion, a PE ratio of 24.16, a PEG ratio of 1.80 and a beta of 1.32. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $166.03. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. The stock’s fifty day simple moving average is $139.77 and its 200 day simple moving average is $122.28.

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

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued 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 is 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.