Advanced Drainage Systems, Inc. $WMS Stake Increased by Impax Asset Management Group plc

Impax Asset Management Group plc grew its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 4.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,043,909 shares of the construction company’s stock after acquiring an additional 139,495 shares during the period. Advanced Drainage Systems makes up approximately 2.0% of Impax Asset Management Group plc’s portfolio, making the stock its 9th largest position. Impax Asset Management Group plc’s holdings in Advanced Drainage Systems were worth $348,709,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in WMS. Parallel Advisors LLC boosted its holdings in 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 buying an additional 275 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Advanced Drainage Systems during the 1st quarter valued at approximately $66,000. Signaturefd LLC boosted its stake in shares of Advanced Drainage Systems by 110.7% during the 1st quarter. Signaturefd LLC now owns 670 shares of the construction company’s stock worth $73,000 after acquiring an additional 352 shares in the last quarter. Creative Financial Designs Inc. ADV grew its holdings in shares of Advanced Drainage Systems by 341.6% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 658 shares of the construction company’s stock worth $76,000 after acquiring an additional 509 shares during the period. Finally, Covestor Ltd increased its stake in Advanced Drainage Systems by 169.8% in the 1st quarter. Covestor Ltd now owns 955 shares of the construction company’s stock valued at $104,000 after purchasing an additional 601 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

WMS opened at $150.80 on Thursday. The stock has a market capitalization of $11.73 billion, a PE ratio of 27.22, a P/E/G ratio of 1.88 and a beta of 1.33. The company’s 50 day simple moving average is $141.70 and its 200 day simple moving average is $128.21. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $153.25. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.27. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The company had revenue of $850.38 million during the quarter, compared to the consensus estimate of $802.49 million. During the same period in the previous year, the firm earned $1.70 earnings per share. Advanced Drainage Systems’s revenue for the quarter was up 8.7% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, sell-side analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.72 annualized dividend and a yield of 0.5%. Advanced Drainage Systems’s payout ratio is 12.29%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Royal Bank Of Canada boosted their target price on Advanced Drainage Systems from $158.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. UBS Group reiterated a “buy” rating and issued a $167.00 price objective (up from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. KeyCorp raised their target price on shares of Advanced Drainage Systems from $159.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Robert W. Baird set a $166.00 target price on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Finally, Barclays increased their price target on shares of Advanced Drainage Systems from $160.00 to $176.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.56.

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.