Advanced Drainage Systems, Inc. $WMS Holdings Lowered by Swedbank AB

Swedbank AB reduced its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 48.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 455,699 shares of the construction company’s stock after selling 428,090 shares during the period. Swedbank AB’s holdings in Advanced Drainage Systems were worth $52,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Bessemer Group Inc. lifted its position in Advanced Drainage Systems by 76.2% in 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. Teacher Retirement System of Texas lifted its holdings in shares of Advanced Drainage Systems by 97.6% in the first quarter. Teacher Retirement System of Texas now owns 10,769 shares of the construction company’s stock valued at $1,170,000 after buying an additional 5,319 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Advanced Drainage Systems by 15.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 18,914 shares of the construction company’s stock valued at $2,061,000 after buying an additional 2,559 shares during the period. GAMMA Investing LLC boosted its stake in Advanced Drainage Systems by 167.1% during the first quarter. GAMMA Investing LLC now owns 812 shares of the construction company’s stock valued at $88,000 after buying an additional 508 shares in the last quarter. Finally, Vident Advisory LLC boosted its stake in Advanced Drainage Systems by 23.0% during the fourth quarter. Vident Advisory LLC now owns 1,907 shares of the construction company’s stock valued at $220,000 after buying an additional 356 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WMS. Robert W. Baird set a $166.00 price target on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Barclays boosted their price objective on Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. KeyCorp increased their target price on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Oppenheimer restated an “outperform” rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Finally, UBS Group restated a “buy” rating and issued a $167.00 target price (up previously from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $152.56.

Advanced Drainage Systems Stock Up 2.9%

Advanced Drainage Systems stock opened at $144.65 on Friday. The firm has a market cap of $11.25 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 1.87 and a beta of 1.26. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week high of $166.03. The firm has a fifty day moving average price of $131.96 and a two-hundred day moving average price of $118.88.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $800.54 million. During the same period in the previous year, the company posted $2.06 earnings per share. The firm’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. As a group, analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

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

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.