Advanced Drainage Systems, Inc. $WMS Position Boosted by Mirova US LLC

Mirova US LLC grew its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 2.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 708,310 shares of the construction company’s stock after purchasing an additional 17,875 shares during the period. Mirova US LLC’s holdings in Advanced Drainage Systems were worth $81,356,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Advanced Drainage Systems by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company’s stock valued at $818,905,000 after purchasing an additional 204,826 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Advanced Drainage Systems by 50.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,114,224 shares of the construction company’s stock valued at $338,360,000 after buying an additional 1,049,697 shares in the last quarter. Impax Asset Management Group plc lifted its stake in Advanced Drainage Systems by 14.8% during the first quarter. Impax Asset Management Group plc now owns 2,904,414 shares of the construction company’s stock valued at $314,700,000 after buying an additional 374,414 shares in the last quarter. Invesco Ltd. lifted its stake in Advanced Drainage Systems by 2.7% during the first quarter. Invesco Ltd. now owns 1,734,537 shares of the construction company’s stock valued at $188,457,000 after buying an additional 45,993 shares in the last quarter. Finally, Amundi lifted its stake in Advanced Drainage Systems by 38.2% during the first quarter. Amundi now owns 1,181,199 shares of the construction company’s stock valued at $127,223,000 after buying an additional 326,435 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

WMS has been the subject of a number of analyst reports. Robert W. Baird set a $166.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, August 8th. UBS Group reaffirmed a “buy” rating and set a $167.00 price objective (up from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Wall Street Zen raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Oppenheimer reaffirmed an “outperform” rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, Royal Bank Of Canada started coverage on shares of Advanced Drainage Systems in a research report on Monday, August 11th. They issued an “outperform” rating and a $159.00 price target for the company. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $152.56.

Advanced Drainage Systems Price Performance

NYSE WMS opened at $138.46 on Wednesday. The company has a 50 day simple moving average of $138.43 and a 200-day simple moving average of $121.66. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25. The firm has a market capitalization of $10.77 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 1.90 and a beta of 1.32. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week high of $166.03.

Advanced Drainage Systems (NYSE:WMS) last released 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 firm had revenue of $829.88 million for the quarter, compared to the consensus estimate of $800.54 million. During the same quarter in the prior year, the company posted $2.06 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

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

Advanced Drainage Systems 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.