Advanced Drainage Systems, Inc. $WMS Shares Sold by Raiffeisen Bank International AG

Raiffeisen Bank International AG lessened its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 14.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 6,500 shares of the construction company’s stock after selling 1,130 shares during the quarter. Raiffeisen Bank International AG’s holdings in Advanced Drainage Systems were worth $755,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in WMS. Fiduciary Alliance LLC acquired a new position in Advanced Drainage Systems in the second quarter worth $203,000. Truist Financial Corp acquired a new stake in shares of Advanced Drainage Systems during the second quarter worth $211,000. Trexquant Investment LP bought a new position in shares of Advanced Drainage Systems in the 1st quarter worth about $1,591,000. United Services Automobile Association acquired a new position in shares of Advanced Drainage Systems in the 1st quarter valued at about $493,000. Finally, Vest Financial LLC boosted its holdings in shares of Advanced Drainage Systems by 44.0% in the 2nd quarter. Vest Financial LLC now owns 34,031 shares of the construction company’s stock valued at $3,909,000 after buying an additional 10,399 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Insider Activity at Advanced Drainage Systems

In related news, insider Tim A. Makowski sold 4,901 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $149.21, for a total value of $731,278.21. Following the completion of the sale, the insider owned 2,467 shares of the company’s stock, valued at $368,101.07. This represents a 66.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Thomas J. Sr. Waun sold 1,000 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $150.00, for a total transaction of $150,000.00. Following the completion of the transaction, the executive vice president owned 14,970 shares of the company’s stock, valued at $2,245,500. This represents a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 87,203 shares of company stock worth $12,990,384 over the last ninety days. 1.63% of the stock is currently owned by corporate insiders.

Advanced Drainage Systems Stock Performance

WMS opened at $142.25 on Wednesday. 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 business’s 50 day moving average is $141.62 and its 200-day moving average is $129.15. The stock has a market cap of $11.06 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $153.25.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.27. The business had revenue of $850.38 million during the quarter, compared to analyst estimates of $802.49 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.70 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

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

Wall Street Analyst Weigh In

WMS has been the topic of several research reports. Oppenheimer reiterated an “outperform” rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Robert W. Baird set a $166.00 target price on Advanced Drainage Systems in a report on Friday, August 8th. UBS Group reiterated a “buy” rating and set a $167.00 price target (up from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Barclays boosted their price objective on Advanced Drainage Systems from $160.00 to $176.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Finally, Royal Bank Of Canada upped their price objective on Advanced Drainage Systems from $158.00 to $168.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Eight 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 company has an average rating of “Moderate Buy” and a consensus price target of $156.56.

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.