Geode Capital Management LLC Has $140.34 Million Stock Position in Advanced Drainage Systems, Inc. $WMS

Geode Capital Management LLC lowered its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,221,641 shares of the construction company’s stock after selling 22,375 shares during the period. Geode Capital Management LLC’s holdings in Advanced Drainage Systems were worth $140,341,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in shares of 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 acquiring an additional 275 shares during the period. Banque Cantonale Vaudoise bought a new position in Advanced Drainage Systems during the 1st quarter worth about $66,000. Signaturefd LLC raised its stake in shares of Advanced Drainage Systems by 110.7% in the 1st quarter. Signaturefd LLC now owns 670 shares of the construction company’s stock valued at $73,000 after purchasing an additional 352 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Advanced Drainage Systems by 341.6% in the second quarter. Creative Financial Designs Inc. ADV now owns 658 shares of the construction company’s stock valued at $76,000 after purchasing an additional 509 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Advanced Drainage Systems by 169.8% in the first 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. Institutional investors own 89.83% of the company’s stock.

Insider Buying and Selling

In other Advanced Drainage Systems news, insider D. Scott Barbour sold 80,030 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $148.95, for a total transaction of $11,920,468.50. Following the transaction, the insider owned 42,867 shares of the company’s stock, valued at $6,385,039.65. The trade was a 65.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tim A. Makowski sold 4,901 shares of the firm’s stock in a transaction that occurred on 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 directly owned 2,467 shares of the company’s stock, valued at approximately $368,101.07. The trade was a 66.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 87,203 shares of company stock worth $12,990,384. Company insiders own 1.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada lifted their target price on Advanced Drainage Systems from $158.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Robert W. Baird set a $166.00 price objective on shares of Advanced Drainage Systems in a report on Friday, August 8th. UBS Group reissued a “buy” rating and issued a $167.00 price objective (up previously from $146.00) 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 report on Friday, August 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.56.

Advanced Drainage Systems Trading Up 1.0%

NYSE WMS opened at $142.25 on Wednesday. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $153.25. 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 has a 50 day moving average of $141.62 and a 200-day moving average of $129.15. The company has a market cap of $11.06 billion, a PE ratio of 25.68, a PEG ratio of 1.88 and a beta of 1.33.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings results 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. The firm had revenue of $850.38 million for the quarter, compared to analyst estimates of $802.49 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.70 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

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

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.