Intrust Bank NA Decreases Stake in Advanced Drainage Systems, Inc. $WMS

Intrust Bank NA lowered its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 17.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,169 shares of the construction company’s stock after selling 679 shares during the quarter. Intrust Bank NA’s holdings in Advanced Drainage Systems were worth $364,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in WMS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Advanced Drainage Systems by 50.8% in 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 worth $338,360,000 after buying an additional 1,049,697 shares during the period. Amundi grew its holdings in Advanced Drainage Systems by 38.2% in the 1st quarter. Amundi now owns 1,181,199 shares of the construction company’s stock worth $127,223,000 after acquiring an additional 326,435 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Advanced Drainage Systems by 27.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,031,682 shares of the construction company’s stock valued at $112,090,000 after acquiring an additional 224,015 shares during the period. Vanguard Group Inc. raised its stake in shares of Advanced Drainage Systems by 2.8% during the first quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company’s stock valued at $818,905,000 after acquiring an additional 204,826 shares during the last quarter. Finally, PGGM Investments boosted its holdings in shares of Advanced Drainage Systems by 88.8% during the second quarter. PGGM Investments now owns 388,484 shares of the construction company’s stock worth $44,621,000 after purchasing an additional 182,665 shares during the period. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Trading Up 1.0%

NYSE WMS opened at $142.25 on Wednesday. The firm has a market capitalization of $11.06 billion, a PE ratio of 25.68, a P/E/G ratio of 1.88 and a beta of 1.33. The stock’s 50 day moving average is $141.62 and its 200 day moving average is $129.15. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $153.25. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82.

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

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid 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 presently 12.29%.

Insiders Place Their Bets

In other news, insider Tim A. Makowski sold 4,901 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $149.21, for a total value of $731,278.21. Following the sale, the insider directly owned 2,467 shares of the company’s stock, valued at $368,101.07. The trade was a 66.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider D. Scott Barbour sold 80,030 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $148.95, for a total value of $11,920,468.50. Following the transaction, the insider directly owned 42,867 shares of the company’s stock, valued at approximately $6,385,039.65. This trade represents a 65.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 87,203 shares of company stock worth $12,990,384. 1.63% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

WMS has been the topic of a number of research analyst reports. Oppenheimer restated an “outperform” rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Wednesday, October 8th. KeyCorp raised their price target on Advanced Drainage Systems from $159.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Wall Street Zen upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, UBS Group restated a “buy” rating and issued a $167.00 price objective (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and an average 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.