Phoenix Financial Ltd. Has $264,000 Position in Advanced Drainage Systems, Inc. $WMS

Phoenix Financial Ltd. reduced its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 6.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,297 shares of the construction company’s stock after selling 166 shares during the quarter. Phoenix Financial Ltd.’s holdings in Advanced Drainage Systems were worth $264,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of WMS. Bessemer Group Inc. grew its position in shares of Advanced Drainage Systems by 76.2% during the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company’s stock worth $29,000 after buying an additional 115 shares during the period. Parallel Advisors LLC grew its position in shares of Advanced Drainage Systems by 177.4% in the 2nd quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock valued at $49,000 after purchasing an additional 275 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Advanced Drainage Systems in the 1st quarter valued at approximately $66,000. Signaturefd LLC grew its position 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. Finally, GAMMA Investing LLC grew its position in shares of Advanced Drainage Systems by 167.1% in the 1st quarter. GAMMA Investing LLC now owns 812 shares of the construction company’s stock valued at $88,000 after purchasing an additional 508 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WMS. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Wednesday, October 8th. Wall Street Zen upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Royal Bank Of Canada began coverage on Advanced Drainage Systems in a research report on Monday, August 11th. They issued an “outperform” rating and a $159.00 price objective for the company. Oppenheimer reiterated an “outperform” rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Finally, Barclays upped their price target on Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $152.56.

Advanced Drainage Systems Trading Down 3.2%

Shares of NYSE:WMS opened at $139.49 on Thursday. The company’s 50-day moving average price is $141.87 and its two-hundred day moving average price is $123.95. 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 one year low of $93.92 and a one year high of $166.03. The stock has a market capitalization of $10.85 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, August 7th. The construction company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.78 by $0.17. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The firm had revenue of $829.88 million for the quarter, compared to analysts’ expectations of $800.54 million. During the same period in the previous year, the firm posted $2.06 EPS. The company’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. On average, equities analysts forecast 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 was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio (DPR) 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.