Raymond James Financial Inc. Raises Position in Advanced Drainage Systems, Inc. $WMS

Raymond James Financial Inc. increased its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 129.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,257 shares of the construction company’s stock after buying an additional 22,737 shares during the period. Raymond James Financial Inc. owned 0.05% of Advanced Drainage Systems worth $4,374,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in WMS. Vanguard Group Inc. raised its holdings in shares of Advanced Drainage Systems by 2.8% in the 1st 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 in the last quarter. Impax Asset Management Group plc raised its stake in Advanced Drainage Systems by 14.8% in 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 purchasing an additional 374,414 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Advanced Drainage Systems by 63.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,064,527 shares of the construction company’s stock valued at $238,659,000 after purchasing an additional 799,569 shares in the last quarter. Invesco Ltd. raised its stake in Advanced Drainage Systems by 2.7% in the first quarter. Invesco Ltd. now owns 1,734,537 shares of the construction company’s stock valued at $188,457,000 after purchasing an additional 45,993 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in 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 purchasing an additional 224,015 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Up 3.1%

WMS opened at $148.59 on Friday. The company has a market cap of $11.55 billion, a P/E ratio of 26.82, a P/E/G ratio of 1.92 and a beta of 1.26. The business’s 50-day moving average price is $127.53 and its 200-day moving average price is $117.08. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month 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 the consensus estimate of $1.78 by $0.17. The firm had revenue of $829.88 million for the quarter, compared to the consensus estimate of $800.54 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, equities analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Advanced Drainage Systems’s payout ratio is presently 13.00%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays raised their price objective on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Robert W. Baird set a $166.00 price target on Advanced Drainage Systems in a research report on Friday, August 8th. Wall Street Zen upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. KeyCorp raised their price target on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Finally, Royal Bank Of Canada assumed coverage on Advanced Drainage Systems in a report on Monday, August 11th. They set an “outperform” rating and a $159.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Advanced Drainage Systems has an average rating of “Moderate Buy” and a consensus target price of $152.56.

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.