UMB Bank n.a. Has $123,000 Position in Advanced Drainage Systems, Inc. $WMS

UMB Bank n.a. lessened its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 31.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,074 shares of the construction company’s stock after selling 491 shares during the quarter. UMB Bank n.a.’s holdings in Advanced Drainage Systems were worth $123,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WMS. NBC Securities Inc. acquired a new position in shares of Advanced Drainage Systems in the first quarter worth $26,000. Bessemer Group Inc. increased its holdings in Advanced Drainage Systems by 76.2% in the first 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 last quarter. Parallel Advisors LLC lifted its stake in Advanced Drainage Systems by 177.4% in the second quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock valued at $49,000 after acquiring an additional 275 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in Advanced Drainage Systems in the first quarter valued at approximately $66,000. Finally, Mascagni Wealth Management Inc. bought a new stake in Advanced Drainage Systems in the fourth quarter worth approximately $74,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS opened at $138.35 on Thursday. The company has a market cap of $10.76 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 1.92 and a beta of 1.26. The business has a 50 day moving average price of $134.13 and a 200 day moving average price of $119.73. 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, Inc. has a twelve month low of $93.92 and a twelve month high of $166.03.

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 analysts’ consensus estimates of $1.78 by $0.17. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The company had revenue of $829.88 million during the quarter, compared to analyst estimates of $800.54 million. During the same period in the previous year, the company earned $2.06 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, August 29th. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 13.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Robert W. Baird set a $166.00 price target on shares of Advanced Drainage Systems in a report on Friday, August 8th. Barclays raised their target price on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 8th. KeyCorp increased their price objective on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an “overweight” rating in a report on Friday, August 8th. UBS Group reissued a “buy” rating and issued a $167.00 price objective (up from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, Wall Street Zen raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.56.

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.