Advanced Drainage Systems, Inc. $WMS Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC trimmed its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 9.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,316 shares of the construction company’s stock after selling 228 shares during the quarter. Ballentine Partners LLC’s holdings in Advanced Drainage Systems were worth $266,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in shares of Advanced Drainage Systems in the first quarter worth $26,000. Bessemer Group Inc. raised its position in shares of Advanced Drainage Systems by 76.2% in the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company’s stock valued at $29,000 after purchasing an additional 115 shares in the last quarter. Parallel Advisors LLC raised its holdings 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 in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Advanced Drainage Systems in the 1st quarter valued at about $66,000. Finally, Signaturefd LLC lifted its holdings in Advanced Drainage Systems by 110.7% during the 1st quarter. Signaturefd LLC now owns 670 shares of the construction company’s stock worth $73,000 after buying an additional 352 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Trading Up 1.2%

Shares of NYSE WMS opened at $137.46 on Monday. The business has a 50 day simple moving average of $135.11 and a 200 day simple moving average of $120.25. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $166.03. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 1.83 and a beta of 1.26. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $800.54 million. During the same quarter in the prior year, the company posted $2.06 EPS. The firm’s revenue was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, August 29th. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. Advanced Drainage Systems’s payout ratio is presently 13.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WMS. Oppenheimer reaffirmed an “outperform” rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Robert W. Baird set a $166.00 price target on Advanced Drainage Systems in a research note on Friday, August 8th. KeyCorp boosted their target price on Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Barclays upped their price target on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Finally, Wall Street Zen upgraded 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 company. 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.