Assenagon Asset Management S.A. Has $387,000 Holdings in Advanced Drainage Systems, Inc. $WMS

Assenagon Asset Management S.A. grew its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 77.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,371 shares of the construction company’s stock after purchasing an additional 1,474 shares during the period. Assenagon Asset Management S.A.’s holdings in Advanced Drainage Systems were worth $387,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. US Bancorp DE increased its holdings in shares of Advanced Drainage Systems by 5.7% in the 1st quarter. US Bancorp DE now owns 2,017 shares of the construction company’s stock valued at $219,000 after purchasing an additional 109 shares during the period. Bessemer Group Inc. increased its holdings 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 during the period. Phoenix Financial Ltd. increased its holdings in shares of Advanced Drainage Systems by 5.2% in the 1st quarter. Phoenix Financial Ltd. now owns 2,463 shares of the construction company’s stock valued at $269,000 after purchasing an additional 121 shares during the period. Isthmus Partners LLC grew its stake in shares of Advanced Drainage Systems by 5.5% in the 1st quarter. Isthmus Partners LLC now owns 2,875 shares of the construction company’s stock valued at $312,000 after buying an additional 150 shares in the last quarter. Finally, Applied Finance Capital Management LLC grew its stake in shares of Advanced Drainage Systems by 8.7% in the 1st quarter. Applied Finance Capital Management LLC now owns 1,896 shares of the construction company’s stock valued at $206,000 after buying an additional 152 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

Shares of NYSE WMS opened at $137.46 on Monday. The business has a fifty day simple moving average of $135.11 and a 200 day simple moving average of $120.25. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 1.83 and a beta of 1.26. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year 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 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 firm had revenue of $829.88 million during the quarter, compared to analyst estimates of $800.54 million. During the same period in the prior year, the company posted $2.06 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Sell-side analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced 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. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Advanced Drainage Systems’s dividend payout ratio is presently 13.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WMS shares. Oppenheimer reissued an “outperform” rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. UBS Group reissued a “buy” rating and issued a $167.00 price target (up previously from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Royal Bank Of Canada started coverage on Advanced Drainage Systems in a research note on Monday, August 11th. They issued an “outperform” rating and a $159.00 price target for the company. Barclays boosted their price target on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, KeyCorp upped their target price on Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and an average target price 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.