Public Employees Retirement System of Ohio Raises Stock Holdings in Advanced Drainage Systems, Inc. $WMS

Public Employees Retirement System of Ohio increased its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 2.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,582 shares of the construction company’s stock after purchasing an additional 446 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Advanced Drainage Systems were worth $2,594,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. increased its position in Advanced Drainage Systems by 76.2% during the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company’s stock valued at $29,000 after buying an additional 115 shares in the last quarter. Teacher Retirement System of Texas increased its position in Advanced Drainage Systems by 97.6% during the 1st quarter. Teacher Retirement System of Texas now owns 10,769 shares of the construction company’s stock valued at $1,170,000 after buying an additional 5,319 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Advanced Drainage Systems by 15.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,914 shares of the construction company’s stock valued at $2,061,000 after buying an additional 2,559 shares in the last quarter. GAMMA Investing LLC increased its position in Advanced Drainage Systems by 167.1% during the 1st quarter. GAMMA Investing LLC now owns 812 shares of the construction company’s stock valued at $88,000 after buying an additional 508 shares in the last quarter. Finally, Fiduciary Alliance LLC acquired a new position in Advanced Drainage Systems during the 2nd quarter valued at about $203,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WMS. Royal Bank Of Canada began coverage on Advanced Drainage Systems in a research report on Monday, August 11th. They set an “outperform” rating and a $159.00 target price on the stock. Barclays upped their target price on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. UBS Group reaffirmed a “buy” rating and set a $167.00 target price (up from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Finally, Wall Street Zen raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and an average price target of $152.56.

Advanced Drainage Systems Stock Up 1.4%

Shares of WMS opened at $140.68 on Thursday. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $166.03. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 1.84 and a beta of 1.32. The stock’s 50-day moving average price is $136.60 and its 200-day moving average price is $120.72.

Advanced Drainage Systems (NYSE:WMS) last issued its 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. 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 revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.18 per share. The ex-dividend date was Friday, August 29th. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio 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.