Advanced Drainage Systems, Inc. $WMS Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 5.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,929 shares of the construction company’s stock after purchasing an additional 1,015 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Advanced Drainage Systems were worth $2,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Advanced Drainage Systems by 50.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,114,224 shares of the construction company’s stock valued at $338,360,000 after buying an additional 1,049,697 shares in the last quarter. Impax Asset Management Group plc grew its stake in shares of Advanced Drainage Systems by 14.8% in the 1st quarter. Impax Asset Management Group plc now owns 2,904,414 shares of the construction company’s stock valued at $314,700,000 after buying an additional 374,414 shares during the period. Amundi grew its stake in shares of Advanced Drainage Systems by 38.2% in the 1st quarter. Amundi now owns 1,181,199 shares of the construction company’s stock valued at $127,223,000 after buying an additional 326,435 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Advanced Drainage Systems by 27.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,031,682 shares of the construction company’s stock valued at $112,090,000 after buying an additional 224,015 shares during the period. Finally, Vanguard Group Inc. lifted 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 worth $818,905,000 after acquiring an additional 204,826 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

WMS has been the topic of a number of research reports. Wall Street Zen upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. KeyCorp increased their target price on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Wednesday, October 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Finally, UBS Group reissued a “buy” rating and set a $167.00 price objective (up previously from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and a consensus price target of $152.56.

Advanced Drainage Systems Stock Performance

NYSE:WMS opened at $144.23 on Wednesday. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $166.03. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25. The firm has a 50 day simple moving average of $141.94 and a 200-day simple moving average of $123.84. The firm has a market cap of $11.21 billion, a PE ratio of 26.03, a P/E/G ratio of 1.91 and a beta of 1.32.

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 the consensus estimate of $1.78 by $0.17. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The firm had revenue of $829.88 million during the quarter, compared to analyst estimates of $800.54 million. During the same quarter in the prior year, the business posted $2.06 earnings per share. Advanced Drainage Systems’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. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.18 per share. 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 payout ratio is currently 13.00%.

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.