VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Advanced Drainage Systems, Inc. $WMS

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,504 shares of the construction company’s stock, valued at approximately $402,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. grew 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 worth $29,000 after purchasing an additional 115 shares during the last quarter. Parallel Advisors LLC grew its position in Advanced Drainage Systems by 177.4% during the 2nd quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock worth $49,000 after purchasing an additional 275 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Advanced Drainage Systems in the first quarter valued at about $66,000. Signaturefd LLC boosted its holdings in shares of Advanced Drainage Systems by 110.7% in the first quarter. Signaturefd LLC now owns 670 shares of the construction company’s stock valued at $73,000 after acquiring an additional 352 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Advanced Drainage Systems by 167.1% in the first quarter. GAMMA Investing LLC now owns 812 shares of the construction company’s stock valued at $88,000 after acquiring an additional 508 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Performance

Shares of WMS opened at $143.80 on Friday. 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 stock has a market cap of $11.18 billion, a P/E ratio of 25.96, a PEG ratio of 1.93 and a beta of 1.32. The company has a 50-day moving average of $142.03 and a two-hundred day moving average of $124.75. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $166.03.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.17. The company had revenue of $829.88 million during the quarter, compared to analysts’ expectations of $800.54 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced 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 payout ratio is presently 13.00%.

Analysts Set New Price Targets

WMS has been the topic of several analyst reports. KeyCorp lifted their target price on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Robert W. Baird set a $166.00 target price on shares of Advanced Drainage Systems in a report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Friday. Barclays lifted their target price 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, UBS Group reiterated a “buy” rating and issued a $167.00 price objective (up previously from $146.00) on shares of Advanced Drainage Systems in a research note 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, the company currently has an average rating of “Moderate Buy” and a consensus 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.