ABN Amro Investment Solutions Buys New Stake in Advanced Drainage Systems, Inc. $WMS

ABN Amro Investment Solutions bought a new position in Advanced Drainage Systems, Inc. (NYSE:WMS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,542 shares of the construction company’s stock, valued at approximately $866,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in WMS. Louisiana State Employees Retirement System lifted its position in shares of Advanced Drainage Systems by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the construction company’s stock worth $2,286,000 after purchasing an additional 100 shares during the last quarter. State of Michigan Retirement System increased its position in Advanced Drainage Systems by 0.6% in the 2nd quarter. State of Michigan Retirement System now owns 17,000 shares of the construction company’s stock worth $1,953,000 after buying an additional 100 shares during the period. US Bancorp DE lifted its holdings in shares of Advanced Drainage Systems by 5.7% during the first quarter. US Bancorp DE now owns 2,017 shares of the construction company’s stock worth $219,000 after buying an additional 109 shares during the last quarter. Phoenix Financial Ltd. boosted its position in shares of Advanced Drainage Systems by 5.2% in the first quarter. Phoenix Financial Ltd. now owns 2,463 shares of the construction company’s stock valued at $269,000 after acquiring an additional 121 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of Advanced Drainage Systems by 4.2% in the second quarter. ProShare Advisors LLC now owns 3,132 shares of the construction company’s stock valued at $360,000 after acquiring an additional 125 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Price Performance

Advanced Drainage Systems stock opened at $143.88 on Friday. The business has a 50 day simple moving average of $141.70 and a 200 day simple moving average of $128.56. 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 company has a market capitalization of $11.19 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year high of $153.25.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.27. The firm had revenue of $850.38 million for the quarter, compared to analysts’ expectations of $802.49 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The business’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.70 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, sell-side analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.18 per share. The ex-dividend date is Monday, December 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 12.29%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WMS. Barclays boosted their target price on shares of Advanced Drainage Systems from $160.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Robert W. Baird set a $166.00 price objective on shares of Advanced Drainage Systems in a report on Friday, August 8th. Wall Street Zen raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Oppenheimer reaffirmed an “outperform” rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.56.

Insider Activity at Advanced Drainage Systems

In other news, EVP Thomas J. Sr. Waun sold 1,272 shares of Advanced Drainage Systems stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $148.30, for a total value of $188,637.60. Following the completion of the transaction, the executive vice president owned 797 shares in the company, valued at approximately $118,195.10. The trade was a 61.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider D. Scott Barbour sold 80,030 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $148.95, for a total value of $11,920,468.50. Following the sale, the insider owned 42,867 shares in the company, valued at approximately $6,385,039.65. This trade represents a 65.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 87,203 shares of company stock valued at $12,990,384 in the last ninety days. Insiders own 1.63% of the company’s stock.

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.