Creative Planning Sells 1,481 Shares of Advanced Drainage Systems, Inc. $WMS

Creative Planning decreased its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 8.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,605 shares of the construction company’s stock after selling 1,481 shares during the period. Creative Planning’s holdings in Advanced Drainage Systems were worth $1,907,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Advanced Drainage Systems by 50.8% in the 1st 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 purchasing an additional 1,049,697 shares during the period. Amundi increased its holdings in Advanced Drainage Systems by 38.2% in the first quarter. Amundi now owns 1,181,199 shares of the construction company’s stock worth $127,223,000 after purchasing an additional 326,435 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Advanced Drainage Systems by 27.7% in the first 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. Vanguard Group Inc. boosted its holdings in shares of Advanced Drainage Systems by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company’s stock worth $818,905,000 after buying an additional 204,826 shares in the last quarter. Finally, PGGM Investments grew its position in shares of Advanced Drainage Systems by 88.8% during the 2nd quarter. PGGM Investments now owns 388,484 shares of the construction company’s stock worth $44,621,000 after buying an additional 182,665 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WMS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Wednesday, October 8th. UBS Group reiterated 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. KeyCorp raised their target price on Advanced Drainage Systems from $159.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Royal Bank Of Canada boosted their target price on Advanced Drainage Systems from $158.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, Wall Street Zen raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.56.

Insider Buying and Selling

In related news, insider D. Scott Barbour sold 80,030 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $148.95, for a total transaction of $11,920,468.50. Following the transaction, the insider directly owned 42,867 shares in the company, valued at approximately $6,385,039.65. The trade was a 65.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas J. Sr. Waun sold 1,272 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $148.30, for a total transaction of $188,637.60. Following the completion of the sale, the executive vice president owned 797 shares of the company’s stock, valued at approximately $118,195.10. This trade represents a 61.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 87,203 shares of company stock worth $12,990,384. 1.63% of the stock is owned by insiders.

Advanced Drainage Systems Stock Performance

Shares of Advanced Drainage Systems stock opened at $153.78 on Thursday. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $155.39. 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 business has a 50 day moving average price of $142.17 and a 200-day moving average price of $130.45. The company has a market cap of $11.96 billion, a PE ratio of 27.76, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33.

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

Advanced Drainage Systems Dividend Announcement

The company also recently declared 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 12.29%.

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.