Charles Schwab Investment Management Inc. Has $76.50 Million Holdings in Advanced Drainage Systems, Inc. $WMS

Charles Schwab Investment Management Inc. boosted its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 665,991 shares of the construction company’s stock after purchasing an additional 8,610 shares during the period. Charles Schwab Investment Management Inc. owned about 0.86% of Advanced Drainage Systems worth $76,496,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMS. Louisiana State Employees Retirement System increased its stake in shares of Advanced Drainage Systems by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the construction company’s stock valued at $2,286,000 after buying an additional 100 shares during the period. State of Michigan Retirement System boosted its holdings in Advanced Drainage Systems by 0.6% in the second quarter. State of Michigan Retirement System now owns 17,000 shares of the construction company’s stock valued at $1,953,000 after acquiring an additional 100 shares during the last quarter. US Bancorp DE increased its position in Advanced Drainage Systems by 5.7% during the 1st quarter. US Bancorp DE now owns 2,017 shares of the construction company’s stock valued at $219,000 after purchasing an additional 109 shares during the period. ProShare Advisors LLC boosted its stake in shares of Advanced Drainage Systems by 4.2% in the 2nd quarter. ProShare Advisors LLC now owns 3,132 shares of the construction company’s stock valued at $360,000 after purchasing an additional 125 shares during the last quarter. Finally, Nicolet Advisory Services LLC increased its position in shares of Advanced Drainage Systems by 4.2% during the first quarter. Nicolet Advisory Services LLC now owns 4,191 shares of the construction company’s stock worth $433,000 after buying an additional 167 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider D. Scott Barbour sold 80,030 shares of the company’s 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 completion of the transaction, the insider directly owned 42,867 shares of the company’s stock, valued at $6,385,039.65. This represents a 65.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Tim A. Makowski sold 4,901 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $149.21, for a total value of $731,278.21. Following the sale, the insider directly owned 2,467 shares of the company’s stock, valued at approximately $368,101.07. This represents a 66.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 87,203 shares of company stock valued at $12,990,384. Corporate insiders own 1.63% of the company’s stock.

Advanced Drainage Systems Stock Performance

WMS opened at $152.38 on Friday. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $155.39. The company has a market cap of $11.85 billion, a price-to-earnings ratio of 27.51, a PEG ratio of 1.88 and a beta of 1.33. The company’s fifty day moving average price is $142.54 and its two-hundred day moving average price is $130.87. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82.

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 the consensus estimate of $1.70 by $0.27. The business had revenue of $850.38 million for the quarter, compared to analysts’ expectations of $802.49 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.70 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WMS. KeyCorp lifted their price objective on Advanced Drainage Systems from $159.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Royal Bank Of Canada lifted their target price on Advanced Drainage Systems from $158.00 to $168.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Oppenheimer restated an “outperform” rating 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. Finally, UBS Group reiterated a “buy” rating and set a $167.00 target price (up previously from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.56.

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.