BLI Banque de Luxembourg Investments Acquires 3,800 Shares of Advanced Drainage Systems, Inc. $WMS

BLI Banque de Luxembourg Investments grew its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 11.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 35,800 shares of the construction company’s stock after acquiring an additional 3,800 shares during the period. BLI Banque de Luxembourg Investments’ holdings in Advanced Drainage Systems were worth $4,151,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its holdings in Advanced Drainage Systems by 352.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock valued at $26,000 after purchasing an additional 176 shares during the period. Parallel Advisors LLC grew its position in shares of Advanced Drainage Systems by 177.4% in the 2nd quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock valued at $49,000 after buying an additional 275 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Advanced Drainage Systems in the first quarter valued at about $66,000. Creative Financial Designs Inc. ADV increased its stake in shares of Advanced Drainage Systems by 341.6% in the second quarter. Creative Financial Designs Inc. ADV now owns 658 shares of the construction company’s stock valued at $76,000 after buying an additional 509 shares during the period. Finally, Covestor Ltd raised its position in shares of Advanced Drainage Systems by 169.8% during the first quarter. Covestor Ltd now owns 955 shares of the construction company’s stock worth $104,000 after acquiring an additional 601 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

WMS stock opened at $152.38 on Monday. 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’s 50-day moving average is $142.54 and its 200-day moving average is $130.93. The stock has a market capitalization of $11.85 billion, a PE ratio of 27.51, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $155.39.

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

Advanced Drainage Systems Dividend Announcement

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 issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, December 1st. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 12.29%.

Insider Activity at Advanced Drainage Systems

In other Advanced Drainage Systems news, 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 transaction, the insider directly owned 2,467 shares of the company’s stock, valued at approximately $368,101.07. This trade represents a 66.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas J. Sr. Waun sold 1,000 shares of Advanced Drainage Systems stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $150.00, for a total transaction of $150,000.00. Following the transaction, the executive vice president owned 14,970 shares of the company’s stock, valued at $2,245,500. This represents a 6.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 87,203 shares of company stock valued at $12,990,384. 1.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on WMS shares. UBS Group reiterated a “buy” rating and issued a $167.00 target price (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Robert W. Baird set a $166.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Barclays lifted 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 note on Friday, November 7th. Royal Bank Of Canada upped their price target on shares of 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 upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.