Fifth Third Bancorp Sells 2,049 Shares of Advanced Drainage Systems, Inc. $WMS

Fifth Third Bancorp trimmed its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 4.1% during the second quarter, Holdings Channel.com reports. The firm owned 47,818 shares of the construction company’s stock after selling 2,049 shares during the period. Fifth Third Bancorp’s holdings in Advanced Drainage Systems were worth $5,492,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of WMS. NBC Securities Inc. bought a new stake in Advanced Drainage Systems during the 1st quarter valued at $26,000. Bessemer Group Inc. increased its position in shares of Advanced Drainage Systems by 76.2% during the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company’s stock worth $29,000 after acquiring an additional 115 shares in the last quarter. Parallel Advisors LLC raised its holdings 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 worth $49,000 after acquiring an additional 275 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Advanced Drainage Systems in the 1st quarter valued at about $66,000. Finally, Signaturefd LLC lifted its position in Advanced Drainage Systems by 110.7% in the 1st 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. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Down 1.7%

Shares of NYSE:WMS opened at $135.86 on Friday. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $166.03. The company has a market capitalization of $10.56 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.26. The business has a fifty day moving average price of $134.59 and a two-hundred day moving average price of $119.88. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.17. The company had revenue of $829.88 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the firm earned $2.06 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were 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 was Friday, August 29th. Advanced Drainage Systems’s dividend payout ratio is currently 13.00%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WMS shares. Wall Street Zen raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Oppenheimer reissued an “outperform” rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Robert W. Baird set a $166.00 price objective on Advanced Drainage Systems in a research note on Friday, August 8th. UBS Group reiterated a “buy” rating and issued a $167.00 target price (up previously from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, Royal Bank Of Canada began coverage on shares of Advanced Drainage Systems in a research report on Monday, August 11th. They set an “outperform” rating and a $159.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.