J. Safra Sarasin Holding AG Sells 5,290 Shares of Advanced Drainage Systems, Inc. $WMS

J. Safra Sarasin Holding AG lessened its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 6.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 73,103 shares of the construction company’s stock after selling 5,290 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Advanced Drainage Systems were worth $8,397,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of WMS. Vanguard Group Inc. raised its holdings in Advanced Drainage Systems by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company’s stock valued at $818,905,000 after acquiring an additional 204,826 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Advanced Drainage Systems by 50.8% during the first 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 worth $338,360,000 after acquiring an additional 1,049,697 shares during the period. Impax Asset Management Group plc boosted its holdings in shares of Advanced Drainage Systems by 14.8% during the first quarter. Impax Asset Management Group plc now owns 2,904,414 shares of the construction company’s stock worth $314,700,000 after acquiring an additional 374,414 shares during the period. Invesco Ltd. grew its position in shares of Advanced Drainage Systems by 2.7% in the first quarter. Invesco Ltd. now owns 1,734,537 shares of the construction company’s stock valued at $188,457,000 after purchasing an additional 45,993 shares during the last quarter. Finally, Amundi increased its stake in shares of Advanced Drainage Systems by 38.2% during 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 during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Up 1.3%

WMS stock opened at $142.52 on Friday. The company has a market cap of $11.08 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 1.89 and a beta of 1.32. The business has a 50-day simple moving average of $137.11 and a 200 day simple moving average of $120.94. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $166.03. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.17. The firm 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 business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid 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 was Friday, August 29th. Advanced Drainage Systems’s dividend payout ratio (DPR) is 13.00%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on WMS shares. Wall Street Zen upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Robert W. Baird set a $166.00 target price on shares of Advanced Drainage Systems in a research report on Friday, August 8th. UBS Group restated a “buy” rating and issued a $167.00 price target (up from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Finally, Barclays lifted their price objective on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $152.56.

Advanced Drainage Systems 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.