Advanced Drainage Systems, Inc. $WMS Shares Bought by Mirova US LLC

Mirova US LLC grew its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 2.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 708,310 shares of the construction company’s stock after purchasing an additional 17,875 shares during the period. Mirova US LLC owned 0.91% of Advanced Drainage Systems worth $81,356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. raised its holdings 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 purchasing an additional 115 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of Advanced Drainage Systems by 97.6% during the first quarter. Teacher Retirement System of Texas now owns 10,769 shares of the construction company’s stock worth $1,170,000 after purchasing an additional 5,319 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Advanced Drainage Systems by 15.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 18,914 shares of the construction company’s stock worth $2,061,000 after purchasing an additional 2,559 shares during the period. GAMMA Investing LLC raised its holdings in shares of Advanced Drainage Systems by 167.1% during the first quarter. GAMMA Investing LLC now owns 812 shares of the construction company’s stock worth $88,000 after purchasing an additional 508 shares during the period. Finally, Fiduciary Alliance LLC acquired a new stake in shares of Advanced Drainage Systems during the second quarter worth $203,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Performance

Shares of WMS opened at $138.46 on Wednesday. The firm has a 50-day moving average price of $138.43 and a 200 day moving average price of $121.66. The firm has a market capitalization of $10.77 billion, a PE ratio of 24.99, a P/E/G ratio of 1.90 and a beta of 1.32. 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, Inc. has a 52-week low of $93.92 and a 52-week high of $166.03.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.17. The firm had revenue of $829.88 million during the quarter, compared to analyst estimates of $800.54 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. Advanced Drainage Systems’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.06 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Friday, August 29th. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 13.00%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays increased their target price on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. KeyCorp upped their price target on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Saturday, September 27th. Finally, Royal Bank Of Canada started 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 for the company. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $152.56.

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.