Phoenix Financial Ltd. Sells 166 Shares of Advanced Drainage Systems, Inc. $WMS

Phoenix Financial Ltd. cut its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 6.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,297 shares of the construction company’s stock after selling 166 shares during the quarter. Phoenix Financial Ltd.’s holdings in Advanced Drainage Systems were worth $264,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Advanced Drainage Systems in the 2nd quarter valued at about $402,000. Allianz Asset Management GmbH lifted its position in shares of Advanced Drainage Systems by 4.9% during the second quarter. Allianz Asset Management GmbH now owns 587,944 shares of the construction company’s stock worth $67,531,000 after purchasing an additional 27,256 shares in the last quarter. Bridges Investment Management Inc. lifted its position in shares of Advanced Drainage Systems by 49.9% during the second quarter. Bridges Investment Management Inc. now owns 21,162 shares of the construction company’s stock worth $2,431,000 after purchasing an additional 7,040 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its position in shares of Advanced Drainage Systems by 15.3% during the second quarter. AEGON ASSET MANAGEMENT UK Plc now owns 239,482 shares of the construction company’s stock worth $27,497,000 after purchasing an additional 31,805 shares in the last quarter. Finally, Boston Trust Walden Corp acquired a new position in shares of Advanced Drainage Systems during the second quarter worth approximately $227,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Wednesday, October 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. UBS Group reiterated a “buy” rating and set a $167.00 target price (up from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Oppenheimer reiterated an “outperform” rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Finally, Barclays boosted their price objective on Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.56.

Advanced Drainage Systems Stock Performance

Shares of NYSE:WMS opened at $139.49 on Thursday. The stock has a market capitalization of $10.85 billion, a P/E ratio of 25.18, a P/E/G ratio of 1.93 and a beta of 1.32. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $166.03. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average price of $141.87 and a two-hundred day moving average price of $123.95.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.17. The firm had revenue of $829.88 million during the quarter, compared to analysts’ expectations of $800.54 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.06 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Equities analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

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 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Advanced Drainage Systems’s payout ratio is presently 13.00%.

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.