Geode Capital Management LLC Sells 22,375 Shares of Advanced Drainage Systems, Inc. $WMS

Geode Capital Management LLC decreased its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,221,641 shares of the construction company’s stock after selling 22,375 shares during the period. Geode Capital Management LLC owned 1.57% of Advanced Drainage Systems worth $140,341,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMS. Louisiana State Employees Retirement System lifted its position in shares of Advanced Drainage Systems by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the construction company’s stock worth $2,286,000 after purchasing an additional 100 shares in the last quarter. State of Michigan Retirement System increased its holdings in shares of Advanced Drainage Systems by 0.6% in the second quarter. State of Michigan Retirement System now owns 17,000 shares of the construction company’s stock valued at $1,953,000 after purchasing an additional 100 shares in the last quarter. US Bancorp DE raised its position in Advanced Drainage Systems by 5.7% in the 1st quarter. US Bancorp DE now owns 2,017 shares of the construction company’s stock worth $219,000 after purchasing an additional 109 shares during the last quarter. Phoenix Financial Ltd. raised its position in Advanced Drainage Systems by 5.2% in the 1st quarter. Phoenix Financial Ltd. now owns 2,463 shares of the construction company’s stock worth $269,000 after purchasing an additional 121 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Advanced Drainage Systems by 4.2% during the 2nd quarter. ProShare Advisors LLC now owns 3,132 shares of the construction company’s stock worth $360,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insiders Place Their Bets

In related news, insider D. Scott Barbour sold 80,030 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $148.95, for a total transaction of $11,920,468.50. Following the sale, the insider owned 42,867 shares of the company’s stock, valued at approximately $6,385,039.65. This trade represents a 65.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas J. Sr. Waun sold 1,000 shares of Advanced Drainage Systems stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $150.00, for a total value of $150,000.00. Following the transaction, the executive vice president owned 14,970 shares in the company, valued at approximately $2,245,500. This represents a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 87,203 shares of company stock worth $12,990,384. Company insiders own 1.63% of the company’s stock.

Analyst Ratings Changes

WMS has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Wednesday, October 8th. Oppenheimer reiterated an “outperform” rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Barclays boosted their price objective on Advanced Drainage Systems from $160.00 to $176.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. UBS Group reaffirmed 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 lifted their price target on shares of Advanced Drainage Systems from $158.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and a consensus target price of $156.56.

Advanced Drainage Systems Trading Up 1.0%

NYSE:WMS opened at $142.25 on Wednesday. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $153.25. The firm has a market capitalization of $11.06 billion, a price-to-earnings ratio of 25.68, a PEG ratio of 1.88 and a beta of 1.33. The business’s 50-day moving average price is $141.62 and its two-hundred day moving average price is $129.15.

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

Advanced Drainage Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.18 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.72 annualized dividend and a yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 12.29%.

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.