Raiffeisen Bank International AG Lowers Position in Advanced Drainage Systems, Inc. $WMS

Raiffeisen Bank International AG lowered its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 14.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,500 shares of the construction company’s stock after selling 1,130 shares during the period. Raiffeisen Bank International AG’s holdings in Advanced Drainage Systems were worth $755,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in WMS. Envestnet Asset Management Inc. raised its position in shares of Advanced Drainage Systems by 11.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 70,705 shares of the construction company’s stock worth $7,682,000 after buying an additional 7,165 shares during the period. Signaturefd LLC grew its position in Advanced Drainage Systems by 110.7% during the first quarter. Signaturefd LLC now owns 670 shares of the construction company’s stock valued at $73,000 after acquiring an additional 352 shares during the period. Kingsview Wealth Management LLC acquired a new stake in Advanced Drainage Systems during the first quarter worth about $745,000. Allianz Asset Management GmbH raised its holdings in shares of Advanced Drainage Systems by 2.6% in the 1st quarter. Allianz Asset Management GmbH now owns 560,688 shares of the construction company’s stock worth $60,919,000 after purchasing an additional 14,472 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Advanced Drainage Systems in the 1st quarter valued at about $7,675,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on WMS. Royal Bank Of Canada raised their price target on shares of Advanced Drainage Systems from $158.00 to $168.00 and gave the company an “outperform” rating in a report on Friday, November 7th. KeyCorp raised their target price on shares of Advanced Drainage Systems from $159.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Wednesday, October 8th. Oppenheimer reiterated an “outperform” rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Finally, UBS Group reissued a “buy” rating and issued a $167.00 price objective (up from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.56.

Advanced Drainage Systems Price Performance

Shares of WMS stock opened at $142.25 on Wednesday. The firm has a fifty day simple moving average of $141.62 and a 200-day simple moving average of $129.15. The company has a market capitalization of $11.06 billion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $153.25. 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 (NYSE:WMS) last issued its quarterly earnings data on Thursday, November 6th. The construction company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.27. The firm had revenue of $850.38 million for the quarter, compared to analyst estimates of $802.49 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.70 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Equities research 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 will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, December 1st. Advanced Drainage Systems’s dividend payout ratio (DPR) is 12.29%.

Insiders Place Their Bets

In other Advanced Drainage Systems news, insider D. Scott Barbour sold 80,030 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $148.95, for a total value of $11,920,468.50. Following the transaction, the insider directly owned 42,867 shares of the company’s stock, valued at $6,385,039.65. This represents a 65.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tim A. Makowski sold 4,901 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $149.21, for a total value of $731,278.21. Following the transaction, the insider owned 2,467 shares of the company’s stock, valued at approximately $368,101.07. This trade represents a 66.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 87,203 shares of company stock worth $12,990,384 in the last three months. 1.63% of the stock is owned by insiders.

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.