Advanced Drainage Systems, Inc. $WMS Stock Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 33.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,505,017 shares of the construction company’s stock after purchasing an additional 377,043 shares during the quarter. Pictet Asset Management Holding SA owned about 2.00% of Advanced Drainage Systems worth $190,712,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMS. BlackRock Inc. acquired a new position in Advanced Drainage Systems during the second quarter worth approximately $1,172,482,000. Amundi boosted its holdings in shares of Advanced Drainage Systems by 5.1% in the 2nd quarter. Amundi now owns 1,354,610 shares of the construction company’s stock valued at $212,681,000 after purchasing an additional 65,938 shares during the last quarter. KBC Group NV boosted its holdings in shares of Advanced Drainage Systems by 1.7% in the 1st quarter. KBC Group NV now owns 916,981 shares of the construction company’s stock valued at $125,746,000 after purchasing an additional 14,915 shares during the last quarter. Bamco Inc. NY acquired a new position in shares of Advanced Drainage Systems in the 2nd quarter valued at $106,800,000. Finally, Hill City Capital LP purchased a new stake in shares of Advanced Drainage Systems during the 2nd quarter valued at $75,341,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Down 0.2%

WMS opened at $124.11 on Monday. Advanced Drainage Systems, Inc. has a 1 year low of $119.53 and a 1 year high of $179.32. The firm has a 50 day moving average price of $130.03 and a 200 day moving average price of $143.09. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.12 and a current ratio of 2.13. The company has a market cap of $9.36 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 1.44 and a beta of 1.30.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, November 5th. The construction company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.07. Advanced Drainage Systems had a net margin of 12.44% and a return on equity of 27.88%. The firm had revenue of $889.41 million for the quarter, compared to analysts’ expectations of $921.79 million. During the same period in the previous year, the company posted $1.97 earnings per share. Advanced Drainage Systems’s revenue was up 4.6% compared to the same quarter last year. Sell-side analysts expect that Advanced Drainage Systems, Inc. will post 6.52 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, December 1st. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 15.21%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on WMS. Robert W. Baird set a $206.00 price objective on Advanced Drainage Systems in a report on Friday, August 7th. Royal Bank Of Canada cut their target price on Advanced Drainage Systems from $170.00 to $163.00 and set an “outperform” rating on the stock in a research report on Friday. Stephens reiterated an “overweight” rating and issued a $175.00 target price on shares of Advanced Drainage Systems in a report on Monday, September 21st. Barclays reduced their target price on Advanced Drainage Systems from $191.00 to $183.00 and set an “overweight” rating on the stock in a report on Friday. Finally, DA Davidson lowered their price target on Advanced Drainage Systems from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Friday. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.40.

Key Stories Impacting Advanced Drainage Systems

Here are the key news stories impacting Advanced Drainage Systems this week:

• Positive Sentiment: ADS declared a quarterly dividend of $0.20 per share, payable December 15, with a December 1 ex-dividend date. The annualized payout is $0.80 per share, a 0.6% yield.
• Neutral Sentiment: Royal Bank of Canada, Oppenheimer and Barclays lowered their price targets to $163, $180 and $183, respectively, but maintained “outperform” or “overweight” ratings. The revised targets still imply substantial upside from the cited $124.11 share price. Royal Bank of Canada rating information Oppenheimer rating information Barclays rating information
• Negative Sentiment: Fiscal Q2 2027 revenue of $889.4 million fell short of the roughly $921.8 million estimate. EPS was $1.88—above one consensus estimate of $1.81, but below Zacks’ $1.89 estimate—and down from $1.97 a year earlier. Reports also cited a cut to guidance, contributing to the sharp post-results decline in shares. Second-quarter results announcement Earnings coverage

Advanced Drainage Systems Profile

Advanced Drainage Systems, Inc (NYSE: WMS) manufactures water-management products for infrastructure, construction, agriculture and residential markets. Its offerings include thermoplastic corrugated pipe and related products used to manage stormwater, drainage and wastewater.

The company also provides stormwater storage, treatment and infiltration systems, as well as products for onsite wastewater and septic systems through its Infiltrator Water Technologies business. Its portfolio includes solutions for projects ranging from roadways and commercial developments to residential wastewater applications.

Founded in 1966 and headquartered in Hilliard, Ohio, Advanced Drainage Systems serves customers across North America and in international markets.