Verus Capital Partners LLC Acquires 7,312 Shares of Advanced Drainage Systems, Inc. $WMS

Verus Capital Partners LLC acquired a new position in Advanced Drainage Systems, Inc. (NYSE:WMS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 7,312 shares of the construction company’s stock, valued at approximately $927,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Advanced Drainage Systems in the second quarter worth about $1,172,482,000. Bamco Inc. NY purchased a new stake in shares of Advanced Drainage Systems during the 2nd quarter valued at about $106,800,000. Hill City Capital LP purchased a new stake in shares of Advanced Drainage Systems during the 2nd quarter valued at about $75,341,000. Bank of New York Mellon Corp purchased a new stake in shares of Advanced Drainage Systems during the 2nd quarter valued at about $74,104,000. Finally, Jupiter Topco LLC purchased a new stake in shares of Advanced Drainage Systems during the 2nd quarter valued at about $56,805,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

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 Trading Down 0.2%

Advanced Drainage Systems stock 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’s 50 day moving average price is $130.03 and its 200-day moving average price is $143.09. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.13 and a quick ratio of 1.12. The stock has a market cap of $9.36 billion, a P/E ratio of 23.60, a PEG 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 (EPS) 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 company had revenue of $889.41 million for the quarter, compared to the consensus estimate of $921.79 million. During the same period in the previous year, the firm posted $1.97 EPS. Advanced Drainage Systems’s revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities analysts predict that Advanced Drainage Systems, Inc. will post 6.52 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 Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.80 annualized dividend and a yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 15.21%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada dropped their price objective on shares of Advanced Drainage Systems from $170.00 to $163.00 and set an “outperform” rating on the stock in a report on Friday. Zacks Research raised shares of Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Stephens reaffirmed an “overweight” rating and set a $175.00 target price on shares of Advanced Drainage Systems in a report on Monday, September 21st. Barclays decreased their price target on shares of Advanced Drainage Systems from $191.00 to $183.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, UBS Group lifted their price target on shares of Advanced Drainage Systems from $205.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and an average target price of $184.40.

Advanced Drainage Systems Company 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.