Intrust Bank NA Trims Stock Holdings in Advanced Drainage Systems, Inc. $WMS

Intrust Bank NA lowered its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 17.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,169 shares of the construction company’s stock after selling 679 shares during the period. Intrust Bank NA’s holdings in Advanced Drainage Systems were worth $364,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in WMS. Parallel Advisors LLC raised its stake in shares of Advanced Drainage Systems by 177.4% during the 2nd quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock valued at $49,000 after purchasing an additional 275 shares during the period. Banque Cantonale Vaudoise purchased a new position in Advanced Drainage Systems during the 1st quarter valued at about $66,000. Signaturefd LLC increased its position in shares of 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 buying an additional 352 shares during the period. Creative Financial Designs Inc. ADV lifted its holdings in shares of Advanced Drainage Systems by 341.6% in the second quarter. Creative Financial Designs Inc. ADV now owns 658 shares of the construction company’s stock worth $76,000 after buying an additional 509 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Advanced Drainage Systems by 169.8% in the first quarter. Covestor Ltd now owns 955 shares of the construction company’s stock worth $104,000 after buying an additional 601 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Stock Performance

NYSE WMS opened at $142.25 on Wednesday. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week high of $153.25. The company has a fifty day moving average of $141.62 and a 200-day moving average of $129.15. The company has a market capitalization of $11.06 billion, a P/E ratio of 25.68, a P/E/G ratio of 1.88 and a beta of 1.33. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22.

Advanced Drainage Systems (NYSE:WMS) last released its 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. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The business had revenue of $850.38 million for the quarter, compared to analysts’ expectations of $802.49 million. During the same quarter in the prior year, the firm earned $1.70 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

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

Insiders Place Their Bets

In other Advanced Drainage Systems news, EVP Thomas J. Sr. Waun sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $150.00, for a total transaction of $150,000.00. Following the transaction, the executive vice president directly owned 14,970 shares in the company, valued at $2,245,500. This trade represents a 6.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider D. Scott Barbour sold 80,030 shares of Advanced Drainage Systems stock in a transaction that occurred 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 transaction, the insider directly owned 42,867 shares in the company, valued at $6,385,039.65. This trade represents a 65.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 87,203 shares of company stock valued at $12,990,384 over the last quarter. 1.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

WMS has been the subject of several recent analyst reports. Wall Street Zen raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Robert W. Baird set a $166.00 price target on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Royal Bank Of Canada increased their price objective on Advanced Drainage Systems from $158.00 to $168.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Oppenheimer reissued an “outperform” rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, KeyCorp upped their target price on Advanced Drainage Systems from $159.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.56.

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.