Advanced Drainage Systems, Inc. $WMS Shares Purchased by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. grew its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 115.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,462 shares of the construction company’s stock after acquiring an additional 3,462 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Advanced Drainage Systems were worth $742,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Cetera Trust Company N.A raised its holdings in Advanced Drainage Systems by 9.3% in the second quarter. Cetera Trust Company N.A now owns 2,575 shares of the construction company’s stock valued at $296,000 after acquiring an additional 220 shares in the last quarter. State of Michigan Retirement System grew its holdings in Advanced Drainage Systems by 0.6% during the 2nd quarter. State of Michigan Retirement System now owns 17,000 shares of the construction company’s stock worth $1,953,000 after acquiring an additional 100 shares in the last quarter. Geneva Capital Management LLC increased its position in shares of Advanced Drainage Systems by 16.5% in the 2nd quarter. Geneva Capital Management LLC now owns 257,479 shares of the construction company’s stock worth $29,574,000 after purchasing an additional 36,477 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Advanced Drainage Systems by 341.6% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 658 shares of the construction company’s stock valued at $76,000 after purchasing an additional 509 shares in the last quarter. Finally, Simon Quick Advisors LLC bought a new position in shares of Advanced Drainage Systems during the second quarter worth about $225,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WMS shares. Wall Street Zen raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Wednesday, October 8th. Robert W. Baird set a $166.00 price objective on shares of Advanced Drainage Systems in a report on Friday, August 8th. UBS Group reiterated a “buy” rating and set 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, Barclays raised their price target on shares of Advanced Drainage Systems from $160.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $156.56.

Advanced Drainage Systems Stock Performance

Shares of WMS opened at $147.66 on Wednesday. The firm has a fifty day moving average of $141.53 and a 200-day moving average of $128.05. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth 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, Inc. has a 1 year low of $93.92 and a 1 year high of $153.25.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, November 6th. The construction company reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.27. The business had revenue of $850.38 million for the quarter, compared to analysts’ expectations of $802.49 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Advanced Drainage Systems’s payout ratio 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.