Advanced Drainage Systems, Inc. $WMS Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,700 shares of the construction company’s stock after selling 2,100 shares during the period. Swiss National Bank owned approximately 0.18% of Advanced Drainage Systems worth $16,161,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Parallel Advisors LLC raised its holdings in Advanced Drainage Systems by 177.4% in the second quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock valued at $49,000 after buying an additional 275 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Advanced Drainage Systems in the first quarter worth $66,000. Creative Financial Designs Inc. ADV increased its position 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 acquiring an additional 509 shares in the last quarter. Covestor Ltd raised its stake in shares of Advanced Drainage Systems by 169.8% in the 1st quarter. Covestor Ltd now owns 955 shares of the construction company’s stock valued at $104,000 after acquiring an additional 601 shares during the period. Finally, Twin Tree Management LP lifted its holdings in shares of Advanced Drainage Systems by 644.1% during the 1st quarter. Twin Tree Management LP now owns 1,079 shares of the construction company’s stock valued at $117,000 after acquiring an additional 934 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

Shares of WMS stock opened at $153.78 on Thursday. The firm has a fifty day moving average of $142.17 and a two-hundred day moving average of $130.45. The firm has a market cap of $11.96 billion, a P/E ratio of 27.76, a P/E/G ratio of 1.88 and a beta of 1.33. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $155.39. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, November 6th. The construction company reported $1.97 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.70 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, 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 issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Advanced Drainage Systems’s payout ratio is currently 12.29%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WMS. Robert W. Baird set a $166.00 price target on Advanced Drainage Systems in a report on Friday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Wednesday, October 8th. Wall Street Zen raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Barclays upped their price target on Advanced Drainage Systems from $160.00 to $176.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Royal Bank Of Canada lifted their price objective on shares of Advanced Drainage Systems from $158.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.56.

Insider Buying and Selling at Advanced Drainage Systems

In other Advanced Drainage Systems news, insider D. Scott Barbour sold 80,030 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $148.95, for a total transaction of $11,920,468.50. Following the sale, the insider directly owned 42,867 shares of the company’s stock, valued at approximately $6,385,039.65. This represents a 65.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tim A. Makowski sold 4,901 shares of Advanced Drainage Systems stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $149.21, for a total transaction of $731,278.21. Following the completion of the transaction, the insider directly owned 2,467 shares of the company’s stock, valued at $368,101.07. This trade represents a 66.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 87,203 shares of company stock worth $12,990,384 over the last 90 days. Insiders own 1.63% of the company’s stock.

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.