Advanced Drainage Systems, Inc. $WMS Position Reduced by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC decreased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 36.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,949 shares of the construction company’s stock after selling 2,832 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Advanced Drainage Systems were worth $568,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC raised its holdings in Advanced Drainage Systems by 134.8% during the second quarter. Valeo Financial Advisors LLC now owns 5,275 shares of the construction company’s stock worth $606,000 after purchasing an additional 3,028 shares in the last quarter. PGGM Investments increased its holdings in shares of Advanced Drainage Systems by 88.8% in the second quarter. PGGM Investments now owns 388,484 shares of the construction company’s stock valued at $44,621,000 after buying an additional 182,665 shares in the last quarter. Truist Financial Corp bought a new position in shares of Advanced Drainage Systems in the second quarter valued at $211,000. Janney Montgomery Scott LLC increased its holdings in shares of Advanced Drainage Systems by 0.6% in the second quarter. Janney Montgomery Scott LLC now owns 172,315 shares of the construction company’s stock valued at $19,792,000 after buying an additional 1,093 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Advanced Drainage Systems by 92.6% in the second quarter. State of Alaska Department of Revenue now owns 15,920 shares of the construction company’s stock valued at $1,827,000 after buying an additional 7,655 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS opened at $133.86 on Friday. The company’s fifty day moving average is $139.77 and its two-hundred day moving average is $122.13. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $166.03. The company has a market cap of $10.41 billion, a P/E ratio of 24.16, a price-to-earnings-growth ratio of 1.85 and a beta of 1.32.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.17. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The company had revenue of $829.88 million for the quarter, compared to the consensus estimate of $800.54 million. During the same period in the previous year, the business earned $2.06 EPS. The company’s revenue was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Equities analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Advanced Drainage Systems’s payout ratio is currently 13.00%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WMS. UBS Group reaffirmed a “buy” rating and issued a $167.00 price target (up previously from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. KeyCorp upped their price target on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Wall Street Zen raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Oppenheimer reaffirmed an “outperform” rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Finally, Barclays upped their price target on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $152.56.

Advanced Drainage Systems Company 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.