KLP Kapitalforvaltning AS Boosts Position in Advanced Drainage Systems, Inc. $WMS

KLP Kapitalforvaltning AS boosted its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 3.3% in the second quarter, Holdings Channel reports. The fund owned 15,500 shares of the construction company’s stock after purchasing an additional 500 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Advanced Drainage Systems were worth $1,780,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. increased its position in Advanced Drainage Systems by 76.2% during the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company’s stock valued at $29,000 after acquiring an additional 115 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Advanced Drainage Systems by 97.6% during the first quarter. Teacher Retirement System of Texas now owns 10,769 shares of the construction company’s stock valued at $1,170,000 after purchasing an additional 5,319 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Advanced Drainage Systems by 15.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 18,914 shares of the construction company’s stock valued at $2,061,000 after purchasing an additional 2,559 shares during the period. Fiduciary Alliance LLC bought a new stake in Advanced Drainage Systems during the second quarter valued at about $203,000. Finally, GAMMA Investing LLC grew its holdings in Advanced Drainage Systems by 167.1% during the first quarter. GAMMA Investing LLC now owns 812 shares of the construction company’s stock valued at $88,000 after purchasing an additional 508 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

NYSE WMS opened at $133.86 on Monday. The firm has a market cap of $10.41 billion, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.32. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average price of $139.77 and a 200-day moving average price of $122.28. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $166.03.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.17. The firm had revenue of $829.88 million during the quarter, compared to analyst estimates of $800.54 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.06 earnings per share. 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 was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WMS. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, October 8th. UBS Group reissued a “buy” rating and set a $167.00 price target (up previously from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Oppenheimer reissued an “outperform” rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Robert W. Baird set a $166.00 price target on Advanced Drainage Systems in a report on Friday, August 8th. Finally, KeyCorp upped their price objective on Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $152.56.

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.