Advanced Drainage Systems, Inc. $WMS Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 0.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,293 shares of the construction company’s stock after purchasing an additional 372 shares during the period. Retirement Systems of Alabama owned approximately 0.11% of Advanced Drainage Systems worth $9,912,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. ELCO Management Co. LLC grew its holdings in shares of Advanced Drainage Systems by 11.0% in the second quarter. ELCO Management Co. LLC now owns 5,544 shares of the construction company’s stock valued at $637,000 after purchasing an additional 549 shares in the last quarter. Peregrine Capital Management LLC grew its holdings in shares of Advanced Drainage Systems by 1.5% in the second quarter. Peregrine Capital Management LLC now owns 120,456 shares of the construction company’s stock valued at $13,836,000 after purchasing an additional 1,790 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Advanced Drainage Systems by 3.9% in the second quarter. Teacher Retirement System of Texas now owns 11,192 shares of the construction company’s stock valued at $1,286,000 after purchasing an additional 423 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Advanced Drainage Systems in the second quarter valued at approximately $976,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Advanced Drainage Systems by 50.9% in the second quarter. Envestnet Asset Management Inc. now owns 106,705 shares of the construction company’s stock valued at $12,256,000 after purchasing an additional 36,000 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WMS shares. Oppenheimer reiterated an “outperform” rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. UBS Group reiterated a “buy” rating and issued a $167.00 price target (up previously from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Royal Bank Of Canada started coverage on shares of Advanced Drainage Systems in a research note on Monday, August 11th. They issued an “outperform” rating and a $159.00 price target for the company. Robert W. Baird set a $166.00 price target on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, KeyCorp lifted their price target on shares of 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 equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $152.56.

Advanced Drainage Systems Stock Up 0.9%

Shares of NYSE:WMS opened at $140.29 on Monday. The company has a market capitalization of $10.91 billion, a PE ratio of 25.32, a P/E/G ratio of 1.88 and a beta of 1.32. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $166.03. The firm has a 50 day simple moving average of $141.79 and a 200-day simple moving average of $126.25.

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

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given 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%.

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.