KBC Group NV Increases Holdings in Advanced Drainage Systems, Inc. $WMS

KBC Group NV boosted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 880,373 shares of the construction company’s stock after purchasing an additional 6,154 shares during the quarter. KBC Group NV owned about 1.13% of Advanced Drainage Systems worth $101,120,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in Advanced Drainage Systems by 177.4% during the 2nd quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock valued at $49,000 after buying an additional 275 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Advanced Drainage Systems during the first quarter valued at $66,000. Signaturefd LLC increased its holdings in Advanced Drainage Systems by 110.7% in the 1st quarter. Signaturefd LLC now owns 670 shares of the construction company’s stock valued at $73,000 after acquiring an additional 352 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in 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 worth $76,000 after purchasing an additional 509 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Advanced Drainage Systems by 169.8% during the 1st quarter. Covestor Ltd now owns 955 shares of the construction company’s stock valued at $104,000 after purchasing an additional 601 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Trading Up 0.2%

WMS opened at $147.66 on Wednesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22. The stock’s 50 day moving average price is $141.53 and its 200-day moving average price is $128.05. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year high of $153.25. The stock has a market cap of $11.48 billion, a price-to-earnings ratio of 26.65, a P/E/G ratio of 1.88 and a beta of 1.33.

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

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, December 1st. Advanced Drainage Systems’s dividend payout ratio is currently 12.29%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Robert W. Baird set a $166.00 price target on Advanced Drainage Systems in a report on Friday, August 8th. KeyCorp raised their target price on shares of Advanced Drainage Systems from $159.00 to $170.00 and gave the company an “overweight” rating in a report on Friday. Wall Street Zen raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Royal Bank Of Canada increased 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 report on Friday, November 7th. Finally, UBS Group restated a “buy” rating and issued a $167.00 target price (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.56.

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.