TD Asset Management Inc Sells 43,176 Shares of Advanced Drainage Systems, Inc. $WMS

Posted by Brian Himes on Jun 6th, 2026

TD Asset Management Inc trimmed its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS – Free Report) by 10.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 365,488 shares of the construction company’s stock after selling 43,176 shares during the quarter. TD Asset Management Inc owned approximately 0.47% of Advanced Drainage Systems worth $52,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. lifted its holdings in Advanced Drainage Systems by 3.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 462,659 shares of the construction company’s stock worth $67,007,000 after buying an additional 15,535 shares during the period. Bridges Investment Management Inc. lifted its holdings in Advanced Drainage Systems by 5.2% in the 4th quarter. Bridges Investment Management Inc. now owns 29,581 shares of the construction company’s stock worth $4,284,000 after buying an additional 1,459 shares during the period. One Capital Management LLC lifted its holdings in Advanced Drainage Systems by 43.3% in the 4th quarter. One Capital Management LLC now owns 21,502 shares of the construction company’s stock worth $3,114,000 after buying an additional 6,494 shares during the period. Norges Bank purchased a new stake in Advanced Drainage Systems in the 4th quarter worth approximately $156,587,000. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Advanced Drainage Systems in the 4th quarter worth approximately $83,000. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Trading Down 1.0%

WMS opened at $129.93 on Friday. The stock has a market cap of $9.96 billion, a PE ratio of 23.88, a PEG ratio of 1.41 and a beta of 1.29. The company has a quick ratio of 1.35, a current ratio of 2.42 and a debt-to-equity ratio of 0.92. The business has a 50 day moving average of $141.90 and a 200-day moving average of $149.46. Advanced Drainage Systems, Inc. has a 52 week low of $109.63 and a 52 week high of $179.32.

Advanced Drainage Systems (NYSE:WMS – Get Free Report) last posted its quarterly earnings data on Thursday, May 21st. The construction company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.12. Advanced Drainage Systems had a return on equity of 26.63% and a net margin of 13.98%.The company had revenue of $676.76 million during the quarter, compared to analyst estimates of $651.92 million. During the same quarter last year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.55 earnings per share for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.20 per share. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio is 14.71%.

Wall Street Analyst Weigh In

WMS has been the subject of several research analyst reports. Stephens upgraded Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $190.00 to $175.00 in a report on Wednesday, May 27th. Barclays dropped their price objective on Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. UBS Group dropped their price objective on Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating for the company in a report on Friday, May 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $168.00 price objective on shares of Advanced Drainage Systems in a report on Friday, May 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.00.

Get Our Latest Report on WMS

Advanced Drainage Systems Company Profile

(Free Report)

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.