Hsbc Holdings PLC Cuts Stock Position in Advanced Drainage Systems, Inc. $WMS

Posted by Stanley Muller on Jun 29th, 2026

Hsbc Holdings PLC cut its position in Advanced Drainage Systems, Inc. (NYSE:WMS – Free Report) by 58.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,956 shares of the construction company’s stock after selling 32,590 shares during the quarter. Hsbc Holdings PLC’s holdings in Advanced Drainage Systems were worth $3,325,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. State Street Corp boosted its position in shares of Advanced Drainage Systems by 3.1% in the 3rd quarter. State Street Corp now owns 2,551,901 shares of the construction company’s stock worth $353,949,000 after purchasing an additional 75,777 shares in the last quarter. First Trust Advisors LP increased its position in Advanced Drainage Systems by 10.9% during the 3rd quarter. First Trust Advisors LP now owns 2,416,942 shares of the construction company’s stock valued at $335,230,000 after buying an additional 238,179 shares in the last quarter. American Century Companies Inc. raised its stake in Advanced Drainage Systems by 6.5% in the third quarter. American Century Companies Inc. now owns 1,472,176 shares of the construction company’s stock valued at $204,191,000 after buying an additional 90,106 shares during the last quarter. Amundi raised its stake in Advanced Drainage Systems by 80.9% in the fourth quarter. Amundi now owns 1,279,576 shares of the construction company’s stock valued at $185,324,000 after buying an additional 572,193 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Advanced Drainage Systems by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 1,271,453 shares of the construction company’s stock worth $184,184,000 after acquiring an additional 15,069 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS opened at $154.77 on Monday. Advanced Drainage Systems, Inc. has a twelve month low of $109.63 and a twelve month high of $179.32. The company has a current ratio of 2.42, a quick ratio of 1.35 and a debt-to-equity ratio of 0.92. The company has a market cap of $11.86 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29. The company’s 50 day moving average is $141.73 and its 200 day moving average is $148.68.

Advanced Drainage Systems (NYSE:WMS – Get Free Report) last announced its quarterly earnings data on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.95 by $0.12. The business had revenue of $676.76 million during the quarter, compared to analysts’ expectations of $651.92 million. Advanced Drainage Systems had a net margin of 13.98% and a return on equity of 26.63%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. On average, sell-side analysts forecast that Advanced Drainage Systems, Inc. will post 6.55 EPS for the current year.

Advanced Drainage Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.5%. This is a boost from Advanced Drainage Systems’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Monday, June 1st. Advanced Drainage Systems’s dividend payout ratio is 14.71%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WMS shares. Zacks Research downgraded shares of Advanced Drainage Systems from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 17th. Oppenheimer decreased their price objective on shares of Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, May 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Monday, April 20th. UBS Group dropped their target price on shares of Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, May 22nd. Finally, Royal Bank Of Canada upped their price target on shares of Advanced Drainage Systems from $168.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday, June 8th. Seven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $185.75.

Check Out Our Latest Research Report on Advanced Drainage Systems

About Advanced Drainage Systems

(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.