VIRGINIA RETIREMENT SYSTEMS ET Al Invests $3.30 Million in Advanced Drainage Systems, Inc. $WMS

Posted by Francis Steltz on Sep 10th, 2026

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,004 shares of the construction company’s stock, valued at approximately $3,297,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Allworth Financial LP acquired a new stake in shares of Advanced Drainage Systems in the second quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Advanced Drainage Systems by 352.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock worth $26,000 after acquiring an additional 176 shares during the period. SJS Investment Consulting Inc. boosted its holdings in Advanced Drainage Systems by 78.1% in the first quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock valued at $33,000 after acquiring an additional 107 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Advanced Drainage Systems in the third quarter valued at approximately $36,000. Finally, Kestra Advisory Services LLC acquired a new stake in Advanced Drainage Systems during the 4th quarter valued at approximately $37,000. Institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

Shares of WMS stock opened at $132.23 on Thursday. The firm has a 50 day moving average of $143.37 and a 200-day moving average of $144.19. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 1.46 and a beta of 1.28. The company has a quick ratio of 1.18, a current ratio of 2.12 and a debt-to-equity ratio of 0.95. Advanced Drainage Systems, Inc. has a 52 week low of $128.03 and a 52 week high of $179.32.

Advanced Drainage Systems (NYSE:WMS – Get Free Report) last released its earnings results on Thursday, August 6th. The construction company reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.39. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.39 million. Advanced Drainage Systems had a net margin of 14.00% and a return on equity of 28.28%. Advanced Drainage Systems’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.95 EPS. On average, equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.62 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 0.6%. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 13.82%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on WMS shares. Jefferies Financial Group started coverage on shares of Advanced Drainage Systems in a research report on Thursday, June 11th. They issued a “buy” rating and a $175.00 price target on the stock. Stephens upgraded shares of Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $190.00 to $175.00 in a research report on Wednesday, May 27th. Royal Bank Of Canada lifted their target price on shares of Advanced Drainage Systems from $170.00 to $178.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Robert W. Baird set a $206.00 price target on shares of Advanced Drainage Systems in a research report on Friday, August 7th. Finally, Zacks Research upgraded Advanced Drainage Systems from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and a consensus price target of $188.70.

Read Our Latest Analysis on WMS

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.