Aberdeen Group plc Has $38.61 Million Stake in Advanced Drainage Systems, Inc. $WMS

Key Points

• Aberdeen Group plc reduced its stake in Advanced Drainage Systems by 36.6%, now holding 339,121 shares valued at approximately $38.61 million.
• Advanced Drainage Systems reported Q2 earnings per share of $1.95, exceeding analysts' expectations, with revenue increasing by 1.8% year-over-year.
• The company declared a quarterly dividend of $0.18 per share, reflecting an annual yield of 0.5% and a payout ratio of 13.00%.

Aberdeen Group plc decreased its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 36.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 339,121 shares of the construction company's stock after selling 196,035 shares during the quarter. Aberdeen Group plc owned approximately 0.44% of Advanced Drainage Systems worth $38,607,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of WMS. NBC Securities Inc. acquired a new stake in Advanced Drainage Systems in the 1st quarter valued at $26,000. Bessemer Group Inc. boosted its stake in Advanced Drainage Systems by 76.2% in the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock valued at $29,000 after buying an additional 115 shares in the last quarter. Parallel Advisors LLC boosted its stake in Advanced Drainage Systems by 177.4% in 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 acquired a new stake in Advanced Drainage Systems in the 1st quarter valued at $66,000. Finally, Signaturefd LLC boosted its stake 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 buying an additional 352 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Advanced Drainage Systems Stock Down 2.8%

NYSE:WMS opened at $133.86 on Monday. The stock's fifty day moving average price is $139.77 and its two-hundred day moving average price is $122.28. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week high of $166.03. 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 company has a market cap of $10.41 billion, a price-to-earnings ratio of 24.16, a P/E/G ratio of 1.80 and a beta of 1.32.

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

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.72 annualized dividend and a yield of 0.5%. Advanced Drainage Systems's dividend payout ratio is currently 13.00%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. KeyCorp boosted their price target on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Wall Street Zen raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Robert W. Baird set a $166.00 target price on Advanced Drainage Systems in a report on Friday, August 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Advanced Drainage Systems in a report on Wednesday, October 8th. Finally, UBS Group reissued 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. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.56.

Advanced Drainage Systems Profile

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.

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