Aberdeen Group plc Has $57.36 Million Holdings in Advanced Drainage Systems, Inc. $WMS

Key Points

• Aberdeen Group plc reduced its stake in Advanced Drainage Systems by 1.6%, now holding 535,156 shares valued at approximately $57.36 million.
• Advanced Drainage Systems recently announced a $0.18 quarterly dividend with an annualized yield of 0.5%, set to be paid on September 15th.
• Brokerages have raised their price targets for Advanced Drainage Systems, with Barclays increasing it from $135.00 to $160.00 and UBS Group now setting a target of $167.00, indicating strong buy ratings for the stock.

Aberdeen Group plc decreased its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 1.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 535,156 shares of the construction company's stock after selling 8,895 shares during the period. Aberdeen Group plc owned 0.69% of Advanced Drainage Systems worth $57,363,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of WMS. Bessemer Group Inc. raised 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 worth $29,000 after purchasing an additional 115 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Advanced Drainage Systems by 97.6% during the 1st quarter. Teacher Retirement System of Texas now owns 10,769 shares of the construction company's stock worth $1,170,000 after purchasing an additional 5,319 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Advanced Drainage Systems by 15.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,914 shares of the construction company's stock worth $2,061,000 after purchasing an additional 2,559 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Advanced Drainage Systems by 167.1% during the 1st quarter. GAMMA Investing LLC now owns 812 shares of the construction company's stock worth $88,000 after purchasing an additional 508 shares in the last quarter. Finally, Vident Advisory LLC grew its position in shares of Advanced Drainage Systems by 23.0% during the 4th quarter. Vident Advisory LLC now owns 1,907 shares of the construction company's stock worth $220,000 after purchasing an additional 356 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Price Performance

Shares of WMS traded up $3.1460 during mid-day trading on Tuesday, reaching $144.1660. The company had a trading volume of 1,278,684 shares, compared to its average volume of 712,178. The company's 50 day simple moving average is $119.45 and its 200 day simple moving average is $114.90. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year 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 capitalization of $11.21 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 1.85 and a beta of 1.27.

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

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, August 29th. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 13.00%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WMS. Loop Capital cut their target price on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating for the company in a research report on Friday, May 16th. KeyCorp raised their price target on Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Robert W. Baird set a $166.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Barclays boosted their price objective on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.