Advanced Drainage Systems, Inc. $WMS Holdings Cut by Aberdeen Group plc

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 position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 1.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 535,156 shares of the construction company's stock after selling 8,895 shares during the quarter. Aberdeen Group plc owned about 0.69% of Advanced Drainage Systems worth $57,363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. NBC Securities Inc. acquired a new stake in Advanced Drainage Systems during the first quarter worth approximately $26,000. Bessemer Group Inc. increased its stake in Advanced Drainage Systems by 76.2% in the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock valued at $29,000 after purchasing an additional 115 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in Advanced Drainage Systems in the first quarter valued at approximately $66,000. Signaturefd LLC raised its stake in Advanced Drainage Systems by 110.7% during the first quarter. Signaturefd LLC now owns 670 shares of the construction company's stock worth $73,000 after purchasing an additional 352 shares during the period. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of Advanced Drainage Systems in the 4th quarter valued at $74,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WMS has been the subject of a number of research analyst reports. Oppenheimer restated an "outperform" rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. KeyCorp upped their price target on Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Barclays raised their price objective on Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Loop Capital decreased their target price on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating for the company in a report on Friday, May 16th. Finally, Robert W. Baird set a $166.00 price target on shares of Advanced Drainage Systems in a report on Friday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $152.56.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS traded down $2.5150 during mid-day trading on Thursday, reaching $139.2550. 292,454 shares of the company traded hands, compared to its average volume of 713,191. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week high of $166.03. The firm has a market cap of $10.83 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27. The stock has a fifty day simple moving average of $120.46 and a 200-day simple moving average of $115.29. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued 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. The company had revenue of $829.88 million during the quarter, compared to the consensus estimate of $800.54 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. Advanced Drainage Systems's revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.06 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

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

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.