Russell Investments Group Ltd. Has $19.32 Million Holdings in Advanced Drainage Systems, Inc. $WMS

Key Points

• Russell Investments Group Ltd. increased its stake in Advanced Drainage Systems by 25.3% in Q1, acquiring 35,967 additional shares, bringing its total holdings to approximately 177,888 shares valued at $19.32 million.
• Advanced Drainage Systems reported earnings per share of $1.95 for the last quarter, exceeding the consensus estimate by $0.17, while revenue rose by 1.8% year-over-year to $829.88 million.
• The company declared a quarterly dividend of $0.18 per share, representing a yield of 0.5%, with a current payout ratio of 13.00%.

Russell Investments Group Ltd. increased its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 25.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 177,888 shares of the construction company's stock after acquiring an additional 35,967 shares during the period. Russell Investments Group Ltd. owned about 0.23% of Advanced Drainage Systems worth $19,320,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Advanced Drainage Systems by 2.8% in the first quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company's stock valued at $818,905,000 after purchasing an additional 204,826 shares in the last quarter. Impax Asset Management Group plc raised its position in Advanced Drainage Systems by 14.8% in the 1st quarter. Impax Asset Management Group plc now owns 2,904,414 shares of the construction company's stock valued at $314,700,000 after buying an additional 374,414 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Advanced Drainage Systems by 63.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,064,527 shares of the construction company's stock valued at $238,659,000 after buying an additional 799,569 shares during the last quarter. Invesco Ltd. lifted its stake in Advanced Drainage Systems by 2.7% in the 1st quarter. Invesco Ltd. now owns 1,734,537 shares of the construction company's stock valued at $188,457,000 after acquiring an additional 45,993 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Advanced Drainage Systems by 45.8% during the 4th quarter. First Trust Advisors LP now owns 1,732,827 shares of the construction company's stock worth $200,315,000 after acquiring an additional 544,109 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WMS shares. Wall Street Zen upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Royal Bank Of Canada started coverage on shares of Advanced Drainage Systems in a research report on Monday, August 11th. They set an "outperform" rating and a $159.00 price objective for the company. Robert W. Baird set a $166.00 price objective on shares of Advanced Drainage Systems in a research report on Friday, August 8th. UBS Group reaffirmed a "buy" rating and issued a $167.00 target price (up previously from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Finally, Barclays lifted their price objective on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $152.56.

Advanced Drainage Systems Price Performance

Shares of WMS stock traded up $3.1460 on Tuesday, reaching $144.1660. The company had a trading volume of 1,278,684 shares, compared to its average volume of 843,494. The business's 50-day moving average is $119.97 and its 200 day moving average is $115.10. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year high of $166.03. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $11.21 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.87 and a beta of 1.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, topping 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 business had revenue of $829.88 million during the quarter, compared to analysts' expectations of $800.54 million. During the same period in the prior year, the company earned $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. Equities research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

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