Advanced Drainage Systems, Inc. $WMS Shares Sold by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Advanced Drainage Systems by 2.2% to 397,481 shares, valued at approximately $43.19 million.
• Several large investors, including UBS AM and Ampire Financial Inc., increased their holdings, indicating continued institutional interest in the company.
• Advanced Drainage Systems reported earnings of $1.95 per share for the last quarter, exceeding estimates, and it declared a quarterly dividend of $0.18 per share, reflecting a 0.5% yield.

T. Rowe Price Investment Management Inc. lessened its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 397,481 shares of the construction company's stock after selling 9,063 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 0.51% of Advanced Drainage Systems worth $43,187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Advanced Drainage Systems by 63.2% during 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 worth $238,659,000 after purchasing an additional 799,569 shares in the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Advanced Drainage Systems by 14.8% during the 1st quarter. Impax Asset Management Group plc now owns 2,904,414 shares of the construction company's stock worth $314,700,000 after acquiring an additional 374,414 shares during the period. Voloridge Investment Management LLC purchased a new position in shares of Advanced Drainage Systems during the 4th quarter worth about $42,160,000. Ameriprise Financial Inc. lifted its holdings in shares of Advanced Drainage Systems by 100.9% during the 4th quarter. Ameriprise Financial Inc. now owns 675,649 shares of the construction company's stock worth $78,094,000 after acquiring an additional 339,329 shares during the period. Finally, Cercano Management LLC purchased a new position in shares of Advanced Drainage Systems during the 4th quarter worth about $29,840,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Stock Down 0.7%

Advanced Drainage Systems stock traded down $1.09 during midday trading on Friday, hitting $144.18. 64,945 shares of the company were exchanged, compared to its average volume of 715,560. The company's fifty day moving average price is $124.19 and its 200-day moving average price is $116.35. The company has a market cap of $11.21 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. 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, Inc. has a fifty-two week low of $93.92 and a fifty-two week high of $166.03.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $829.88 million for the quarter, compared to analyst estimates of $800.54 million. During the same period in the prior year, the company posted $2.06 EPS. Advanced Drainage Systems's quarterly revenue was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

WMS has been the topic of several recent analyst reports. UBS Group reiterated a "buy" rating and set a $167.00 price objective (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Loop Capital cut their target price on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. Royal Bank Of Canada initiated coverage on Advanced Drainage Systems in a research report on Monday, August 11th. They issued an "outperform" rating and a $159.00 target price on the stock. Barclays increased their target price on Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, KeyCorp boosted their target price on Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $152.56.

About Advanced Drainage Systems

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.