Advanced Drainage Systems, Inc. $WMS Stock Holdings Increased by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON ASSET MANAGEMENT UK Plc increased its stake in Advanced Drainage Systems, Inc. by 15.3%, owning approximately 0.31% of the company worth $27.5 million.
• The company's quarterly earnings beat analysts' expectations, reporting $1.95 EPS against a consensus of $1.78, with revenue growing by 1.8% year-over-year to reach $829.88 million.
• Advanced Drainage Systems declared a quarterly dividend of $0.18 per share, representing an annualized yield of 0.5% with a payout ratio of 13%.

AEGON ASSET MANAGEMENT UK Plc lifted its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 15.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 239,482 shares of the construction company's stock after buying an additional 31,805 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.31% of Advanced Drainage Systems worth $27,497,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Advanced Drainage Systems by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company's stock worth $818,905,000 after buying an additional 204,826 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Advanced Drainage Systems by 50.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,114,224 shares of the construction company's stock worth $338,360,000 after buying an additional 1,049,697 shares in the last quarter. Impax Asset Management Group plc raised its stake in shares of 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 worth $314,700,000 after buying an additional 374,414 shares in the last quarter. Invesco Ltd. raised its stake in shares of Advanced Drainage Systems by 2.7% in the 1st quarter. Invesco Ltd. now owns 1,734,537 shares of the construction company's stock worth $188,457,000 after buying an additional 45,993 shares in the last quarter. Finally, Amundi raised its stake in shares of Advanced Drainage Systems by 38.2% in the 1st quarter. Amundi now owns 1,181,199 shares of the construction company's stock worth $127,223,000 after buying an additional 326,435 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Stock Performance

Shares of WMS stock opened at $141.47 on Wednesday. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $166.03. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $11.00 billion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 1.82 and a beta of 1.32. The stock's fifty day simple moving average is $140.71 and its 200-day simple moving average is $122.60.

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. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The business had revenue of $829.88 million for the quarter, compared to the consensus estimate of $800.54 million. During the same quarter in the previous year, the company posted $2.06 earnings per share. Advanced Drainage Systems'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, sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

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

Analyst Ratings Changes

WMS has been the topic of a number of research reports. Wall Street Zen raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Oppenheimer restated an "outperform" rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Barclays lifted their target price on Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Royal Bank Of Canada began coverage on Advanced Drainage Systems in a report on Monday, August 11th. They issued an "outperform" rating and a $159.00 target price on the stock. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Advanced Drainage Systems in a report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Advanced Drainage Systems presently 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.

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