Advanced Drainage Systems, Inc. $WMS Stock Holdings Reduced by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC has reduced its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 7.9% in the 2nd quarter, owning approximately 1.20% of the company valued at $107.23 million.
• Vanguard Group Inc. and other institutional investors increased their stakes in Advanced Drainage Systems, raising overall institutional ownership to 89.83%.
• Advanced Drainage Systems reported earnings of $1.95 per share for the latest quarter, exceeding estimates, with revenues of $829.88 million versus analysts' expectations of $800.54 million.

William Blair Investment Management LLC reduced its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 7.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 933,595 shares of the construction company's stock after selling 79,660 shares during the period. William Blair Investment Management LLC owned about 1.20% of Advanced Drainage Systems worth $107,233,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in WMS. Vanguard Group Inc. increased its holdings in 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 worth $818,905,000 after buying an additional 204,826 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Advanced Drainage Systems by 50.8% in the first 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 acquiring an additional 1,049,697 shares in the last quarter. Impax Asset Management Group plc increased its stake 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 purchasing an additional 374,414 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Advanced Drainage Systems by 2.7% during the 1st quarter. Invesco Ltd. now owns 1,734,537 shares of the construction company's stock valued at $188,457,000 after purchasing an additional 45,993 shares in the last quarter. Finally, Amundi lifted 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 valued at $127,223,000 after purchasing an additional 326,435 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on WMS shares. UBS Group reissued a "buy" rating and set a $167.00 target price (up from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of Advanced Drainage Systems in a research note on Wednesday, October 8th. Royal Bank Of Canada initiated coverage on Advanced Drainage Systems in a research note on Monday, August 11th. They issued an "outperform" rating and a $159.00 price objective on the stock. Barclays upped 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, Oppenheimer reiterated an "outperform" rating 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 two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $152.56.

Advanced Drainage Systems Stock Performance

NYSE:WMS opened at $140.92 on Friday. The firm's 50-day moving average is $141.58 and its 200-day moving average is $123.17. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week 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 cap of $10.96 billion, a price-to-earnings ratio of 25.44, a PEG ratio of 1.89 and a beta of 1.32.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the company earned $2.06 earnings per share. The firm's revenue was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed 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. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 29th. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 13.00%.

Advanced Drainage Systems Company 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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