Allianz Asset Management GmbH Has $67.53 Million Stock Holdings in Advanced Drainage Systems, Inc. $WMS

Key Points

• Allianz Asset Management GmbH increased its stake in Advanced Drainage Systems, Inc. by 4.9% during Q2, now holding approximately 587,944 shares valued at $67.53 million.
• The company reported a Q2 EPS of $1.95**, surpassing analysts' expectations of $1.78, alongside a revenue of $829.88 million**, a 1.8% year-over-year increase.
• Advanced Drainage Systems recently declared a quarterly dividend of $0.18** per share, reflecting a 0.5% yield and a payout ratio of 13.00%.

Allianz Asset Management GmbH boosted its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 587,944 shares of the construction company's stock after buying an additional 27,256 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.76% of Advanced Drainage Systems worth $67,531,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Bridges Investment Management Inc. lifted its holdings in Advanced Drainage Systems by 49.9% during the 2nd quarter. Bridges Investment Management Inc. now owns 21,162 shares of the construction company's stock worth $2,431,000 after buying an additional 7,040 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its holdings in Advanced Drainage Systems by 15.3% during the 2nd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 239,482 shares of the construction company's stock worth $27,497,000 after buying an additional 31,805 shares in the last quarter. Boston Trust Walden Corp acquired a new position in Advanced Drainage Systems during the 2nd quarter worth $227,000. Vest Financial LLC lifted its holdings in Advanced Drainage Systems by 44.0% during the 2nd quarter. Vest Financial LLC now owns 34,031 shares of the construction company's stock worth $3,909,000 after buying an additional 10,399 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Advanced Drainage Systems by 5.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 19,929 shares of the construction company's stock worth $2,384,000 after buying an additional 1,015 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Advanced Drainage Systems Stock Performance

WMS stock opened at $140.29 on Friday. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $166.03. The business's fifty day moving average is $141.40 and its 200-day moving average is $122.95. The company has a market cap of $10.91 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 1.89 and a beta of 1.32.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 EPS for the quarter, beating 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 quarter in the prior year, the company earned $2.06 EPS. The firm's quarterly 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 forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.18 dividend. 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 dividend payout ratio is currently 13.00%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wall Street Zen raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. KeyCorp increased their price target on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Oppenheimer reissued an "outperform" rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Royal Bank Of Canada assumed coverage on Advanced Drainage Systems in a research note on Monday, August 11th. They issued an "outperform" rating and a $159.00 price target on the stock. Finally, Barclays increased their price target on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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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