Advanced Drainage Systems, Inc. $WMS Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its holdings in Advanced Drainage Systems, Inc. by 1.7%, selling 23,960 shares during the first quarter, leaving them with 1,378,487 shares, valued at approximately $149.77 million.
• Advanced Drainage Systems recently declared a quarterly dividend of $0.18 per share, with a yield of 0.5%, to be paid on September 15th.
• Analysts have rated Advanced Drainage Systems with an average rating of "Moderate Buy", with target prices ranging from $133.00 to $167.00, indicating positive sentiment towards the stock.

American Century Companies Inc. lowered its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 1.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,378,487 shares of the construction company's stock after selling 23,960 shares during the period. American Century Companies Inc. owned approximately 1.78% of Advanced Drainage Systems worth $149,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its stake in Advanced Drainage Systems by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 63,540 shares of the construction company's stock worth $7,345,000 after buying an additional 308 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Advanced Drainage Systems in the 4th quarter valued at $353,000. Raymond James Financial Inc. acquired a new stake in Advanced Drainage Systems in the fourth quarter valued at $2,025,000. Sterling Capital Management LLC raised its stake in Advanced Drainage Systems by 42.8% in the fourth quarter. Sterling Capital Management LLC now owns 3,030 shares of the construction company's stock valued at $350,000 after buying an additional 908 shares in the last quarter. Finally, Townsquare Capital LLC lifted its holdings in Advanced Drainage Systems by 47.1% during the 4th quarter. Townsquare Capital LLC now owns 7,668 shares of the construction company's stock worth $886,000 after buying an additional 2,455 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group reiterated a "buy" rating and issued a $167.00 price target (up from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Oppenheimer reiterated an "outperform" rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Barclays boosted their price target on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Wall Street Zen upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Loop Capital reduced their price target on shares of Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating for the company in a research report on Friday, May 16th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $152.56.

Advanced Drainage Systems Price Performance

Shares of WMS traded up $3.1460 during trading hours on Tuesday, reaching $144.1660. The company had a trading volume of 1,278,684 shares, compared to its average volume of 712,178. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $166.03. The firm has a 50 day simple moving average of $119.45 and a 200-day simple moving average of $114.90. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.85 and a beta of 1.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly 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. The company had revenue of $829.88 million during the quarter, compared to the consensus estimate of $800.54 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The company's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $2.06 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The firm 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 dividend of $0.18 per share. The ex-dividend date is Friday, August 29th. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. Advanced Drainage Systems's payout ratio is presently 13.00%.

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.