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. cut its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 1.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,378,487 shares of the construction company's stock after selling 23,960 shares during the period. American Century Companies Inc. owned about 1.78% of Advanced Drainage Systems worth $149,773,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in WMS. NBC Securities Inc. purchased a new stake in shares of Advanced Drainage Systems during the first quarter worth approximately $26,000. Bessemer Group Inc. boosted its holdings in Advanced Drainage Systems by 76.2% in the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock valued at $29,000 after purchasing an additional 115 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in Advanced Drainage Systems in the first quarter valued at approximately $66,000. Signaturefd LLC boosted its holdings in Advanced Drainage Systems by 110.7% in the first quarter. Signaturefd LLC now owns 670 shares of the construction company's stock valued at $73,000 after purchasing an additional 352 shares in the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new position in Advanced Drainage Systems in the fourth quarter valued at approximately $74,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Performance

Shares of WMS traded down $2.6950 during mid-day trading on Thursday, reaching $139.0750. 337,469 shares of the company's stock were exchanged, compared to its average volume of 713,506. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25. The business's fifty day simple moving average is $120.46 and its 200-day simple moving average is $115.29. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week high of $166.03. The stock has a market capitalization of $10.81 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.91 and a beta of 1.27.

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, topping the consensus estimate 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 firm had revenue of $829.88 million during the quarter, compared to the consensus estimate of $800.54 million. During the same period last year, the company earned $2.06 earnings per share. The company's revenue for the quarter was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

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

Analyst Ratings Changes

WMS has been the subject of a number of research analyst reports. Robert W. Baird set a $166.00 price target on Advanced Drainage Systems in a report on Friday, August 8th. Royal Bank Of Canada initiated coverage on Advanced Drainage Systems in a report on Monday, August 11th. They issued an "outperform" rating and a $159.00 price target for the company. Loop Capital lowered their price target on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating for the company in a report on Friday, May 16th. Barclays upped their price target on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Oppenheimer reissued an "outperform" rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.56.

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.