Advanced Drainage Systems, Inc. $WMS Shares Purchased by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. has increased its holdings in Advanced Drainage Systems, Inc. by 9.2%, now owning 738,054 shares valued at approximately $80.2 million.
• Institutional investors own about 89.83% of Advanced Drainage Systems' stock, with several funds significantly boosting their positions in the recent quarters.
• Advanced Drainage Systems reported an EPS of $1.95 for the last quarter, surpassing analyst estimates, and announced a quarterly dividend of $0.18 per share.

Ameriprise Financial Inc. lifted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 9.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 738,054 shares of the construction company's stock after purchasing an additional 62,405 shares during the period. Ameriprise Financial Inc. owned 0.95% of Advanced Drainage Systems worth $80,184,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of Advanced Drainage Systems during the 1st quarter worth approximately $26,000. Bessemer Group Inc. boosted its holdings in shares of Advanced Drainage Systems by 76.2% during the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock worth $29,000 after purchasing an additional 115 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Advanced Drainage Systems during the 1st quarter worth approximately $66,000. Mascagni Wealth Management Inc. acquired a new position in Advanced Drainage Systems in the fourth quarter valued at approximately $74,000. Finally, Signaturefd LLC lifted 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 acquiring an additional 352 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Down 0.9%

Shares of NYSE WMS traded down $1.26 during mid-day trading on Friday, hitting $144.19. The company had a trading volume of 532,680 shares, compared to its average volume of 718,509. The company has a market capitalization of $11.21 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $166.03. The business's 50-day simple moving average is $124.19 and its 200 day simple moving average is $116.35.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.17. The business had revenue of $829.88 million during the quarter, compared to analysts' expectations of $800.54 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The business's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.06 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, analysts predict 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 will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a $0.18 dividend. 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 dividend payout ratio (DPR) is presently 13.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WMS shares. Robert W. Baird set a $166.00 price objective on Advanced Drainage Systems in a report on Friday, August 8th. Barclays upped their price objective on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, August 8th. KeyCorp upped their price objective on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Royal Bank Of Canada started coverage on Advanced Drainage Systems in a report on Monday, August 11th. They issued an "outperform" rating and a $159.00 price objective on the stock. Finally, UBS Group reiterated a "buy" rating and issued a $167.00 price objective (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Advanced Drainage Systems has an average rating of "Moderate Buy" and an average target price 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.