Amundi Acquires 326,435 Shares of Advanced Drainage Systems, Inc. $WMS

Key Points

• Amundi increased its stake in Advanced Drainage Systems by 38.2% during the first quarter, owning approximately 1.52% of the company valued at $127.22 million.
• Advanced Drainage Systems reported an earnings per share (EPS) of $1.95 for the recently announced quarter, surpassing analyst expectations by $0.17.
• The firm's quarterly dividend is set at $0.18 per share, with an annualized yield of 0.5% and a payout ratio of 13%.

Amundi increased its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 38.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,181,199 shares of the construction company's stock after buying an additional 326,435 shares during the period. Amundi owned 1.52% of Advanced Drainage Systems worth $127,223,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. bought a new stake in Advanced Drainage Systems during the 1st quarter worth approximately $26,000. Bessemer Group Inc. lifted its position in Advanced Drainage Systems by 76.2% during 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 during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Advanced Drainage Systems in the 1st quarter worth about $66,000. Signaturefd LLC increased its position in shares of Advanced Drainage Systems by 110.7% during the 1st quarter. Signaturefd LLC now owns 670 shares of the construction company's stock valued at $73,000 after purchasing an additional 352 shares during the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of Advanced Drainage Systems during the 4th quarter valued at about $74,000. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Stock Performance

WMS traded up $6.14 during midday trading on Thursday, hitting $147.14. 895,947 shares of the company traded hands, compared to its average volume of 853,183. The company's 50-day moving average is $129.59 and its 200 day moving average is $117.82. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $11.44 billion, a PE ratio of 26.56, a price-to-earnings-growth ratio of 1.87 and a beta of 1.26. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $166.03.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.17. The company had revenue of $829.88 million during the quarter, compared to analyst estimates of $800.54 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently announced 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. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, August 29th. Advanced Drainage Systems's payout ratio is currently 13.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WMS shares. Wall Street Zen upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Robert W. Baird set a $166.00 target price on shares of Advanced Drainage Systems in a report on Friday, August 8th. Oppenheimer reissued an "outperform" rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Royal Bank Of Canada assumed coverage on Advanced Drainage Systems in a research report on Monday, August 11th. They set an "outperform" rating and a $159.00 price target for the company. Finally, Loop Capital cut their price objective on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $152.56.

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.