Boston Trust Walden Corp Takes $227,000 Position in Advanced Drainage Systems, Inc. $WMS

Key Points

• Boston Trust Walden Corp has acquired a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS) worth approximately $227,000, purchasing 1,975 shares in the second quarter.
• Institutional investors currently hold 89.83% of Advanced Drainage Systems' stock, reflecting strong interest from hedge funds in the company's performance.
• Advanced Drainage Systems reported a net margin of 14.82% and beat earnings estimates, with quarterly revenue of $829.88 million, a 1.8% increase year-over-year.

Boston Trust Walden Corp acquired a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,975 shares of the construction company's stock, valued at approximately $227,000.

A number of other hedge funds have also recently made changes to their positions in the business. Vest Financial LLC grew its holdings in shares of Advanced Drainage Systems by 44.0% during the second quarter. Vest Financial LLC now owns 34,031 shares of the construction company's stock valued at $3,909,000 after buying an additional 10,399 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Advanced Drainage Systems by 5.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 19,929 shares of the construction company's stock valued at $2,384,000 after buying an additional 1,015 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Advanced Drainage Systems by 19.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,395 shares of the construction company's stock valued at $850,000 after buying an additional 1,196 shares during the last quarter. Mirova US LLC grew its holdings in shares of Advanced Drainage Systems by 2.6% during the second quarter. Mirova US LLC now owns 708,310 shares of the construction company's stock valued at $81,356,000 after buying an additional 17,875 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of Advanced Drainage Systems by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the construction company's stock valued at $2,286,000 after purchasing an additional 100 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Performance

Shares of WMS stock opened at $141.34 on Thursday. The firm has a market cap of $10.99 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 1.90 and a beta of 1.32. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $166.03. The firm's 50-day simple moving average is $141.26 and its two-hundred day simple moving average is $122.73.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.78 by $0.17. The business had revenue of $829.88 million for 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 company's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.72 annualized dividend and a yield of 0.5%. Advanced Drainage Systems's payout ratio is currently 13.00%.

Analysts Set New Price Targets

WMS has been the topic of a number of recent analyst reports. Robert W. Baird set a $166.00 price target on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Wall Street Zen raised shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Barclays raised 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. KeyCorp raised their price target on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, Royal Bank Of Canada initiated coverage on shares of Advanced Drainage Systems in a research report on Monday, August 11th. They set an "outperform" rating and a $159.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Advanced Drainage Systems presently has an average rating of "Moderate Buy" and a consensus 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.

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