Bridges Investment Management Inc. Boosts Stake in Advanced Drainage Systems, Inc. $WMS

Key Points

• Bridges Investment Management Inc. increased its stake in Advanced Drainage Systems by 49.9% in the second quarter, owning a total of 21,162 shares valued at approximately $2.43 million.
• Advanced Drainage Systems reported a quarterly earnings per share (EPS) of $1.95, exceeding analysts’ expectations, with revenue of $829.88 million for the quarter.
• The company recently paid a quarterly dividend of $0.18 per share with a dividend yield of 0.5%, showcasing a dividend payout ratio of 13%.

Bridges Investment Management Inc. lifted its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 49.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,162 shares of the construction company's stock after acquiring an additional 7,040 shares during the quarter. Bridges Investment Management Inc.'s holdings in Advanced Drainage Systems were worth $2,431,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System raised its holdings in Advanced Drainage Systems by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the construction company's stock valued at $2,286,000 after acquiring an additional 100 shares during the last quarter. US Bancorp DE raised its holdings in Advanced Drainage Systems by 5.7% in the 1st quarter. US Bancorp DE now owns 2,017 shares of the construction company's stock valued at $219,000 after acquiring an additional 109 shares during the last quarter. Bessemer Group Inc. raised its holdings in Advanced Drainage Systems by 76.2% in the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock valued at $29,000 after acquiring an additional 115 shares during the last quarter. Phoenix Financial Ltd. raised its holdings in Advanced Drainage Systems by 5.2% in the 1st quarter. Phoenix Financial Ltd. now owns 2,463 shares of the construction company's stock valued at $269,000 after acquiring an additional 121 shares during the last quarter. Finally, Isthmus Partners LLC raised its holdings in Advanced Drainage Systems by 5.5% in the 1st quarter. Isthmus Partners LLC now owns 2,875 shares of the construction company's stock valued at $312,000 after acquiring an additional 150 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Down 0.6%

Shares of NYSE WMS opened at $140.29 on Friday. The company has a 50 day simple moving average of $141.40 and a 200-day simple moving average of $122.95. The company has a market capitalization of $10.91 billion, a P/E ratio of 25.32, a P/E/G ratio of 1.89 and a beta of 1.32. 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.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.17. The firm had revenue of $829.88 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter last year, the company posted $2.06 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

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

Analyst Ratings Changes

A number of research firms have commented on WMS. Weiss Ratings reiterated a "hold (c)" rating on shares of Advanced Drainage Systems in a report on Wednesday, October 8th. KeyCorp increased their price objective on shares of 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 shares of Advanced Drainage Systems in a report on Monday, August 11th. They issued an "outperform" rating and a $159.00 price objective for the company. Oppenheimer restated an "outperform" rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Finally, Robert W. Baird set a $166.00 price target on shares of Advanced Drainage Systems in a report on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Advanced Drainage Systems presently 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.

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