Charles Schwab Investment Management Inc. Purchases 63,819 Shares of Advanced Drainage Systems, Inc. $WMS

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Advanced Drainage Systems by 10.8% during the first quarter, owning 657,381 shares valued at approximately $71.4 million.
• Research firms have set price targets for Advanced Drainage Systems, with UBS Group increasing its target to $167 and Robert W. Baird setting it at $166, reflecting positive market sentiment.
• The company announced a quarterly dividend of $0.18 per share, resulting in an annualized dividend yield of 0.5%, with a payout ratio of 13.00% in relation to its earnings.

Charles Schwab Investment Management Inc. increased its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 10.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 657,381 shares of the construction company's stock after purchasing an additional 63,819 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.85% of Advanced Drainage Systems worth $71,424,000 at the end of the most recent quarter.

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

Advanced Drainage Systems Stock Up 1.9%

WMS stock traded up $2.6910 during trading hours on Tuesday, hitting $143.7110. The company's stock had a trading volume of 137,723 shares, compared to its average volume of 704,609. 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 company has a market capitalization of $11.17 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 1.85 and a beta of 1.27. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $166.03. The stock has a 50 day moving average price of $119.45 and a two-hundred day moving average price of $114.90.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its earnings results 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 company had revenue of $829.88 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.06 earnings per share. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Advanced Drainage Systems's payout ratio is currently 13.00%.

Analysts Set New Price Targets

Several research firms have recently weighed in on WMS. 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. UBS Group reissued a "buy" rating and issued a $167.00 target price (up from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Royal Bank Of Canada began coverage on shares of Advanced Drainage Systems in a research report on Monday, August 11th. They issued an "outperform" rating and a $159.00 target price on the stock. Barclays lifted their target price on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, KeyCorp boosted their price objective 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. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.