Comerica Bank Grows Position in Advanced Drainage Systems, Inc. $WMS

Key Points

• Comerica Bank has increased its stake in Advanced Drainage Systems, Inc. by 23.4% in Q1, owning 26,425 shares valued at approximately $2.87 million.
• The company reported earnings per share of $1.95 for the last quarter, surpassing the consensus estimate of $1.78 and indicating a year-over-year revenue growth of 1.8%.
• Advanced Drainage Systems has declared a quarterly dividend of $0.18, contributing to an annualized yield of 0.5% and a payout ratio of 13.00%.

Comerica Bank increased its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 23.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,425 shares of the construction company's stock after purchasing an additional 5,003 shares during the quarter. Comerica Bank's holdings in Advanced Drainage Systems were worth $2,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of WMS. The Manufacturers Life Insurance Company grew its stake in shares of Advanced Drainage Systems by 5.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 48,371 shares of the construction company's stock worth $5,592,000 after purchasing an additional 2,591 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Advanced Drainage Systems by 4.9% during the 4th quarter. Northern Trust Corp now owns 665,461 shares of the construction company's stock worth $76,927,000 after acquiring an additional 30,933 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of Advanced Drainage Systems during the 4th quarter worth approximately $613,000. Ameriprise Financial Inc. grew its holdings in shares of Advanced Drainage Systems by 100.9% during the 4th quarter. Ameriprise Financial Inc. now owns 675,649 shares of the construction company's stock worth $78,094,000 after acquiring an additional 339,329 shares during the period. Finally, BLI Banque de Luxembourg Investments purchased a new position in shares of Advanced Drainage Systems during the 4th quarter worth approximately $3,526,000. 89.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. KeyCorp boosted their price target on Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. UBS Group reissued a "buy" rating and issued a $167.00 price target (up from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Barclays boosted their price target on Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Robert W. Baird set a $166.00 price target on Advanced Drainage Systems in a research report on Friday, August 8th. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of "Moderate Buy" and an average price target of $152.56.

Advanced Drainage Systems Stock Performance

WMS traded up $1.96 during mid-day trading on Thursday, reaching $143.92. 207,169 shares of the company traded hands, compared to its average volume of 715,909. The stock has a market capitalization of $11.19 billion, a P/E ratio of 25.99, a P/E/G ratio of 1.91 and a beta of 1.26. 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's fifty day moving average price is $126.31 and its 200-day moving average price is $116.81. 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 for the quarter, beating analysts' consensus estimates of $1.78 by $0.17. The business 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 company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, sell-side analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.18 per share. 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 payout ratio is currently 13.00%.

Advanced Drainage Systems 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.