Advanced Drainage Systems, Inc. $WMS Shares Acquired by Deutsche Bank AG

Key Points

• Deutsche Bank AG increased its stake in Advanced Drainage Systems by 4.3%, holding approximately 118,091 shares valued at $12.83 million as of the most recent quarter.
• Analysts maintain a generally positive outlook on the stock, with several upgrading their ratings, resulting in a consensus target price of $152.56 and a consensus rating of "Moderate Buy."
• The company is set to pay a quarterly dividend of $0.18 per share on September 15, reflecting a 0.5% dividend yield and a payout ratio of 13.00%.

Deutsche Bank AG raised its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,091 shares of the construction company's stock after purchasing an additional 4,837 shares during the quarter. Deutsche Bank AG owned 0.15% of Advanced Drainage Systems worth $12,831,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of Advanced Drainage Systems by 0.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 63,540 shares of the construction company's stock worth $7,345,000 after acquiring an additional 308 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Advanced Drainage Systems in the fourth quarter valued at $353,000. Raymond James Financial Inc. acquired a new stake in shares of Advanced Drainage Systems in the fourth quarter valued at $2,025,000. Sterling Capital Management LLC raised its stake in shares of Advanced Drainage Systems by 42.8% in the fourth quarter. Sterling Capital Management LLC now owns 3,030 shares of the construction company's stock valued at $350,000 after acquiring an additional 908 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Advanced Drainage Systems by 6.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 76,642 shares of the construction company's stock valued at $8,860,000 after acquiring an additional 4,802 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Stock Performance

NYSE WMS traded up $2.6910 during trading hours on Tuesday, hitting $143.7110. The company had a trading volume of 137,723 shares, compared to its average volume of 704,609. The business has a 50 day moving average of $119.45 and a 200-day moving average of $114.90. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $166.03. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22. The company has a market cap 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 (NYSE:WMS - Get Free Report) last announced its earnings results on Thursday, August 7th. The construction company reported $1.95 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.17. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The business had revenue of $829.88 million during the quarter, compared to analysts' expectations of $800.54 million. During the same period in the prior year, the company earned $2.06 earnings per share. The business's revenue was up 1.8% compared to the same quarter last year. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, equities 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 declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a dividend of $0.18 per share. 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 dividend payout ratio is currently 13.00%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WMS. Barclays increased their price objective on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Robert W. Baird set a $166.00 target price on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Wall Street Zen upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group reiterated a "buy" rating and set a $167.00 target price (up previously from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, KeyCorp boosted their target price on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Advanced Drainage Systems currently 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.