Farther Finance Advisors LLC Purchases 5,187 Shares of Advanced Drainage Systems, Inc. $WMS

Key Points

• Farther Finance Advisors LLC significantly increased its investment in Advanced Drainage Systems by buying an additional 5,187 shares, reaching a total of 5,234 shares valued at approximately $601,000.
• The company announced a quarterly dividend of $0.18 per share, translating to an annualized yield of 0.5%, with a low dividend payout ratio of 13.00%.
• Advanced Drainage Systems reported earnings of $1.95 per share for the last quarter, surpassing analysts' expectations, and had revenue of $829.88 million, reflecting a year-over-year growth of 1.8%.

Farther Finance Advisors LLC lifted its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 11,036.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,234 shares of the construction company's stock after purchasing an additional 5,187 shares during the period. Farther Finance Advisors LLC's holdings in Advanced Drainage Systems were worth $601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its holdings in shares of Advanced Drainage Systems by 77.7% during the second quarter. Assenagon Asset Management S.A. now owns 3,371 shares of the construction company's stock worth $387,000 after purchasing an additional 1,474 shares during the last quarter. Marshall Financial Group LLC grew its holdings in shares of Advanced Drainage Systems by 6.5% during the second quarter. Marshall Financial Group LLC now owns 9,261 shares of the construction company's stock worth $1,071,000 after purchasing an additional 563 shares during the last quarter. Fiduciary Alliance LLC bought a new stake in Advanced Drainage Systems in the second quarter valued at approximately $203,000. Lifestyle Asset Management Inc. boosted its holdings in Advanced Drainage Systems by 16.6% in the second quarter. Lifestyle Asset Management Inc. now owns 9,572 shares of the construction company's stock valued at $1,099,000 after acquiring an additional 1,360 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Advanced Drainage Systems by 177.4% in the second quarter. Parallel Advisors LLC now owns 430 shares of the construction company's stock valued at $49,000 after acquiring an additional 275 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Price Performance

Shares of WMS opened at $137.46 on Friday. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week 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 business's 50 day moving average price is $135.11 and its two-hundred day moving average price is $120.07. The firm has a market cap of $10.69 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 1.81 and a beta of 1.26.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its earnings results 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. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The company had revenue of $829.88 million for the quarter, compared to analyst estimates of $800.54 million. During the same period in the prior year, the firm earned $2.06 earnings per share. Advanced Drainage Systems's revenue for the quarter was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

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

Analyst Upgrades and Downgrades

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