Fiduciary Alliance LLC Invests $203,000 in Advanced Drainage Systems, Inc. $WMS

Key Points

• Fiduciary Alliance LLC has acquired a new position in Advanced Drainage Systems, Inc. (NYSE: WMS) by purchasing 1,765 shares valued at approximately $203,000.
• A variety of hedge funds have increased their holdings in Advanced Drainage Systems, with notable increases including a 1,377% rise from Foresight Group and 482.8% from Intech Investment Management.
• Recent analyst ratings for Advanced Drainage Systems are positive, with seven analysts giving it a Buy rating and an average target price of $152.56.

Fiduciary Alliance LLC acquired a new position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,765 shares of the construction company's stock, valued at approximately $203,000.

A number of other hedge funds have also recently made changes to their positions in the business. Lifestyle Asset Management Inc. lifted its holdings in shares of Advanced Drainage Systems by 16.6% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 9,572 shares of the construction company's stock worth $1,099,000 after acquiring an additional 1,360 shares during the last quarter. Parallel Advisors LLC raised its holdings in Advanced Drainage Systems by 177.4% during the 2nd quarter. Parallel Advisors LLC now owns 430 shares of the construction company's stock valued at $49,000 after buying an additional 275 shares during the last quarter. Foresight Group Ltd Liability Partnership raised its holdings in Advanced Drainage Systems by 1,377.0% during the 1st quarter. Foresight Group Ltd Liability Partnership now owns 115,622 shares of the construction company's stock valued at $12,559,000 after buying an additional 107,794 shares during the last quarter. Intech Investment Management LLC raised its holdings in Advanced Drainage Systems by 482.8% during the 1st quarter. Intech Investment Management LLC now owns 28,435 shares of the construction company's stock valued at $3,089,000 after buying an additional 23,556 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Advanced Drainage Systems by 50.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,114,224 shares of the construction company's stock valued at $338,360,000 after purchasing an additional 1,049,697 shares during the period. 89.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Robert W. Baird set a $166.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Wall Street Zen raised shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays lifted their price objective on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Oppenheimer restated an "outperform" rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, UBS Group reiterated a "buy" rating and issued a $167.00 target price (up previously from $146.00) 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 company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $152.56.

Advanced Drainage Systems Price Performance

WMS opened at $143.14 on Friday. The firm has a market capitalization of $11.13 billion, a P/E ratio of 25.84, a PEG ratio of 1.92 and a beta of 1.26. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $166.03. 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 stock has a fifty day moving average of $132.42 and a 200-day moving average of $119.13.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $829.88 million during the quarter, compared to analysts' expectations of $800.54 million. During the same quarter last year, the firm earned $2.06 earnings per share. The business'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. Equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were 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 was Friday, August 29th. Advanced Drainage Systems's dividend payout ratio (DPR) is 13.00%.

Advanced Drainage Systems Company 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.

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