Fifth Third Bancorp Has $5.49 Million Stake in Advanced Drainage Systems, Inc. $WMS

Key Points

• Fifth Third Bancorp has reduced its stake in Advanced Drainage Systems by 4.1%, owning approximately $5.49 million worth of shares after selling 2,049 shares in the second quarter.
• Recent analyst reports show positive growth forecasts, with price target increases from firms like UBS Group and KeyCorp, setting targets between $159.00 and $167.00.
• Advanced Drainage Systems also announced a quarterly dividend of $0.18 per share, representing a 0.5% annual yield, with a payout ratio of 13%.

Fifth Third Bancorp lowered its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 4.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,818 shares of the construction company's stock after selling 2,049 shares during the period. Fifth Third Bancorp owned about 0.06% of Advanced Drainage Systems worth $5,492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of WMS. NBC Securities Inc. bought a new stake in shares of Advanced Drainage Systems during the first quarter worth about $26,000. Bessemer Group Inc. grew its holdings in Advanced Drainage Systems by 76.2% during the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock worth $29,000 after acquiring an additional 115 shares during the last quarter. Parallel Advisors LLC increased its position in Advanced Drainage Systems by 177.4% in the 2nd 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 period. Banque Cantonale Vaudoise bought a new position in shares of Advanced Drainage Systems during the first quarter valued at $66,000. Finally, Mascagni Wealth Management Inc. bought a new position in shares of Advanced Drainage Systems during the fourth quarter valued at $74,000. Institutional investors and hedge funds own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WMS. Robert W. Baird set a $166.00 price objective on Advanced Drainage Systems in a report on Friday, August 8th. KeyCorp upped their price target on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Royal Bank Of Canada assumed coverage on Advanced Drainage Systems in a research report on Monday, August 11th. They set an "outperform" rating and a $159.00 price objective for the company. 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. Finally, Oppenheimer restated an "outperform" rating on shares of Advanced Drainage Systems in a report 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $152.56.

Advanced Drainage Systems Price Performance

Shares of WMS opened at $135.86 on Friday. The firm has a market cap of $10.56 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.26. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week high of $166.03. The business's 50 day moving average price is $134.59 and its two-hundred day moving average price is $119.88. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22.

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 for the quarter, beating the consensus estimate of $1.78 by $0.17. The company 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%. Advanced Drainage Systems's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.06 EPS. 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 business also recently disclosed 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 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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