Intech Investment Management LLC Buys 23,556 Shares of Advanced Drainage Systems, Inc. $WMS

Key Points

• Intech Investment Management LLC significantly increased its stake in Advanced Drainage Systems by 482.8%, acquiring an additional 23,556 shares, resulting in a total of 28,435 shares valued at approximately $3.09 million.
• The company declared a quarterly dividend of $0.18 per share, with a dividend yield of 0.5%, contributing to a total annualized dividend of $0.72.
• Analysts have raised their target prices for Advanced Drainage Systems, with Barclays upgrading its target from $135 to $160 and seven analysts rating the stock as a "Buy."

Intech Investment Management LLC increased its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 482.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,435 shares of the construction company's stock after buying an additional 23,556 shares during the quarter. Intech Investment Management LLC's holdings in Advanced Drainage Systems were worth $3,089,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Advanced Drainage Systems by 2.8% in the first quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company's stock worth $818,905,000 after buying an additional 204,826 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Advanced Drainage Systems by 50.8% in the first 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 worth $338,360,000 after buying an additional 1,049,697 shares during the last quarter. Impax Asset Management Group plc lifted its position in Advanced Drainage Systems by 14.8% in the first quarter. Impax Asset Management Group plc now owns 2,904,414 shares of the construction company's stock worth $314,700,000 after buying an additional 374,414 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Advanced Drainage Systems by 63.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,064,527 shares of the construction company's stock worth $238,659,000 after buying an additional 799,569 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Advanced Drainage Systems by 2.7% in the first quarter. Invesco Ltd. now owns 1,734,537 shares of the construction company's stock worth $188,457,000 after buying an additional 45,993 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Stock Performance

Shares of Advanced Drainage Systems stock opened at $141.58 on Friday. The firm has a market cap of $11.01 billion, a P/E ratio of 25.56, a P/E/G ratio of 1.95 and a beta of 1.26. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $166.03. The stock's fifty day moving average price is $130.04 and its 200-day moving average price is $118.03.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The construction company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.78 by $0.17. The firm had revenue of $829.88 million for the quarter, compared to analyst estimates of $800.54 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 annualized dividend and a dividend yield of 0.5%. Advanced Drainage Systems's dividend payout ratio (DPR) is currently 13.00%.

Analyst Ratings Changes

WMS has been the subject of a number of analyst reports. Barclays raised 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. Oppenheimer reiterated an "outperform" rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. 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 note on Friday, August 8th. Robert W. Baird set a $166.00 target price on Advanced Drainage Systems in a research note on Friday, August 8th. Finally, KeyCorp increased their target price on 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $152.56.

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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