J. Safra Sarasin Holding AG Has $8.40 Million Stock Holdings in Advanced Drainage Systems, Inc. $WMS

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Advanced Drainage Systems by 6.7%, now owning approximately $8.40 million worth of shares.
• Advanced Drainage Systems reported a quarterly revenue of $829.88 million, surpassing analysts' expectations of $800.54 million, while also achieving an earnings per share (EPS) of $1.95.
• The company announced a quarterly dividend of $0.18 per share, reflecting a dividend yield of 0.5% and a payout ratio of 13%.

J. Safra Sarasin Holding AG trimmed its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 6.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 73,103 shares of the construction company's stock after selling 5,290 shares during the quarter. J. Safra Sarasin Holding AG owned 0.09% of Advanced Drainage Systems worth $8,397,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. PGGM Investments boosted its holdings in shares of Advanced Drainage Systems by 88.8% in the second quarter. PGGM Investments now owns 388,484 shares of the construction company's stock valued at $44,621,000 after buying an additional 182,665 shares during the period. Truist Financial Corp bought a new stake in Advanced Drainage Systems in the 2nd quarter valued at $211,000. Janney Montgomery Scott LLC lifted its position in Advanced Drainage Systems by 0.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 172,315 shares of the construction company's stock valued at $19,792,000 after acquiring an additional 1,093 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Advanced Drainage Systems by 92.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 15,920 shares of the construction company's stock worth $1,827,000 after purchasing an additional 7,655 shares during the period. Finally, Vision Capital Management Inc. increased its holdings in Advanced Drainage Systems by 7.1% during the 2nd quarter. Vision Capital Management Inc. now owns 29,973 shares of the construction company's stock worth $3,443,000 after purchasing an additional 1,985 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Price Performance

Shares of WMS opened at $142.52 on Friday. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. The company's fifty day simple moving average is $137.11 and its 200 day simple moving average is $120.94. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $166.03. The company has a market cap of $11.08 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 1.89 and a beta of 1.32.

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

Advanced Drainage Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group restated a "buy" rating and issued a $167.00 price target (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Royal Bank Of Canada started coverage on Advanced Drainage Systems in a research report on Monday, August 11th. They issued an "outperform" rating and a $159.00 target price on the stock. Wall Street Zen raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Oppenheimer reaffirmed an "outperform" rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, Barclays boosted their price objective on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $152.56.

Advanced Drainage Systems 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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