Kayne Anderson Rudnick Investment Management LLC Purchases 13,731 Shares of Advanced Drainage Systems, Inc. $WMS

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in Advanced Drainage Systems by 13.4%, owning 116,516 shares valued at approximately $12.66 million.
• Wall Street analysts are optimistic about the company's stock, with price targets ranging from $159.00 to $167.00 and a general rating of "Moderate Buy."
• Advanced Drainage Systems announced a quarterly dividend of $0.18 per share, representing a 0.5% yield, with dividends set to be paid on September 15th to shareholders of record.

Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 13.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,516 shares of the construction company's stock after acquiring an additional 13,731 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 0.15% of Advanced Drainage Systems worth $12,659,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NBC Securities Inc. bought a new position in Advanced Drainage Systems during the 1st quarter worth approximately $26,000. Bessemer Group Inc. boosted its stake 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. Banque Cantonale Vaudoise bought a new position in Advanced Drainage Systems during the 1st quarter worth approximately $66,000. Mascagni Wealth Management Inc. bought a new position in Advanced Drainage Systems during the 4th quarter worth approximately $74,000. Finally, Signaturefd LLC lifted its stake in Advanced Drainage Systems by 110.7% in the first quarter. Signaturefd LLC now owns 670 shares of the construction company's stock valued at $73,000 after buying an additional 352 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Stock Performance

Shares of NYSE:WMS traded down $1.26 on Friday, hitting $144.19. The company had a trading volume of 532,680 shares, compared to its average volume of 718,509. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $166.03. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 1.94 and a beta of 1.27. The stock has a 50 day moving average price of $124.19 and a 200 day moving average price of $116.35. 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 (NYSE:WMS - Get Free Report) last announced its earnings results 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. The company had revenue of $829.88 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Analysts expect 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 will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Advanced Drainage Systems's dividend payout ratio (DPR) is currently 13.00%.

Analyst Upgrades and Downgrades

WMS has been the topic of a number of research reports. Barclays lifted their price target on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Royal Bank Of Canada initiated coverage on shares of Advanced Drainage Systems in a research note on Monday, August 11th. They issued an "outperform" rating and a $159.00 price target on the stock. Robert W. Baird set a $166.00 price target on shares of Advanced Drainage Systems in a research note on Friday, August 8th. UBS Group reaffirmed a "buy" rating and issued a $167.00 price target (up previously from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, 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. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.