Nissay Asset Management Corp Japan ADV Buys 123,379 Shares of Advanced Drainage Systems, Inc. $WMS

Key Points

• Nissay Asset Management Corp Japan ADV increased its holdings in Advanced Drainage Systems by 160.9% during the first quarter, owning approximately $21.74 million worth of shares by acquiring an additional 123,379 shares.
• The construction company's stock price experienced a 1.6% increase recently, with a current trading price of $144.20 and a market cap of $11.21 billion.
• Advanced Drainage Systems declared a quarterly dividend of $0.18 per share, translating to an annual yield of 0.5%, with a Dividend Payout Ratio (DPR) of 13.00%.

Nissay Asset Management Corp Japan ADV increased its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 160.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,074 shares of the construction company's stock after acquiring an additional 123,379 shares during the quarter. Nissay Asset Management Corp Japan ADV owned about 0.26% of Advanced Drainage Systems worth $21,738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its position in shares of Advanced Drainage Systems by 5.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 48,371 shares of the construction company's stock worth $5,592,000 after acquiring an additional 2,591 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Advanced Drainage Systems during the fourth quarter valued at $613,000. Ameriprise Financial Inc. boosted its holdings in shares of Advanced Drainage Systems by 100.9% during the 4th quarter. Ameriprise Financial Inc. now owns 675,649 shares of the construction company's stock valued at $78,094,000 after buying an additional 339,329 shares in the last quarter. Crestline Management LP bought a new stake in shares of Advanced Drainage Systems during the 4th quarter valued at $537,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Advanced Drainage Systems by 59.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 14,231 shares of the construction company's stock worth $1,645,000 after buying an additional 5,300 shares during the period. Institutional investors own 89.83% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on WMS. KeyCorp boosted their price objective on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Loop Capital cut their price objective on shares of Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. Royal Bank Of Canada initiated coverage on Advanced Drainage Systems in a report on Monday, August 11th. They issued an "outperform" rating and a $159.00 target price for the company. Oppenheimer restated an "outperform" rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Finally, Robert W. Baird set a $166.00 price objective on 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $152.56.

Advanced Drainage Systems Price Performance

WMS stock traded up $0.62 during trading on Wednesday, reaching $138.82. The company's stock had a trading volume of 497,744 shares, compared to its average volume of 723,849. The company's fifty day moving average is $128.58 and its 200-day moving average is $117.43. 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 capitalization of $10.79 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 1.97 and a beta of 1.26. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.17. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The firm had revenue of $829.88 million during the quarter, compared to analyst estimates of $800.54 million. During the same quarter in the prior year, the business earned $2.06 earnings per share. Advanced Drainage Systems'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. On average, 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 disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, August 29th. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. Advanced Drainage Systems's payout ratio is 13.00%.

About Advanced Drainage Systems

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.