Nissay Asset Management Corp Japan ADV Boosts Stake in 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 raised its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 160.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 200,074 shares of the construction company's stock after buying 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.

Other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in Advanced Drainage Systems during the first quarter worth about $26,000. Bessemer Group Inc. lifted its stake in Advanced Drainage Systems by 76.2% during the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock worth $29,000 after purchasing an additional 115 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Advanced Drainage Systems during the first quarter worth about $66,000. Mascagni Wealth Management Inc. bought a new stake in Advanced Drainage Systems during the fourth quarter worth about $74,000. Finally, Signaturefd LLC lifted its stake in Advanced Drainage Systems by 110.7% during the first quarter. Signaturefd LLC now owns 670 shares of the construction company's stock worth $73,000 after purchasing an additional 352 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Trading Up 3.1%

WMS traded up $4.53 during midday trading on Friday, reaching $148.59. 707,684 shares of the company's stock traded hands, compared to its average volume of 825,242. The firm has a fifty day moving average of $127.53 and a two-hundred day moving average of $117.05. The stock has a market capitalization of $11.55 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 1.97 and a beta of 1.26. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $166.03.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The construction company reported $1.95 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.17. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The business 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 company posted $2.06 EPS. Advanced Drainage Systems's quarterly revenue was up 1.8% compared to the same quarter last year. 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 earnings per share for the current fiscal 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 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 dividend yield of 0.5%. Advanced Drainage Systems's dividend payout ratio is 13.00%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on WMS. Wall Street Zen raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Robert W. Baird set a $166.00 price target on Advanced Drainage Systems in a research note on Friday, August 8th. Royal Bank Of Canada began coverage on Advanced Drainage Systems in a research note on Monday, August 11th. They set an "outperform" rating and a $159.00 price target for the company. KeyCorp boosted their target price on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, Oppenheimer reissued an "outperform" rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $152.56.

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.