Advanced Drainage Systems, Inc. $WMS Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its stake in Advanced Drainage Systems by 2.8%, selling 18,604 shares, leaving it with 646,857 shares valued at approximately $70.3 million as of its latest SEC filing.
• Analysts remain optimistic, with seven giving the stock a Buy rating and an average target price of $152.56, despite mixed rating changes from firms like Loop Capital and Barclays.
• The company recently reported earnings of $1.95 per share, exceeding analysts' expectations, and announced a quarterly dividend of $0.18 per share to be paid on September 15.

Northern Trust Corp decreased its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 2.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 646,857 shares of the construction company's stock after selling 18,604 shares during the period. Northern Trust Corp owned about 0.83% of Advanced Drainage Systems worth $70,281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of WMS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 in the last quarter. Impax Asset Management Group plc grew its holdings 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 purchasing an additional 374,414 shares during the last quarter. Voloridge Investment Management LLC purchased a new position in Advanced Drainage Systems in the fourth quarter worth $42,160,000. Ameriprise Financial Inc. grew its holdings in Advanced Drainage Systems by 100.9% in the fourth quarter. Ameriprise Financial Inc. now owns 675,649 shares of the construction company's stock worth $78,094,000 after purchasing an additional 339,329 shares during the last quarter. Finally, Cercano Management LLC purchased a new position in Advanced Drainage Systems in the fourth quarter worth $29,840,000. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Stock Down 0.9%

WMS stock traded down $1.26 during midday trading on Friday, hitting $144.19. The company's stock had a trading volume of 532,680 shares, compared to its average volume of 718,509. 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, Inc. has a 52-week low of $93.92 and a 52-week high of $166.03. The firm has a market capitalization of $11.21 billion, a P/E ratio of 26.03, a PEG ratio of 1.94 and a beta of 1.27. The firm has a 50-day simple moving average of $124.19 and a 200-day simple moving average of $116.35.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued 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 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%. The firm's revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.06 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.18 dividend. 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 currently 13.00%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on WMS shares. Oppenheimer reaffirmed an "outperform" rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. UBS Group reaffirmed 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. Robert W. Baird set a $166.00 target price on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Barclays increased their target price on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, KeyCorp raised their price target on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Advanced Drainage Systems currently has an average rating of "Moderate Buy" and a consensus 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.