Northwest & Ethical Investments L.P. Sells 12,002 Shares of Advanced Drainage Systems, Inc. $WMS

Key Points

• Northwest & Ethical Investments L.P. reduced its stake in Advanced Drainage Systems, Inc. by 47.1% during the first quarter, now holding 13,504 shares worth approximately $1,467,000.
• Advanced Drainage Systems recently announced a quarterly dividend of $0.18 per share, reflecting a 0.5% yield and a dividend payout ratio of 13.00%.
• Analysts have set a consensus rating of "Moderate Buy" for Advanced Drainage Systems, with an average target price of $152.56.

Northwest & Ethical Investments L.P. reduced its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 47.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,504 shares of the construction company's stock after selling 12,002 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Advanced Drainage Systems were worth $1,467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in WMS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Advanced Drainage Systems by 63.2% during 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 purchasing an additional 799,569 shares during the last quarter. T. Rowe Price Investment Management Inc. bought a new stake in shares of Advanced Drainage Systems during the fourth quarter worth about $46,997,000. Impax Asset Management Group plc grew its holdings in shares of Advanced Drainage Systems by 14.8% during 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 bought a new stake in shares of Advanced Drainage Systems during the fourth quarter worth about $42,160,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Advanced Drainage Systems by 100.9% during 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. 89.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Robert W. Baird set a $166.00 price target on Advanced Drainage Systems in a report on Friday, August 8th. Oppenheimer reiterated an "outperform" rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Royal Bank Of Canada assumed coverage on Advanced Drainage Systems in a report on Monday, August 11th. They issued an "outperform" rating and a $159.00 target price on the stock. UBS Group reiterated a "buy" rating and issued a $167.00 target price (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Finally, Barclays upped their target price on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $152.56.

Advanced Drainage Systems Trading Up 5.0%

WMS traded up $6.9660 during trading on Friday, hitting $147.4060. The company's stock had a trading volume of 1,351,178 shares, compared to its average volume of 991,036. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $166.03. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82. The stock's fifty day moving average price is $121.65 and its 200-day moving average price is $115.62. The firm has a market capitalization of $11.46 billion, a P/E ratio of 26.61, a PEG ratio of 1.96 and a beta of 1.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $829.88 million for the quarter, compared to analyst estimates of $800.54 million. During the same period in the previous year, the firm earned $2.06 earnings per share. The company's revenue was up 1.8% compared to the same quarter last year. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

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. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, August 29th. Advanced Drainage Systems's dividend payout ratio is 13.00%.

Advanced Drainage Systems Company 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.