Nuveen LLC Makes New $17.78 Million Investment in Advanced Drainage Systems, Inc. $WMS

Key Points

• Nuveen LLC acquired a stake worth approximately $17.78 million in Advanced Drainage Systems, purchasing 163,670 shares in the first quarter, which represents about 0.21% ownership of the company.
• Research analysts have issued positive ratings and increased price targets for Advanced Drainage Systems, with Barclays raising the target from $135.00 to $160.00 and a consensus rating of "Moderate Buy."
• The company reported $1.95 earnings per share for the most recent quarter, exceeding expectations and reflecting a 14.82% net margin and a 1.8% year-over-year revenue growth.

Nuveen LLC bought a new stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 163,670 shares of the construction company's stock, valued at approximately $17,783,000. Nuveen LLC owned about 0.21% of Advanced Drainage Systems as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in Advanced Drainage Systems in the first quarter valued at $26,000. Bessemer Group Inc. lifted its stake in Advanced Drainage Systems by 76.2% in the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock valued at $29,000 after buying an additional 115 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Advanced Drainage Systems in the first quarter valued at $66,000. Mascagni Wealth Management Inc. bought a new stake in Advanced Drainage Systems in the fourth quarter valued at $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 during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Price Performance

Advanced Drainage Systems stock traded down $2.0070 during trading hours on Monday, hitting $145.2830. 715,682 shares of the company traded hands, compared to its average volume of 991,036. The firm has a market cap of $11.30 billion, a P/E ratio of 26.22, a P/E/G ratio of 1.96 and a beta of 1.27. 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 firm's 50-day simple moving average is $122.24 and its two-hundred day simple moving average is $115.79. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $166.03.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its 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. 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 for the quarter, compared to analysts' expectations of $800.54 million. During the same quarter last year, the company earned $2.06 EPS. Advanced Drainage Systems's quarterly revenue was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $0.18 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.72 annualized dividend and a yield of 0.5%. Advanced Drainage Systems's payout ratio is 13.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WMS shares. Robert W. Baird set a $166.00 target price on Advanced Drainage Systems in a research note on Friday, August 8th. KeyCorp raised 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. 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 research note on Friday, August 8th. Oppenheimer reissued an "outperform" rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Finally, Barclays upped their price objective on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company 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.