Park Avenue Securities LLC Buys Shares of 2,927 Advanced Drainage Systems, Inc. $WMS

Key Points

• Park Avenue Securities LLC acquired 2,927 shares of Advanced Drainage Systems, Inc. valued at approximately $336,000 during the 2nd quarter, indicating a growing interest from institutional investors.
• Analysts have raised their price targets for Advanced Drainage Systems, with Barclays and KeyCorp setting new targets of $160.00 and $159.00 respectively, while UBS Group maintains a buy rating with a target of $167.00.
• The company recently reported earnings of $1.95 per share, exceeding analysts' estimates, with a revenue increase of 1.8% year-over-year to $829.88 million.

Park Avenue Securities LLC bought a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,927 shares of the construction company's stock, valued at approximately $336,000.

Several other hedge funds also recently made changes to their positions in WMS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Advanced Drainage Systems by 50.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,114,224 shares of the construction company's stock worth $338,360,000 after purchasing an additional 1,049,697 shares during the last quarter. Impax Asset Management Group plc grew its stake in shares of Advanced Drainage Systems by 14.8% in the 1st 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. Amundi grew its stake in shares of Advanced Drainage Systems by 38.2% in the 1st quarter. Amundi now owns 1,181,199 shares of the construction company's stock worth $127,223,000 after purchasing an additional 326,435 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Advanced Drainage Systems by 27.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,031,682 shares of the construction company's stock worth $112,090,000 after purchasing an additional 224,015 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Advanced Drainage Systems by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company's stock worth $818,905,000 after purchasing an additional 204,826 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on WMS. Barclays lifted their price objective 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. KeyCorp raised their target price on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. UBS Group restated a "buy" rating and set a $167.00 price target (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Wall Street Zen upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Royal Bank Of Canada began coverage on shares of Advanced Drainage Systems in a report on Monday, August 11th. They set an "outperform" rating and a $159.00 price target for the company. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $152.56.

Advanced Drainage Systems Price Performance

NYSE WMS opened at $138.86 on Wednesday. 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 has a market capitalization of $10.80 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 1.83 and a beta of 1.26. The company has a 50 day moving average price of $136.14 and a two-hundred day moving average price of $120.58. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $166.03.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $800.54 million. During the same period in the previous year, the company 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. As a group, equities analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a $0.18 dividend. The ex-dividend date of this dividend was 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 (DPR) is currently 13.00%.

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.

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