Raymond James Financial Inc. Raises Position in Advanced Drainage Systems, Inc. $WMS

Key Points

• Raymond James Financial Inc. significantly increased its stake in Advanced Drainage Systems, Inc. by 129.8% during Q1, owning 40,257 shares worth approximately $4.37 million.
• The company reported a quarterly EPS of $1.95, surpassing estimates, with a revenue of $829.88 million, reflecting a year-over-year increase.
• Advanced Drainage Systems announced a quarterly dividend of $0.18 per share, with a payout ratio of 13%, scheduled for payment on September 15th.

Raymond James Financial Inc. increased its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 129.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,257 shares of the construction company's stock after buying an additional 22,737 shares during the quarter. Raymond James Financial Inc. owned about 0.05% of Advanced Drainage Systems worth $4,374,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WMS. NBC Securities Inc. acquired a new position in shares of Advanced Drainage Systems in the 1st quarter valued at about $26,000. Bessemer Group Inc. lifted its holdings 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 acquiring an additional 115 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Advanced Drainage Systems in the 1st quarter worth approximately $66,000. Signaturefd LLC grew its stake in shares of Advanced Drainage Systems by 110.7% during the 1st quarter. Signaturefd LLC now owns 670 shares of the construction company's stock worth $73,000 after purchasing an additional 352 shares during the period. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of Advanced Drainage Systems during the 4th quarter valued at approximately $74,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. KeyCorp increased their price objective on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Royal Bank Of Canada started coverage on shares of Advanced Drainage Systems in a research note on Monday, August 11th. They set an "outperform" rating and a $159.00 price target on the stock. UBS Group reiterated a "buy" rating and issued a $167.00 price target (up previously from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, Loop Capital dropped their price objective on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a report on Friday, May 16th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $152.56.

Advanced Drainage Systems Price Performance

Shares of WMS stock traded down $10.10 during trading hours on Tuesday, hitting $138.40. The company's stock had a trading volume of 1,948,804 shares, compared to its average volume of 725,411. The business has a fifty day moving average of $128.20 and a 200-day moving average of $117.28. The stock has a market cap of $10.76 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 1.97 and a beta of 1.26. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $166.03. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82.

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, topping analysts' consensus estimates of $1.78 by $0.17. The business had revenue of $829.88 million during the quarter, compared to the consensus estimate of $800.54 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The company's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

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