Swedbank AB Has $52.34 Million Stock Position in Advanced Drainage Systems, Inc. $WMS

Key Points

• Swedbank AB has substantially reduced its holdings in Advanced Drainage Systems, Inc. by 48.4%, owning 455,699 shares after selling 428,090 shares during the second quarter.
• The company reported quarterly earnings of $1.95 per share, which surpassed analysts' expectations of $1.78, with total revenue reaching $829.88 million.
• Advanced Drainage Systems recently declared a quarterly dividend of $0.18 per share, reflecting a 0.5% yield based on an annualized payout of $0.72.

Swedbank AB cut its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 48.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 455,699 shares of the construction company's stock after selling 428,090 shares during the period. Swedbank AB owned about 0.59% of Advanced Drainage Systems worth $52,342,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Advanced Drainage Systems by 76.2% in the 1st 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. Teacher Retirement System of Texas boosted its stake in shares of Advanced Drainage Systems by 97.6% in the 1st quarter. Teacher Retirement System of Texas now owns 10,769 shares of the construction company's stock valued at $1,170,000 after purchasing an additional 5,319 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Advanced Drainage Systems by 15.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 18,914 shares of the construction company's stock worth $2,061,000 after buying an additional 2,559 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Advanced Drainage Systems by 167.1% during the first quarter. GAMMA Investing LLC now owns 812 shares of the construction company's stock valued at $88,000 after purchasing an additional 508 shares in the last quarter. Finally, Vident Advisory LLC boosted its position in Advanced Drainage Systems by 23.0% during the fourth quarter. Vident Advisory LLC now owns 1,907 shares of the construction company's stock worth $220,000 after purchasing an additional 356 shares during the period. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Stock Down 1.1%

Shares of NYSE WMS traded down $1.52 during midday trading on Friday, reaching $143.14. 1,058,856 shares of the company's stock were exchanged, compared to its average volume of 808,633. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22. The stock has a market capitalization of $11.13 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.90 and a beta of 1.26. Advanced Drainage Systems, Inc. has a 52-week low of $93.92 and a 52-week high of $166.03. The business's fifty day moving average price is $132.42 and its two-hundred day moving average price is $119.18.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 29.57% and a net margin of 14.82%.The business's revenue was up 1.8% on a year-over-year basis. 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. 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 announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 29th. Advanced Drainage Systems's dividend payout ratio is presently 13.00%.

Analyst Upgrades and Downgrades

WMS has been the topic of several analyst reports. Robert W. Baird set a $166.00 target price on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Royal Bank Of Canada started coverage on Advanced Drainage Systems in a research note on Monday, August 11th. They issued an "outperform" rating and a $159.00 price target for the company. UBS Group restated a "buy" rating and issued a $167.00 price target (up from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. KeyCorp lifted 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. Finally, Wall Street Zen raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $152.56.

About Advanced Drainage Systems

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.