2,241 Shares in Advanced Drainage Systems, Inc. $WMS Purchased by Versor Investments LP

Key Points

• Versor Investments LP has invested approximately $243,000 in Advanced Drainage Systems, acquiring 2,241 shares in the company during the first quarter.
• Advanced Drainage Systems recently announced a quarterly dividend of $0.18 per share, representing an annualized yield of 0.5%.
• Analysts have a consensus rating of "Moderate Buy" for Advanced Drainage Systems, with a price target of approximately $152.56.

Versor Investments LP acquired a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,241 shares of the construction company's stock, valued at approximately $243,000.

Other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Advanced Drainage Systems by 63.2% during the 4th 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 valued at $238,659,000 after purchasing an additional 799,569 shares during the period. T. Rowe Price Investment Management Inc. purchased a new position in shares of Advanced Drainage Systems in the fourth quarter worth approximately $46,997,000. Impax Asset Management Group plc grew its position in 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 valued at $314,700,000 after buying an additional 374,414 shares during the period. Voloridge Investment Management LLC bought a new stake in Advanced Drainage Systems during the fourth quarter valued at approximately $42,160,000. Finally, Ameriprise Financial Inc. increased its holdings in Advanced Drainage Systems by 100.9% during the fourth quarter. Ameriprise Financial Inc. now owns 675,649 shares of the construction company's stock valued at $78,094,000 after buying an additional 339,329 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Wall Street Analysts Forecast Growth

WMS has been the topic of several analyst reports. KeyCorp lifted their price target on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Oppenheimer reiterated an "outperform" rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Loop Capital reduced their price target on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating for the company in a research report on Friday, May 16th. 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 objective on the stock. Finally, Wall Street Zen upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $152.56.

Advanced Drainage Systems Price Performance

WMS traded down $2.23 on Thursday, hitting $143.69. 102,342 shares of the company's stock traded hands, compared to its average volume of 716,390. The company's 50 day simple moving average is $123.54 and its 200-day simple moving average is $116.21. 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, Inc. has a one year low of $93.92 and a one year high of $166.03. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 25.99, a P/E/G ratio of 1.93 and a beta of 1.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $829.88 million during the quarter, compared to analyst estimates 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 revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm posted $2.06 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid 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 is Friday, August 29th. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 13.00%.

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.