Vest Financial LLC Raises Stake in Advanced Drainage Systems, Inc. $WMS

Key Points

• Vest Financial LLC increased its stake in Advanced Drainage Systems by 44.0% during the second quarter, owning 34,031 shares valued at $3.9 million, according to SEC filings.
• The company reported earnings of $1.95 per share for the last quarter, exceeding expectations and showing a 1.8% revenue increase year-over-year.
• Advanced Drainage Systems recently paid a quarterly dividend of $0.18 per share, with a payout ratio of 13.00% and an annual yield of 0.5%.

Vest Financial LLC boosted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 44.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,031 shares of the construction company's stock after acquiring an additional 10,399 shares during the period. Vest Financial LLC's holdings in Advanced Drainage Systems were worth $3,909,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Louisiana State Employees Retirement System increased its stake in Advanced Drainage Systems by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the construction company's stock valued at $2,286,000 after purchasing an additional 100 shares in the last quarter. US Bancorp DE increased its stake in Advanced Drainage Systems by 5.7% during the 1st quarter. US Bancorp DE now owns 2,017 shares of the construction company's stock valued at $219,000 after purchasing an additional 109 shares in the last quarter. Bessemer Group Inc. increased its stake in Advanced Drainage Systems by 76.2% during the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock valued at $29,000 after purchasing an additional 115 shares in the last quarter. Phoenix Financial Ltd. increased its stake in Advanced Drainage Systems by 5.2% during the 1st quarter. Phoenix Financial Ltd. now owns 2,463 shares of the construction company's stock valued at $269,000 after purchasing an additional 121 shares in the last quarter. Finally, Isthmus Partners LLC increased its stake in Advanced Drainage Systems by 5.5% during the 1st quarter. Isthmus Partners LLC now owns 2,875 shares of the construction company's stock valued at $312,000 after purchasing an additional 150 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Stock Performance

Shares of NYSE WMS opened at $135.54 on Tuesday. The firm has a 50 day moving average of $140.22 and a 200 day moving average of $122.47. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $10.54 billion, a price-to-earnings ratio of 24.47, a price-to-earnings-growth ratio of 1.80 and a beta of 1.32. 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 announced its earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.17. The company 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 firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors 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 was Friday, August 29th. Advanced Drainage Systems's payout ratio is 13.00%.

Analyst Upgrades and Downgrades

WMS has been the subject of a number of analyst reports. Royal Bank Of Canada assumed 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 objective for the company. UBS Group reiterated a "buy" rating and issued a $167.00 price target (up from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Weiss Ratings reiterated a "hold (c)" rating on shares of Advanced Drainage Systems in a research note on Wednesday, October 8th. Robert W. Baird set a $166.00 price target on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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