Vision Capital Management Inc. Acquires 1,985 Shares of Advanced Drainage Systems, Inc. $WMS

Key Points

• Vision Capital Management Inc. increased its stake in Advanced Drainage Systems by 7.1%, acquiring 1,985 shares and bringing its total holdings to 29,973 shares worth approximately $3.44 million.
• Advanced Drainage Systems reported earnings per share of $1.95, exceeding consensus estimates, and its revenue for the quarter reached $829.88 million, a 1.8% increase year-over-year.
• The company announced a quarterly dividend of $0.18 per share, contributing to an annualized yield of 0.5%, with a current payout ratio of 13.00%.

Vision Capital Management Inc. boosted its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,973 shares of the construction company's stock after purchasing an additional 1,985 shares during the period. Vision Capital Management Inc.'s holdings in Advanced Drainage Systems were worth $3,443,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of WMS. ProShare Advisors LLC grew its position in shares of Advanced Drainage Systems by 7.3% in the 4th quarter. ProShare Advisors LLC now owns 3,300 shares of the construction company's stock valued at $381,000 after acquiring an additional 224 shares during the period. Two Sigma Investments LP acquired a new position in shares of Advanced Drainage Systems in the 4th quarter valued at approximately $535,000. Vident Advisory LLC raised its position in shares of Advanced Drainage Systems by 23.0% in the 4th quarter. Vident Advisory LLC now owns 1,907 shares of the construction company's stock valued at $220,000 after buying an additional 356 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Advanced Drainage Systems in the 4th quarter valued at approximately $3,641,000. Finally, California State Teachers Retirement System increased its position in Advanced Drainage Systems by 3.9% during the 4th quarter. California State Teachers Retirement System now owns 68,651 shares of the construction company's stock worth $7,936,000 after purchasing an additional 2,601 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Stock Down 1.7%

Advanced Drainage Systems stock opened at $135.86 on Friday. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $166.03. The firm's fifty day moving average is $134.59 and its 200 day moving average is $119.88. The company has a market capitalization of $10.56 billion, a PE ratio of 24.52, a PEG ratio of 1.84 and a beta of 1.26.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released 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 company had revenue of $829.88 million for the quarter, compared to the consensus estimate of $800.54 million. During the same quarter in the previous year, the company earned $2.06 EPS. Advanced Drainage Systems's quarterly 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, sell-side analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Advanced Drainage Systems's payout ratio is presently 13.00%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WMS. 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. Robert W. Baird set a $166.00 target price on shares of Advanced Drainage Systems in a report on Friday, August 8th. UBS Group reissued a "buy" rating and set a $167.00 target price (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Royal Bank Of Canada started coverage on shares of Advanced Drainage Systems in a report on Monday, August 11th. They set an "outperform" rating and a $159.00 target price on the stock. Finally, KeyCorp boosted 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. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.56.

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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