Vontobel Holding Ltd. Reduces Holdings in Advanced Drainage Systems, Inc. $WMS

Key Points

• Vontobel Holding Ltd. lowered its stake in Advanced Drainage Systems, Inc. by 20.9%, selling 5,716 shares, leaving them with 21,696 shares valued at approximately $2.49 million.
• Institutional investors own approximately 89.83% of the shares, with notable increases in holdings from firms like Vanguard Group and UBS AM.
• Advanced Drainage Systems reported quarterly earnings of $1.95 EPS, exceeding expectations, while also declaring a quarterly dividend of $0.18 per share.

Vontobel Holding Ltd. decreased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 20.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 21,696 shares of the construction company's stock after selling 5,716 shares during the period. Vontobel Holding Ltd.'s holdings in Advanced Drainage Systems were worth $2,492,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Advanced Drainage Systems by 2.8% in the first quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company's stock worth $818,905,000 after buying an additional 204,826 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Advanced Drainage Systems by 50.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,114,224 shares of the construction company's stock valued at $338,360,000 after acquiring an additional 1,049,697 shares during the period. Impax Asset Management Group plc increased its position in shares of Advanced Drainage Systems by 14.8% in the 1st quarter. Impax Asset Management Group plc now owns 2,904,414 shares of the construction company's stock valued at $314,700,000 after acquiring an additional 374,414 shares during the period. Invesco Ltd. increased its position in shares of Advanced Drainage Systems by 2.7% in the 1st quarter. Invesco Ltd. now owns 1,734,537 shares of the construction company's stock valued at $188,457,000 after acquiring an additional 45,993 shares during the period. Finally, Amundi grew its stake in Advanced Drainage Systems by 38.2% during the 1st quarter. Amundi now owns 1,181,199 shares of the construction company's stock valued at $127,223,000 after purchasing an additional 326,435 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS opened at $133.86 on Friday. The firm's 50 day simple moving average is $139.77 and its 200-day simple moving average is $122.20. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $166.03. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 1.80 and a beta of 1.32. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.78 by $0.17. The firm had revenue of $829.88 million for 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 firm's quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Advanced Drainage Systems's payout ratio is currently 13.00%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays boosted their price target on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Royal Bank Of Canada began coverage on shares of Advanced Drainage Systems in a research report on Monday, August 11th. They set an "outperform" rating and a $159.00 price target for the company. Weiss Ratings reissued a "hold (c)" rating on shares of Advanced Drainage Systems in a research report on Wednesday. Robert W. Baird set a $166.00 price objective on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, 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 note on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $152.56.

Advanced Drainage Systems Company 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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