KLP Kapitalforvaltning AS Purchases 500 Shares of Advanced Drainage Systems, Inc. $WMS

KLP Kapitalforvaltning AS lifted its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,500 shares of the construction company’s stock after purchasing an additional 500 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Advanced Drainage Systems were worth $1,780,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. NBC Securities Inc. bought a new position in shares of Advanced Drainage Systems in the 1st quarter worth about $26,000. Bessemer Group Inc. increased its stake 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 worth $29,000 after acquiring an additional 115 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Advanced Drainage Systems by 177.4% in the 2nd quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock worth $49,000 after acquiring an additional 275 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Advanced Drainage Systems in the 1st quarter worth about $66,000. Finally, Signaturefd LLC increased its stake in shares of Advanced Drainage Systems by 110.7% in the 1st quarter. Signaturefd LLC now owns 670 shares of the construction company’s stock worth $73,000 after acquiring an additional 352 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on WMS. KeyCorp lifted their price objective 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. UBS Group reiterated a “buy” rating and set a $167.00 price objective (up previously from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Barclays lifted their price objective 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 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Wednesday, October 8th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.56.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS opened at $133.86 on Monday. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week high of $166.03. The business has a 50-day simple moving average of $139.77 and a two-hundred day simple moving average of $122.28. 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 firm has a market cap of $10.41 billion, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 1.80 and a beta of 1.32.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.17. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The business had revenue of $829.88 million during the quarter, compared to analyst estimates of $800.54 million. During the same quarter in the previous year, the firm earned $2.06 EPS. Advanced Drainage Systems’s revenue was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed 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 yield of 0.5%. The ex-dividend date was Friday, August 29th. Advanced Drainage Systems’s dividend payout ratio is 13.00%.

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.