Advanced Drainage Systems, Inc. $WMS Shares Sold by TD Asset Management Inc

TD Asset Management Inc lowered its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 6.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 428,454 shares of the construction company’s stock after selling 31,532 shares during the period. TD Asset Management Inc owned approximately 0.55% of Advanced Drainage Systems worth $49,212,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake 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 buying an additional 1,049,697 shares during the period. Impax Asset Management Group plc boosted its stake 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 buying an additional 374,414 shares during the period. Amundi boosted its stake in shares of Advanced Drainage Systems by 38.2% in the 1st quarter. Amundi now owns 1,181,199 shares of the construction company’s stock valued at $127,223,000 after buying an additional 326,435 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Advanced Drainage Systems by 27.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,031,682 shares of the construction company’s stock valued at $112,090,000 after buying an additional 224,015 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Advanced Drainage Systems by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company’s stock valued at $818,905,000 after buying an additional 204,826 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

WMS stock opened at $141.34 on Thursday. The company has a market capitalization of $10.99 billion, a P/E ratio of 25.51, a PEG ratio of 1.90 and a beta of 1.32. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $166.03. The business has a 50 day simple moving average of $141.26 and a 200-day simple moving average of $122.73. 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 (NYSE:WMS) last posted its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.17. The business had revenue of $829.88 million during the quarter, compared to the consensus estimate of $800.54 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, equities 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 disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.72 annualized dividend and a yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio is currently 13.00%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WMS. Barclays raised 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. Robert W. Baird set a $166.00 price target on Advanced Drainage Systems 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 issued an “outperform” rating and a $159.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Wednesday, October 8th. Finally, UBS Group restated 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. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.