Allianz Asset Management GmbH Purchases 27,256 Shares of Advanced Drainage Systems, Inc. $WMS

Allianz Asset Management GmbH lifted its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 4.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 587,944 shares of the construction company’s stock after buying an additional 27,256 shares during the period. Allianz Asset Management GmbH’s holdings in Advanced Drainage Systems were worth $67,531,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Bridges Investment Management Inc. increased its holdings in Advanced Drainage Systems by 49.9% during the 2nd quarter. Bridges Investment Management Inc. now owns 21,162 shares of the construction company’s stock worth $2,431,000 after purchasing an additional 7,040 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its holdings in Advanced Drainage Systems by 15.3% during the 2nd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 239,482 shares of the construction company’s stock worth $27,497,000 after purchasing an additional 31,805 shares in the last quarter. Boston Trust Walden Corp bought a new position in Advanced Drainage Systems during the 2nd quarter worth about $227,000. Vest Financial LLC increased its holdings in Advanced Drainage Systems by 44.0% during the 2nd quarter. Vest Financial LLC now owns 34,031 shares of the construction company’s stock worth $3,909,000 after purchasing an additional 10,399 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Advanced Drainage Systems by 5.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 19,929 shares of the construction company’s stock worth $2,384,000 after purchasing an additional 1,015 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on WMS. KeyCorp increased their target price on Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. UBS Group reiterated a “buy” rating and set a $167.00 target price (up previously from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, October 8th. Oppenheimer restated an “outperform” rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Advanced Drainage Systems has an average rating of “Moderate Buy” and a consensus target price of $152.56.

Advanced Drainage Systems Trading Down 0.6%

Advanced Drainage Systems stock opened at $140.29 on Friday. The firm has a 50-day moving average of $141.40 and a 200-day moving average of $122.95. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year high of $166.03. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25. The company has a market cap of $10.91 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 1.89 and a beta of 1.32.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $800.54 million. During the same period in the prior year, the business posted $2.06 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, equities analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

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

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.