ELCO Management Co. LLC Purchases 549 Shares of Advanced Drainage Systems, Inc. $WMS

ELCO Management Co. LLC increased its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 11.0% in the second quarter, Holdings Channel.com reports. The fund owned 5,544 shares of the construction company’s stock after acquiring an additional 549 shares during the quarter. ELCO Management Co. LLC’s holdings in Advanced Drainage Systems were worth $637,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. lifted its position in Advanced Drainage Systems by 76.2% during the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company’s stock valued at $29,000 after purchasing an additional 115 shares during the last quarter. Parallel Advisors LLC lifted its position in Advanced Drainage Systems by 177.4% during the second quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock valued at $49,000 after purchasing an additional 275 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in Advanced Drainage Systems during the first quarter valued at approximately $66,000. Signaturefd LLC lifted its position in Advanced Drainage Systems by 110.7% during the first quarter. Signaturefd LLC now owns 670 shares of the construction company’s stock valued at $73,000 after purchasing an additional 352 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Advanced Drainage Systems by 167.1% during the first quarter. GAMMA Investing LLC now owns 812 shares of the construction company’s stock valued at $88,000 after purchasing an additional 508 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Stock Down 1.2%

Shares of NYSE WMS opened at $141.08 on Wednesday. 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 52 week low of $93.92 and a 52 week high of $166.03. The firm’s fifty day moving average is $142.00 and its 200 day moving average is $125.37. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 25.47, a PEG ratio of 1.92 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 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned $2.06 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders 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 of this dividend was Friday, August 29th. Advanced Drainage Systems’s payout ratio is presently 13.00%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. 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. Barclays lifted their target price on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Robert W. Baird set a $166.00 target price on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Royal Bank Of Canada assumed coverage on shares of Advanced Drainage Systems in a report on Monday, August 11th. They issued an “outperform” rating and a $159.00 price objective for the company. Finally, Oppenheimer restated an “outperform” rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.