SG Americas Securities LLC Has $1.84 Million Holdings in Advanced Drainage Systems, Inc. $WMS

SG Americas Securities LLC decreased its stake in Advanced Drainage Systems, Inc. (NYSE:WMS) by 24.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,038 shares of the construction company’s stock after selling 5,264 shares during the period. SG Americas Securities LLC’s holdings in Advanced Drainage Systems were worth $1,842,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in shares of Advanced Drainage Systems by 11.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 70,705 shares of the construction company’s stock worth $7,682,000 after purchasing an additional 7,165 shares during the period. Allianz Asset Management GmbH increased its stake in Advanced Drainage Systems by 2.6% during the first quarter. Allianz Asset Management GmbH now owns 560,688 shares of the construction company’s stock valued at $60,919,000 after acquiring an additional 14,472 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Advanced Drainage Systems in the 1st quarter valued at approximately $7,675,000. Cetera Investment Advisers raised its holdings in Advanced Drainage Systems by 11.3% in the 1st quarter. Cetera Investment Advisers now owns 15,345 shares of the construction company’s stock valued at $1,667,000 after acquiring an additional 1,554 shares in the last quarter. Finally, Phoenix Financial Ltd. lifted its position in shares of Advanced Drainage Systems by 5.2% in the 1st quarter. Phoenix Financial Ltd. now owns 2,463 shares of the construction company’s stock worth $269,000 after acquiring an additional 121 shares during the period. Institutional investors own 89.83% of the company’s stock.

Insider Buying and Selling

In other Advanced Drainage Systems news, insider Tim A. Makowski sold 4,901 shares of Advanced Drainage Systems stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $149.21, for a total value of $731,278.21. Following the completion of the transaction, the insider owned 2,467 shares in the company, valued at approximately $368,101.07. The trade was a 66.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas J. Sr. Waun sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $150.00, for a total value of $150,000.00. Following the completion of the transaction, the executive vice president directly owned 14,970 shares in the company, valued at approximately $2,245,500. This represents a 6.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 87,203 shares of company stock worth $12,990,384 in the last three months. Insiders own 1.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WMS shares. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a research note on Wednesday, October 8th. UBS Group reissued a “buy” rating and issued a $167.00 price target (up previously from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Oppenheimer reaffirmed an “outperform” rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Wall Street Zen raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Barclays increased their price target on shares of Advanced Drainage Systems from $160.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.56.

Advanced Drainage Systems Stock Up 1.0%

Shares of NYSE:WMS opened at $143.48 on Thursday. The company’s fifty day moving average is $141.67 and its 200-day moving average is $129.25. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22. Advanced Drainage Systems, Inc. has a 52 week low of $93.92 and a 52 week high of $153.25. The company has a market capitalization of $11.16 billion, a PE ratio of 25.90, a P/E/G ratio of 1.88 and a beta of 1.33.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.27. The business had revenue of $850.38 million during the quarter, compared to analysts’ expectations of $802.49 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $1.70 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Advanced Drainage Systems’s payout ratio is presently 12.29%.

About Advanced Drainage Systems

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.