Janney Montgomery Scott LLC Acquires 1,093 Shares of Advanced Drainage Systems, Inc. $WMS

Janney Montgomery Scott LLC increased its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 0.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 172,315 shares of the construction company’s stock after purchasing an additional 1,093 shares during the period. Janney Montgomery Scott LLC’s holdings in Advanced Drainage Systems were worth $19,792,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of WMS. NBC Securities Inc. bought a new position in Advanced Drainage Systems in the 1st quarter worth approximately $26,000. Bessemer Group Inc. boosted its holdings in 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 buying an additional 115 shares during the period. Parallel Advisors LLC boosted its holdings in 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 buying an additional 275 shares during the period. Banque Cantonale Vaudoise bought a new position in Advanced Drainage Systems in the 1st quarter worth approximately $66,000. Finally, Signaturefd LLC boosted its holdings in 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 buying an additional 352 shares during the period. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Price Performance

Shares of WMS opened at $142.52 on Friday. The company has a market capitalization of $11.08 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 1.89 and a beta of 1.32. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average of $137.11 and a 200 day moving average of $120.94. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $166.03.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results 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. 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 quarter last year, the firm earned $2.06 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, equities research analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.18 dividend. 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 13.00%.

Wall Street Analyst Weigh In

Several research firms recently commented on WMS. Wall Street Zen raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group reissued a “buy” rating and issued a $167.00 price target (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Barclays raised their price target on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 8th. KeyCorp raised their price target on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Finally, Robert W. Baird set a $166.00 price target 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 one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.56.

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.