Raymond James Financial Inc. Increases Holdings in Advanced Drainage Systems, Inc. $WMS

Raymond James Financial Inc. boosted its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 129.8% during the first quarter, Holdings Channel reports. The firm owned 40,257 shares of the construction company’s stock after acquiring an additional 22,737 shares during the quarter. Raymond James Financial Inc.’s holdings in Advanced Drainage Systems were worth $4,374,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of WMS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Advanced Drainage Systems by 63.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,064,527 shares of the construction company’s stock valued at $238,659,000 after buying an additional 799,569 shares during the period. Impax Asset Management Group plc increased its stake in shares of Advanced Drainage Systems by 14.8% during the first 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. Voloridge Investment Management LLC purchased a new position in Advanced Drainage Systems during the 4th quarter valued at $42,160,000. Ameriprise Financial Inc. increased its position in Advanced Drainage Systems by 100.9% during the 4th quarter. Ameriprise Financial Inc. now owns 675,649 shares of the construction company’s stock valued at $78,094,000 after purchasing an additional 339,329 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Advanced Drainage Systems by 27.7% during 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 purchasing an additional 224,015 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

Advanced Drainage Systems stock opened at $148.59 on Friday. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $166.03. The company has a market capitalization of $11.55 billion, a P/E ratio of 26.82, a PEG ratio of 1.92 and a beta of 1.26. The stock’s 50 day moving average is $127.53 and its 200 day moving average is $117.08. 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 (NYSE:WMS) last released its earnings results 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 return on equity of 29.57% and a net margin of 14.82%.The firm had revenue of $829.88 million for the quarter, compared to analysts’ expectations of $800.54 million. During the same period in the prior year, the firm posted $2.06 earnings per share. 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 research analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Advanced Drainage Systems’s dividend payout ratio is 13.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WMS shares. Robert W. Baird set a $166.00 price objective on shares of Advanced Drainage Systems in a research report on Friday, August 8th. UBS Group reiterated a “buy” rating and set a $167.00 price target (up previously from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Oppenheimer reiterated an “outperform” rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Wall Street Zen upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Royal Bank Of Canada assumed coverage on Advanced Drainage Systems in a report on Monday, August 11th. They set an “outperform” rating and a $159.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.