Jupiter Asset Management Ltd. Has $19.71 Million Stock Holdings in Advanced Drainage Systems, Inc. $WMS

Jupiter Asset Management Ltd. lowered its position in Advanced Drainage Systems, Inc. (NYSE:WMS) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,633 shares of the construction company’s stock after selling 3,300 shares during the period. Jupiter Asset Management Ltd.’s holdings in Advanced Drainage Systems were worth $19,714,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its stake in Advanced Drainage Systems by 177.4% in the second quarter. Parallel Advisors LLC now owns 430 shares of the construction company’s stock valued at $49,000 after acquiring an additional 275 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of Advanced Drainage Systems during the 1st quarter valued at about $66,000. Signaturefd LLC grew its position in shares of Advanced Drainage Systems by 110.7% in the 1st 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 period. Creative Financial Designs Inc. ADV increased its stake in Advanced Drainage Systems by 341.6% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 658 shares of the construction company’s stock worth $76,000 after purchasing an additional 509 shares in the last quarter. Finally, Covestor Ltd increased its stake in Advanced Drainage Systems by 169.8% during the 1st quarter. Covestor Ltd now owns 955 shares of the construction company’s stock worth $104,000 after purchasing an additional 601 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Trading Up 2.0%

Advanced Drainage Systems stock opened at $150.80 on Thursday. The company has a market cap of $11.73 billion, a price-to-earnings ratio of 27.22, a P/E/G ratio of 1.88 and a beta of 1.33. The firm has a 50-day moving average of $141.70 and a 200-day moving average of $128.21. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year high of $153.25.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.27. The business had revenue of $850.38 million for the quarter, compared to analyst estimates of $802.49 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.Advanced Drainage Systems’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.70 earnings per share. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st 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 Monday, December 1st. Advanced Drainage Systems’s dividend payout ratio is 12.29%.

Analyst Upgrades and Downgrades

WMS has been the topic of a number of research reports. UBS Group reaffirmed a “buy” rating and issued a $167.00 price target (up previously from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Robert W. Baird set a $166.00 price objective 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. Barclays lifted their price target on Advanced Drainage Systems from $160.00 to $176.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, KeyCorp upped their price objective on Advanced Drainage Systems from $159.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.56.

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.