Cercano Management LLC Has $22.60 Million Stock Position in Advanced Drainage Systems, Inc. $WMS

Cercano Management LLC reduced its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 20.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 196,785 shares of the construction company’s stock after selling 51,587 shares during the period. Cercano Management LLC owned 0.25% of Advanced Drainage Systems worth $22,603,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WMS. Vanguard Group Inc. boosted its holdings in Advanced Drainage Systems by 2.8% during the first quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company’s stock valued at $818,905,000 after acquiring an additional 204,826 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Advanced Drainage Systems by 50.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,114,224 shares of the construction company’s stock worth $338,360,000 after purchasing an additional 1,049,697 shares during the last quarter. Impax Asset Management Group plc boosted its stake in Advanced Drainage Systems by 4.8% during the 2nd quarter. Impax Asset Management Group plc now owns 3,043,909 shares of the construction company’s stock valued at $348,709,000 after purchasing an additional 139,495 shares during the period. Invesco Ltd. grew its holdings in Advanced Drainage Systems by 2.7% in the 1st quarter. Invesco Ltd. now owns 1,734,537 shares of the construction company’s stock valued at $188,457,000 after buying an additional 45,993 shares during the last quarter. Finally, Amundi increased its position in Advanced Drainage Systems by 38.2% in the 1st quarter. Amundi now owns 1,181,199 shares of the construction company’s stock worth $127,223,000 after buying an additional 326,435 shares during the period. Institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

WMS has been the subject of several research reports. Royal Bank Of Canada increased their price objective on Advanced Drainage Systems from $158.00 to $168.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, October 8th. Oppenheimer restated an “outperform” rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Robert W. Baird set a $166.00 price objective on shares of Advanced Drainage Systems in a report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.56.

Insider Buying and Selling at Advanced Drainage Systems

In other Advanced Drainage Systems news, EVP Thomas J. Sr. Waun sold 1,000 shares of the company’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 sale, the executive vice president directly owned 14,970 shares in the company, valued at $2,245,500. This represents a 6.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Tim A. Makowski sold 4,901 shares of Advanced Drainage Systems stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $149.21, for a total value of $731,278.21. Following the transaction, the insider directly owned 2,467 shares of the company’s stock, valued at approximately $368,101.07. The trade was a 66.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 87,203 shares of company stock worth $12,990,384 over the last three months. Company insiders own 1.63% of the company’s stock.

Advanced Drainage Systems Price Performance

Shares of Advanced Drainage Systems stock opened at $143.88 on Friday. The firm has a market cap of $11.19 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33. The firm’s 50-day simple moving average is $141.70 and its 200-day simple moving average is $128.67. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $153.25. 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 (NYSE:WMS) last posted its quarterly 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 firm had revenue of $850.38 million during the quarter, compared to analyst estimates of $802.49 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.70 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

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

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.