14,643 Shares in Advanced Drainage Systems, Inc. $WMS Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP acquired 14,643 shares of Advanced Drainage Systems, Inc., valued at approximately $1.59 million, during the first quarter.
• Advanced Drainage Systems recently reported $1.95 EPS for the quarter, surpassing analysts’ expectations and showing a 1.8% increase in revenue compared to the same period last year.
• The company declared a quarterly dividend of $0.18, set to be paid on September 15th, resulting in an annualized dividend yield of 0.5%.

Trexquant Investment LP purchased a new stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,643 shares of the construction company's stock, valued at approximately $1,591,000.

Other institutional investors and hedge funds have also modified their holdings of the company. NBC Securities Inc. purchased a new position in shares of Advanced Drainage Systems during the first quarter valued at $26,000. Bessemer Group Inc. grew its holdings in shares of Advanced Drainage Systems by 76.2% during the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock valued at $29,000 after buying an additional 115 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Advanced Drainage Systems during the first quarter valued at $66,000. Signaturefd LLC grew its holdings in shares of Advanced Drainage Systems by 110.7% during the first quarter. Signaturefd LLC now owns 670 shares of the construction company's stock valued at $73,000 after buying an additional 352 shares in the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new position in shares of Advanced Drainage Systems during the fourth quarter valued at $74,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Stock Up 4.4%

Shares of NYSE:WMS traded up $6.14 on Thursday, reaching $147.14. The company had a trading volume of 895,947 shares, compared to its average volume of 853,183. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $166.03. The stock has a 50-day moving average price of $129.59 and a 200 day moving average price of $117.82. The stock has a market capitalization of $11.44 billion, a P/E ratio of 26.56, a P/E/G ratio of 1.87 and a beta of 1.26. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share 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 company had revenue of $829.88 million during the quarter, compared to analysts' expectations of $800.54 million. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The business'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. On average, equities analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm 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 dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Advanced Drainage Systems's payout ratio is currently 13.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WMS. Oppenheimer restated an "outperform" rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. UBS Group restated a "buy" rating and issued a $167.00 target price (up previously from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Royal Bank Of Canada initiated coverage on Advanced Drainage Systems in a research note on Monday, August 11th. They issued an "outperform" rating and a $159.00 target price on the stock. KeyCorp boosted their target price on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Finally, Barclays boosted their target price on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $152.56.

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.