1832 Asset Management L.P. Boosts Stake in Advanced Drainage Systems, Inc. $WMS

Key Points

• 1832 Asset Management L.P. increased its stake in Advanced Drainage Systems by 13.6%, owning 23,563 shares valued at approximately $2.56 million.
• Analysts have provided mixed ratings for the stock, with the average consensus being a "Moderate Buy" and a price target of $152.56.
• Advanced Drainage Systems reported a quarterly earnings per share of $1.95, exceeding expectations and showing a year-over-year revenue growth of 1.8%.

1832 Asset Management L.P. grew its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 13.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,563 shares of the construction company's stock after buying an additional 2,818 shares during the period. 1832 Asset Management L.P.'s holdings in Advanced Drainage Systems were worth $2,560,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NBC Securities Inc. acquired a new stake in shares of Advanced Drainage Systems in the first quarter worth $26,000. Bessemer Group Inc. increased its stake in shares of Advanced Drainage Systems by 76.2% in the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock worth $29,000 after acquiring an additional 115 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Advanced Drainage Systems in the first quarter worth $66,000. Mascagni Wealth Management Inc. acquired a new stake in shares of Advanced Drainage Systems in the fourth quarter worth $74,000. Finally, Signaturefd LLC increased its stake in shares of Advanced Drainage Systems by 110.7% in the first quarter. Signaturefd LLC now owns 670 shares of the construction company's stock worth $73,000 after acquiring an additional 352 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

Analysts Set New Price Targets

WMS has been the topic of a number of research reports. 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. Royal Bank Of Canada initiated coverage on shares of Advanced Drainage Systems in a research note on Monday, August 11th. They issued an "outperform" rating and a $159.00 price objective on the stock. UBS Group reiterated a "buy" rating and issued a $167.00 price objective (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 note on Friday, August 8th. Finally, Loop Capital cut their price objective on shares of Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $152.56.

Advanced Drainage Systems Stock Up 5.0%

WMS stock opened at $147.4060 on Monday. The firm has a market cap of $11.46 billion, a PE ratio of 26.61, a P/E/G ratio of 1.96 and a beta of 1.27. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22. The firm's fifty day moving average is $121.65 and its 200 day moving average is $115.62. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year high of $166.03.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The construction company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.78 by $0.17. The company had revenue of $829.88 million for the quarter, compared to analyst estimates of $800.54 million. Advanced Drainage Systems had a net margin of 14.82% and a return on equity of 29.57%. The firm's revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business earned $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.18 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. Advanced Drainage Systems's dividend payout ratio (DPR) is 13.00%.

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.

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