Adage Capital Partners GP L.L.C. Sells 70,000 Shares of Advanced Drainage Systems, Inc. $WMS

Adage Capital Partners GP L.L.C. lowered its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 56.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,000 shares of the construction company's stock after selling 70,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.07% of Advanced Drainage Systems worth $5,976,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. NBC Securities Inc. acquired a new position in shares of Advanced Drainage Systems in the first quarter valued at about $26,000. Bessemer Group Inc. lifted its position 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 valued at $29,000 after acquiring an additional 115 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Advanced Drainage Systems in the first quarter valued at approximately $66,000. Signaturefd LLC lifted its position 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 valued at $73,000 after acquiring 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 4th quarter worth $74,000. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Stock Down 2.5%

Shares of NYSE:WMS traded down $3.66 during mid-day trading on Friday, hitting $143.12. 192,071 shares of the company traded hands, compared to its average volume of 726,169. The firm has a market cap of $11.13 billion, a P/E ratio of 25.86, a PEG ratio of 1.87 and a beta of 1.26. The firm's 50 day simple moving average is $129.59 and its 200 day simple moving average is $117.82. 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, Inc. has a 52-week low of $93.92 and a 52-week high of $166.03.

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 (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 company had revenue of $829.88 million during the quarter, compared to analyst estimates of $800.54 million. During the same quarter in the previous year, the firm posted $2.06 EPS. The firm'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 analysts anticipate 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. 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 is Friday, August 29th. Advanced Drainage Systems's dividend payout ratio (DPR) is 13.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Barclays boosted their target price on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Oppenheimer reaffirmed an "outperform" rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Loop Capital dropped their price objective on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a report on Friday, May 16th. Finally, KeyCorp upped their target price on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $152.56.

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.