Adage Capital Partners GP L.L.C. Has $5.98 Million Stock Position in Advanced Drainage Systems, Inc. $WMS

Adage Capital Partners GP L.L.C. trimmed its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 56.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.07% of Advanced Drainage Systems worth $5,976,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. US Bancorp DE lifted its position in shares of Advanced Drainage Systems by 5.7% in the 1st quarter. US Bancorp DE now owns 2,017 shares of the construction company's stock worth $219,000 after buying an additional 109 shares during the last quarter. Bessemer Group Inc. lifted its position in Advanced Drainage Systems by 76.2% in the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock valued at $29,000 after purchasing an additional 115 shares during the last quarter. Phoenix Financial Ltd. lifted its position in Advanced Drainage Systems by 5.2% in the 1st quarter. Phoenix Financial Ltd. now owns 2,463 shares of the construction company's stock valued at $269,000 after purchasing an additional 121 shares during the last quarter. Isthmus Partners LLC lifted its position in Advanced Drainage Systems by 5.5% in the 1st quarter. Isthmus Partners LLC now owns 2,875 shares of the construction company's stock valued at $312,000 after purchasing an additional 150 shares during the last quarter. Finally, Applied Finance Capital Management LLC lifted its position in Advanced Drainage Systems by 8.7% in the 1st quarter. Applied Finance Capital Management LLC now owns 1,896 shares of the construction company's stock valued at $206,000 after purchasing an additional 152 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WMS has been the topic of several recent research reports. UBS Group reiterated a "buy" rating and issued a $167.00 price objective (up from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. 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 report on Friday, May 16th. Barclays lifted their price objective on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Robert W. Baird set a $166.00 target price on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, Wall Street Zen raised shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $152.56.

Advanced Drainage Systems Price Performance

Shares of WMS traded down $10.10 during mid-day trading on Tuesday, hitting $138.40. The company's stock had a trading volume of 1,948,804 shares, compared to its average volume of 803,562. The firm has a 50-day moving average price of $128.58 and a 200 day moving average price of $117.43. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 1.97 and a beta of 1.26. 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 fifty-two week low of $93.92 and a fifty-two week high of $166.03.

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

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.18 dividend. 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 presently 13.00%.

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.