Advanced Drainage Systems, Inc. $WMS Shares Sold by FORA Capital LLC

Key Points

• FORA Capital LLC reduced its stake in Advanced Drainage Systems by 55.7%, now holding 8,376 shares valued at approximately $910,000.
• Advanced Drainage Systems has a consensus rating of "Moderate Buy" from analysts, with an average target price of $152.56.
• The company reported $1.95 earnings per share for its latest quarter, exceeding the consensus estimate of $1.78 and marking a 1.8% revenue increase compared to the previous year.

FORA Capital LLC decreased its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 55.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,376 shares of the construction company's stock after selling 10,545 shares during the quarter. FORA Capital LLC's holdings in Advanced Drainage Systems were worth $910,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. NBC Securities Inc. acquired a new position in Advanced Drainage Systems during the 1st quarter valued at approximately $26,000. Bessemer Group Inc. increased its stake in Advanced Drainage Systems by 76.2% during 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 in the last quarter. Banque Cantonale Vaudoise acquired a new position in Advanced Drainage Systems during the 1st quarter valued at approximately $66,000. Signaturefd LLC increased its stake in Advanced Drainage Systems by 110.7% during the 1st quarter. Signaturefd LLC now owns 670 shares of the construction company's stock valued at $73,000 after purchasing an additional 352 shares in the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Advanced Drainage Systems in the 4th quarter valued at $74,000. Institutional investors and hedge funds own 89.83% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group reaffirmed a "buy" rating and issued a $167.00 price objective (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Barclays upped their price objective on shares of 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. Robert W. Baird set a $166.00 price objective on shares of Advanced Drainage Systems in a report on Friday, August 8th. Finally, Royal Bank Of Canada assumed coverage on shares of Advanced Drainage Systems in a report on Monday, August 11th. They issued an "outperform" rating and a $159.00 price objective on the stock. Seven investment 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 has a consensus rating of "Moderate Buy" and an average target price of $152.56.

Advanced Drainage Systems Stock Performance

Shares of NYSE WMS opened at $146.17 on Thursday. The company's fifty day moving average price is $123.54 and its 200 day moving average price is $116.21. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $166.03. The company has a market capitalization of $11.36 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 1.93 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.

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 net margin of 14.82% and a return on equity of 29.57%. The firm had revenue of $829.88 million for the quarter, compared to the consensus estimate of $800.54 million. During the same period in the prior year, the firm posted $2.06 earnings per share. The firm'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, research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. Advanced Drainage Systems's dividend payout ratio is 13.00%.

Advanced Drainage Systems Company 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.

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