Advanced Drainage Systems, Inc. $WMS Shares Sold by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. has reduced its holdings in Advanced Drainage Systems by 30.5%, now owning 422,081 shares worth $45.86 million.
• Vanguard Group and Impax Asset Management Group have increased their holdings by 2.8% and 14.8%, respectively, indicating continued institutional interest in the company.
• Advanced Drainage Systems reported earnings of $1.95 per share, surpassing analyst expectations by $0.17, along with a revenue of $829.88 million for the last quarter.

Alyeska Investment Group L.P. reduced its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 30.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 422,081 shares of the construction company's stock after selling 185,254 shares during the quarter. Alyeska Investment Group L.P. owned about 0.54% of Advanced Drainage Systems worth $45,859,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of WMS. NBC Securities Inc. acquired a new stake in shares of Advanced Drainage Systems in the 1st quarter valued at approximately $26,000. Bessemer Group Inc. lifted its holdings in shares of 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 buying an additional 115 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Advanced Drainage Systems in the 1st quarter valued at approximately $66,000. Signaturefd LLC raised its holdings in Advanced Drainage Systems by 110.7% during the first quarter. Signaturefd LLC now owns 670 shares of the construction company's stock worth $73,000 after purchasing an additional 352 shares during the last quarter. Finally, Mascagni Wealth Management Inc. acquired a new position in Advanced Drainage Systems during the fourth quarter worth $74,000. 89.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Royal Bank Of Canada initiated coverage on Advanced Drainage Systems in a report on Monday, August 11th. They set an "outperform" rating and a $159.00 price objective for the company. KeyCorp lifted their price objective on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Wall Street Zen raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Barclays upped their target price on Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Advanced Drainage Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $152.56.

Advanced Drainage Systems Stock Down 9.8%

WMS traded down $14.49 on Tuesday, reaching $134.01. The company's stock had a trading volume of 928,161 shares, compared to its average volume of 719,081. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 1.97 and a beta of 1.26. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $166.03. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25. The business's 50 day moving average is $128.20 and its 200 day moving average is $117.28.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The construction company reported $1.95 EPS for the quarter, beating 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 firm had revenue of $829.88 million during the quarter, compared to the consensus estimate of $800.54 million. During the same quarter in the prior year, the business posted $2.06 earnings per share. Advanced Drainage Systems's revenue for the quarter was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

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