Advanced Drainage Systems, Inc. $WMS Shares Sold by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S significantly reduced its position in Advanced Drainage Systems, Inc. by 73.9%, owning 2,144 shares after selling 6,081 shares in Q1.
• Several institutional investors, including Vanguard Group and Impax Asset Management, increased their holdings in the company, highlighting a strong institutional interest with 89.83% of shares now owned by institutional investors.
• Advanced Drainage Systems reported a Q2 EPS of $1.95, surpassing estimates, and announced a quarterly dividend of $0.18, reflecting a 0.5% yield on an annualized basis.

BI Asset Management Fondsmaeglerselskab A S reduced its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 73.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,144 shares of the construction company's stock after selling 6,081 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Advanced Drainage Systems were worth $233,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of WMS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Advanced Drainage Systems by 63.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,064,527 shares of the construction company's stock valued at $238,659,000 after buying an additional 799,569 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new position in Advanced Drainage Systems during the fourth quarter worth about $46,997,000. Impax Asset Management Group plc boosted its position in shares of Advanced Drainage Systems by 14.8% in the first quarter. Impax Asset Management Group plc now owns 2,904,414 shares of the construction company's stock valued at $314,700,000 after acquiring an additional 374,414 shares during the period. Voloridge Investment Management LLC bought a new position in shares of Advanced Drainage Systems in the fourth quarter valued at approximately $42,160,000. Finally, Ameriprise Financial Inc. lifted its position in Advanced Drainage Systems by 100.9% during the fourth quarter. Ameriprise Financial Inc. now owns 675,649 shares of the construction company's stock valued at $78,094,000 after purchasing an additional 339,329 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Advanced Drainage Systems Trading Up 0.1%

WMS stock traded up $0.13 during midday trading on Tuesday, reaching $145.45. The company's stock had a trading volume of 631,906 shares, compared to its average volume of 981,731. The firm has a market capitalization of $11.31 billion, a price-to-earnings ratio of 26.26, a PEG 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, Inc. has a 1 year low of $93.92 and a 1 year high of $166.03. The stock has a fifty day simple moving average of $122.87 and a two-hundred day simple moving average of $116.00.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced 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 firm had revenue of $829.88 million for the quarter, compared to analyst estimates of $800.54 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared 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 yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Advanced Drainage Systems's dividend payout ratio (DPR) is currently 13.00%.

Wall Street Analysts Forecast Growth

WMS has been the topic of several research reports. Loop Capital decreased their price target 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. KeyCorp upped their price target on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Robert W. Baird set a $166.00 target price on Advanced Drainage Systems in a research report on Friday, August 8th. Royal Bank Of Canada started coverage on Advanced Drainage Systems in a research report on Monday, August 11th. They issued an "outperform" rating and a $159.00 target price for the company. Finally, Oppenheimer reiterated an "outperform" rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $152.56.

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.