Advantage Alpha Capital Partners LP Sells 23,132 Shares of Advanced Drainage Systems, Inc. $WMS

Key Points

• Advantage Alpha Capital Partners LP has reduced its stake in Advanced Drainage Systems by 37.2%, owning 39,105 shares valued at approximately $4.25 million.
• Several hedge funds have increased their positions in Advanced Drainage Systems, leading to institutional investors owning about 89.83% of the company's stock.
• The company reported a quarterly profit of $1.95 per share, beating estimates, and announced a dividend of $0.18 per share to be paid in September.

Advantage Alpha Capital Partners LP trimmed its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 37.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,105 shares of the construction company's stock after selling 23,132 shares during the quarter. Advantage Alpha Capital Partners LP owned approximately 0.05% of Advanced Drainage Systems worth $4,249,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. NBC Securities Inc. purchased a new position in Advanced Drainage Systems during the first quarter valued at approximately $26,000. Bessemer Group Inc. lifted its holdings in Advanced Drainage Systems by 76.2% during the first 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 purchased a new position in Advanced Drainage Systems during the first quarter valued at approximately $66,000. Mascagni Wealth Management Inc. purchased a new position in Advanced Drainage Systems during the fourth quarter valued at approximately $74,000. Finally, Signaturefd LLC lifted 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 valued at $73,000 after purchasing an additional 352 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Trading Up 0.1%

WMS stock traded up $0.13 during mid-day trading on Tuesday, reaching $145.45. 631,902 shares of the stock traded hands, compared to its average volume of 720,708. 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 one year low of $93.92 and a one year high of $166.03. The stock has a market capitalization of $11.31 billion, a PE ratio of 26.26, a PEG ratio of 1.96 and a beta of 1.27. The business has a 50-day moving average price of $122.24 and a two-hundred day moving average price of $115.79.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The construction company reported $1.95 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.17. The firm 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 for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Equities research analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

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

Analyst Ratings Changes

WMS has been the topic of several research analyst reports. Oppenheimer reissued an "outperform" rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Wall Street Zen raised shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Loop Capital lowered their target price on shares of Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a report on Friday, May 16th. Robert W. Baird set a $166.00 price target on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Finally, Barclays boosted their price target on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a research 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's stock. According to MarketBeat.com, Advanced Drainage Systems presently has an average rating of "Moderate Buy" and an average 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.