Beck Mack & Oliver LLC Sells 8,192 Shares of Advanced Drainage Systems, Inc. $WMS

Key Points

• Beck Mack & Oliver LLC reduced its stake in Advanced Drainage Systems by 36.8%, selling 8,192 shares to hold a total of 14,065 shares valued at approximately $1.53 million.
• Advanced Drainage Systems recently reported earnings of $1.95 per share for the quarter, exceeding estimates, and generated revenue of $829.88 million, higher than predicted.
• The company declared a quarterly dividend of $0.18 per share, with an upcoming payable date of September 15th, reflecting a dividend yield of 0.5%.

Beck Mack & Oliver LLC cut its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 36.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,065 shares of the construction company's stock after selling 8,192 shares during the period. Beck Mack & Oliver LLC's holdings in Advanced Drainage Systems were worth $1,528,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Advanced Drainage Systems by 2.8% in the first quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company's stock worth $818,905,000 after buying an additional 204,826 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in Advanced Drainage Systems by 14.8% in the 1st quarter. Impax Asset Management Group plc now owns 2,904,414 shares of the construction company's stock worth $314,700,000 after purchasing an additional 374,414 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Advanced Drainage Systems by 63.2% in the 4th 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 worth $238,659,000 after purchasing an additional 799,569 shares during the last quarter. Invesco Ltd. boosted its position in Advanced Drainage Systems by 2.7% during the first quarter. Invesco Ltd. now owns 1,734,537 shares of the construction company's stock worth $188,457,000 after purchasing an additional 45,993 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Advanced Drainage Systems by 27.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,031,682 shares of the construction company's stock valued at $112,090,000 after purchasing an additional 224,015 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

Advanced Drainage Systems Trading Down 0.9%

Shares of WMS stock opened at $144.19 on Friday. The company has a market capitalization of $11.21 billion, a P/E ratio of 26.03, a P/E/G ratio of 1.91 and a beta of 1.27. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $166.03. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average price of $124.79 and a 200 day moving average price of $116.41.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.17. The company had revenue of $829.88 million during 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%. Advanced Drainage Systems's quarterly 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 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on WMS shares. Royal Bank Of Canada assumed coverage on shares of 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 raised their price objective on Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Robert W. Baird set a $166.00 price objective on Advanced Drainage Systems in a research report on Friday, August 8th. UBS Group restated a "buy" rating and issued a $167.00 target price (up from $146.00) on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Finally, Barclays lifted 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 note on Friday, August 8th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Advanced Drainage Systems presently has a consensus rating of "Moderate Buy" and an average target price of $152.56.

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.

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