Cramer Rosenthal Mcglynn LLC Has $14.75 Million Stake in Advanced Drainage Systems, Inc. $WMS

Key Points

• Cramer Rosenthal Mcglynn LLC has reduced its stake in Advanced Drainage Systems by 2.6%, now owning 135,785 shares valued at approximately $14.75 million.
• Advanced Drainage Systems reported Q2 earnings of $1.95 EPS, surpassing consensus estimates, with a revenue of $829.88 million.
• The company announced a quarterly dividend of $0.18 per share, with an annualized yield of 0.5%, reflecting a payout ratio of 13.00%.

Cramer Rosenthal Mcglynn LLC reduced its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 2.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 135,785 shares of the construction company's stock after selling 3,618 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 0.18% of Advanced Drainage Systems worth $14,753,000 as of its most recent filing with the SEC.

Several other 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 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 valued at $238,659,000 after purchasing an additional 799,569 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in Advanced Drainage Systems in the 4th quarter valued at about $46,997,000. Impax Asset Management Group plc lifted its stake 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 valued at $314,700,000 after purchasing an additional 374,414 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in Advanced Drainage Systems in the 4th quarter valued at about $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 worth $78,094,000 after acquiring an additional 339,329 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Loop Capital cut their price objective on shares of Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating for the company in a research report on Friday, May 16th. Wall Street Zen upgraded shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Oppenheimer restated an "outperform" rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Royal Bank Of Canada assumed coverage on shares of Advanced Drainage Systems in a research report on Monday, August 11th. They set an "outperform" rating and a $159.00 price objective for the company. Finally, KeyCorp raised their price objective on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $152.56.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS traded down $1.08 during midday trading on Friday, reaching $144.19. 532,680 shares of the company were exchanged, compared to its average volume of 718,509. The stock's 50-day moving average price is $124.19 and its 200-day moving average price is $116.35. The stock has a market cap of $11.21 billion, a P/E ratio of 26.03, a PEG ratio of 1.94 and a beta of 1.27. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year 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.

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 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 company's revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, sell-side analysts anticipate 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 declared 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 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, August 29th. Advanced Drainage Systems's 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.