Advanced Drainage Systems, Inc. $WMS Shares Bought by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC significantly increased its stake in Advanced Drainage Systems, raising its ownership by 236.5% to a total value of $16.84 million.
• Multiple hedge funds have also recently adjusted their positions in Advanced Drainage Systems, with institutional investors owning about 89.83% of the company's stock.
• Advanced Drainage Systems reported $1.95 EPS for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.18 per share with a 0.5% yield.

Gotham Asset Management LLC boosted its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 236.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 154,997 shares of the construction company's stock after purchasing an additional 108,939 shares during the quarter. Gotham Asset Management LLC owned approximately 0.20% of Advanced Drainage Systems worth $16,840,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WMS. NBC Securities Inc. purchased a new position in Advanced Drainage Systems during the 1st quarter valued at about $26,000. Bessemer Group Inc. increased its holdings in Advanced Drainage Systems by 76.2% during the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock valued at $29,000 after acquiring an additional 115 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Advanced Drainage Systems during the 1st quarter valued at about $66,000. Signaturefd LLC increased its holdings in Advanced Drainage Systems by 110.7% during the 1st quarter. Signaturefd LLC now owns 670 shares of the construction company's stock valued at $73,000 after acquiring an additional 352 shares in the last quarter. Finally, Mascagni Wealth Management Inc. purchased a new position in Advanced Drainage Systems during the 4th quarter valued at about $74,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Up 3.0%

Shares of WMS stock traded up $4.19 during trading hours on Thursday, reaching $145.19. The company had a trading volume of 372,849 shares, compared to its average volume of 726,276. 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 twelve month low of $93.92 and a twelve month high of $166.03. The company has a market capitalization of $11.29 billion, a P/E ratio of 26.20, a price-to-earnings-growth ratio of 1.84 and a beta of 1.26. The stock's fifty day simple moving average is $129.02 and its 200 day simple moving average is $117.59.

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. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The business had revenue of $829.88 million during the quarter, compared to analyst estimates of $800.54 million. During the same quarter last year, the firm earned $2.06 earnings per share. The company's revenue for the quarter was up 1.8% compared to the same quarter last year. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, sell-side analysts expect that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm 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. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Friday, August 29th. Advanced Drainage Systems's dividend payout ratio (DPR) is 13.00%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WMS. Loop Capital reduced their price objective on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. 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 price objective (up from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Wall Street Zen upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, KeyCorp upped 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. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $152.56.

Advanced Drainage Systems 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.