Advanced Drainage Systems, Inc. $WMS Stake Raised 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 grew its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 236.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 154,997 shares of the construction company's stock after acquiring an additional 108,939 shares during the quarter. Gotham Asset Management LLC owned approximately 0.20% of Advanced Drainage Systems worth $16,840,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in WMS. US Bancorp DE grew its stake in shares of Advanced Drainage Systems by 5.7% in the first quarter. US Bancorp DE now owns 2,017 shares of the construction company's stock worth $219,000 after purchasing an additional 109 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Advanced Drainage Systems by 76.2% in the first quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock worth $29,000 after purchasing an additional 115 shares in the last quarter. Phoenix Financial Ltd. grew its stake in shares of Advanced Drainage Systems by 5.2% in the first quarter. Phoenix Financial Ltd. now owns 2,463 shares of the construction company's stock worth $269,000 after purchasing an additional 121 shares in the last quarter. Isthmus Partners LLC grew its stake in shares of Advanced Drainage Systems by 5.5% in the first quarter. Isthmus Partners LLC now owns 2,875 shares of the construction company's stock worth $312,000 after purchasing an additional 150 shares in the last quarter. Finally, Applied Finance Capital Management LLC grew its stake in shares of Advanced Drainage Systems by 8.7% in the first quarter. Applied Finance Capital Management LLC now owns 1,896 shares of the construction company's stock worth $206,000 after purchasing an additional 152 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WMS has been the subject of several recent analyst reports. Royal Bank Of Canada assumed coverage on Advanced Drainage Systems in a research note on Monday, August 11th. They issued an "outperform" rating and a $159.00 price target for the company. Robert W. Baird set a $166.00 price objective on Advanced Drainage Systems in a report on Friday, August 8th. UBS Group restated a "buy" rating and issued a $167.00 price objective (up previously from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Wall Street Zen upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Barclays upped their price objective on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $152.56.

Advanced Drainage Systems Trading Down 6.8%

Shares of NYSE WMS traded down $10.10 during mid-day trading on Tuesday, hitting $138.40. 1,948,804 shares of the company traded hands, compared to its average volume of 725,411. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $166.03. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 1.97 and a beta of 1.26. 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 business has a 50 day moving average of $128.20 and a two-hundred day moving average of $117.28.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its 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. 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 the consensus estimate of $800.54 million. During the same period in the prior year, the business posted $2.06 earnings per share. Advanced Drainage Systems's revenue was up 1.8% compared to the same quarter last year. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid 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 is currently 13.00%.

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.