HighTower Advisors LLC Cuts Stock Holdings in Advanced Drainage Systems, Inc. $WMS

Key Points

• HighTower Advisors LLC reduced its stake in Advanced Drainage Systems by 43.3%, selling 4,651 shares and bringing its total holdings to 6,098 shares valued at approximately $663,000.
• Analysts have mixed opinions on the stock, with seven rating it as a Buy and one as a Hold, resulting in an average price target of $152.56.
• Advanced Drainage Systems recently reported earnings of $1.95 per share, exceeding estimates and reflecting 1.8% revenue growth year-over-year.

HighTower Advisors LLC lowered its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 43.3% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 6,098 shares of the construction company's stock after selling 4,651 shares during the quarter. HighTower Advisors LLC's holdings in Advanced Drainage Systems were worth $663,000 at the end of the most recent reporting period.

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

Advanced Drainage Systems Price Performance

Shares of Advanced Drainage Systems stock traded up $0.38 during mid-day trading on Wednesday, reaching $141.84. 700,011 shares of the stock traded hands, compared to its average volume of 942,924. The business has a 50-day moving average of $126.31 and a 200 day moving average of $116.81. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week high of $166.03. The stock has a market capitalization of $11.03 billion, a PE ratio of 25.60, a PEG ratio of 1.91 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.

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 analysts' consensus estimates of $1.78 by $0.17. The business had revenue of $829.88 million during the quarter, compared to analysts' expectations of $800.54 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The business's revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current 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 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 yield of 0.5%. Advanced Drainage Systems's dividend payout ratio is currently 13.00%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. KeyCorp boosted their price objective on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Robert W. Baird set a $166.00 price objective on Advanced Drainage Systems in a report on Friday, August 8th. Royal Bank Of Canada began 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. Wall Street Zen upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Oppenheimer restated an "outperform" rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.