Lansforsakringar Fondforvaltning AB publ Has $2.98 Million Stock Position in Advanced Drainage Systems, Inc. $WMS

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Advanced Drainage Systems, Inc. by 13.0% in Q1, holding 27,388 shares worth approximately $2.98 million after selling 4,105 shares during the quarter.
• Advanced Drainage Systems reported $1.95 earnings per share for the last quarter, surpassing analyst estimates, with revenues reaching $829.88 million, a year-over-year increase of 1.8%.
• The company declared a quarterly dividend of $0.18 per share, set to be paid on September 15th, representing an annualized dividend yield of 0.5% with a payout ratio of 13.00%.

Lansforsakringar Fondforvaltning AB publ lowered its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 13.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,388 shares of the construction company's stock after selling 4,105 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Advanced Drainage Systems were worth $2,976,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Wall Street Zen raised Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. 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 note on Friday, August 8th. Royal Bank Of Canada initiated coverage on Advanced Drainage Systems in a research note on Monday, August 11th. They set an "outperform" rating and a $159.00 price objective on the stock. Oppenheimer reiterated an "outperform" rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Finally, Robert W. Baird set a $166.00 target price on Advanced Drainage Systems in a 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $152.56.

Advanced Drainage Systems Stock Up 3.1%

Shares of NYSE WMS traded up $4.53 during mid-day trading on Friday, hitting $148.59. The company had a trading volume of 707,684 shares, compared to its average volume of 839,981. The company has a market capitalization of $11.55 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 1.97 and a beta of 1.26. The firm has a 50-day simple moving average of $127.53 and a two-hundred day simple moving average of $117.05. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year high of $166.03.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 29.57% and a net margin of 14.82%.Advanced Drainage Systems's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, equities analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 annualized dividend and a dividend yield of 0.5%. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 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.