Advanced Drainage Systems, Inc. $WMS Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. sold 19,039 shares of Advanced Drainage Systems, reducing its ownership by 3.5% to a total of 525,112 shares, valued at approximately $57 million.
• Advanced Drainage Systems reported $1.95 earnings per share for the last quarter, surpassing analysts' expectations, with revenue reaching $829.88 million.
• The company declared a quarterly dividend of $0.18 per share, yielding 0.5%, with an ex-dividend date set for August 29th.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 525,112 shares of the construction company's stock after selling 19,039 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.68% of Advanced Drainage Systems worth $57,053,000 as of its most recent filing with the Securities & Exchange Commission.

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

Advanced Drainage Systems Stock Performance

NYSE WMS traded down $10.10 on Tuesday, reaching $138.40. 1,948,804 shares of the company's stock traded hands, compared to its average volume of 803,562. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week high of $166.03. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.25 and a current ratio of 3.22. The firm has a market cap of $10.76 billion, a price-to-earnings ratio of 24.98, a P/E/G ratio of 1.97 and a beta of 1.26. The stock has a 50 day moving average price of $128.20 and a 200-day moving average price of $117.28.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.17. The company had revenue of $829.88 million for the quarter, compared to the consensus estimate of $800.54 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period last year, the firm earned $2.06 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend 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 13.00%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WMS. Barclays increased 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. KeyCorp raised their price target on Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Oppenheimer restated an "outperform" rating on shares of Advanced Drainage Systems in a research note on Friday, August 8th. Loop Capital dropped their price target on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Finally, Royal Bank Of Canada assumed coverage on Advanced Drainage Systems in a research note on Monday, August 11th. They set an "outperform" rating and a $159.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.