MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 19,039 Shares of Advanced Drainage Systems, Inc. $WMS

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

A number of other institutional investors also recently bought and sold shares of WMS. Mercer Global Advisors Inc. ADV purchased a new stake in Advanced Drainage Systems in the fourth quarter worth approximately $613,000. Ameriprise Financial Inc. increased its holdings in shares of Advanced Drainage Systems by 100.9% in the 4th quarter. Ameriprise Financial Inc. now owns 675,649 shares of the construction company's stock worth $78,094,000 after buying an additional 339,329 shares during the last quarter. Crestline Management LP bought a new stake in shares of Advanced Drainage Systems in the 4th quarter worth about $537,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Advanced Drainage Systems by 59.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 14,231 shares of the construction company's stock worth $1,645,000 after buying an additional 5,300 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in Advanced Drainage Systems by 26.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 207,284 shares of the construction company's stock valued at $23,962,000 after purchasing an additional 43,170 shares during the last quarter. 89.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WMS. Barclays raised their target price on shares of Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. KeyCorp boosted their target price on shares of 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 assumed coverage on shares of Advanced Drainage Systems in a research note on Monday, August 11th. They set an "outperform" rating and a $159.00 target price for the company. Wall Street Zen raised shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, UBS Group reissued a "buy" rating and issued a $167.00 price target (up from $146.00) 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $152.56.

Advanced Drainage Systems Price Performance

Shares of NYSE:WMS traded up $4.15 on Thursday, reaching $145.15. 399,004 shares of the company were exchanged, compared to its average volume of 726,368. 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 1-year low of $93.92 and a 1-year high of $166.03. The firm has a market cap of $11.29 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 1.84 and a beta of 1.26. The company has a 50-day moving average of $129.02 and a 200-day moving average of $117.59.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released 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 net margin of 14.82% and a return on equity of 29.57%. The company had revenue of $829.88 million for the quarter, compared to analyst estimates of $800.54 million. During the same period in the prior year, the firm earned $2.06 EPS. The firm's quarterly revenue was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Equities analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.18 dividend. 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 presently 13.00%.

About Advanced Drainage Systems

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.