Quantitative Investment Management LLC boosted its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 81.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,649 shares of the construction company's stock after buying an additional 2,980 shares during the period. Quantitative Investment Management LLC's holdings in Advanced Drainage Systems were worth $722,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. US Bancorp DE lifted its stake in shares of Advanced Drainage Systems by 5.7% in the 1st quarter. US Bancorp DE now owns 2,017 shares of the construction company's stock valued at $219,000 after purchasing an additional 109 shares during the last quarter. 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 last quarter. Phoenix Financial Ltd. lifted its stake in shares of Advanced Drainage Systems by 5.2% in the 1st quarter. Phoenix Financial Ltd. now owns 2,463 shares of the construction company's stock valued at $269,000 after purchasing an additional 121 shares during the last quarter. Isthmus Partners LLC lifted its stake in shares of Advanced Drainage Systems by 5.5% in the 1st quarter. Isthmus Partners LLC now owns 2,875 shares of the construction company's stock valued at $312,000 after purchasing an additional 150 shares during the last quarter. Finally, Applied Finance Capital Management LLC lifted its stake in shares of Advanced Drainage Systems by 8.7% in the 1st quarter. Applied Finance Capital Management LLC now owns 1,896 shares of the construction company's stock valued at $206,000 after purchasing an additional 152 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.
Advanced Drainage Systems Stock Down 0.9%
Shares of WMS traded down $1.26 during mid-day trading on Friday, reaching $144.19. The company's stock had a trading volume of 532,680 shares, compared to its average volume of 718,509. Advanced Drainage Systems, Inc. has a 12-month low of $93.92 and a 12-month high of $166.03. The stock has a market cap of $11.21 billion, a PE ratio of 26.03, a price-to-earnings-growth ratio of 1.94 and a beta of 1.27. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.22 and a quick ratio of 2.25. The company's 50 day moving average is $124.19 and its 200 day moving average is $116.35.
Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings data 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 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 business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.06 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Equities analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.
Advanced Drainage Systems Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, August 29th. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 13.00%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on WMS shares. Robert W. Baird set a $166.00 price target on Advanced Drainage Systems in a research note on Friday, August 8th. Oppenheimer reiterated an "outperform" rating 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. 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. Finally, Royal Bank Of Canada initiated coverage on Advanced Drainage Systems in a report on Monday, August 11th. They issued an "outperform" rating and a $159.00 price objective on the stock. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Advanced Drainage Systems currently has an average rating of "Moderate Buy" and a consensus target price of $152.56.
Get Our Latest Stock Analysis on WMS
About Advanced Drainage Systems
(
Free Report)
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.
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