Advanced Drainage Systems, Inc. $WMS Shares Sold by Swedbank AB

Key Points

• Swedbank AB has substantially reduced its holdings in Advanced Drainage Systems, Inc. by 48.4%, owning 455,699 shares after selling 428,090 shares during the second quarter.
• The company reported quarterly earnings of $1.95 per share, which surpassed analysts' expectations of $1.78, with total revenue reaching $829.88 million.
• Advanced Drainage Systems recently declared a quarterly dividend of $0.18 per share, reflecting a 0.5% yield based on an annualized payout of $0.72.

Swedbank AB decreased its holdings in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 48.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 455,699 shares of the construction company's stock after selling 428,090 shares during the period. Swedbank AB owned 0.59% of Advanced Drainage Systems worth $52,342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Fiduciary Alliance LLC bought a new position in shares of Advanced Drainage Systems in the 2nd quarter worth approximately $203,000. Lifestyle Asset Management Inc. raised its position in shares of Advanced Drainage Systems by 16.6% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 9,572 shares of the construction company's stock worth $1,099,000 after acquiring an additional 1,360 shares in the last quarter. Parallel Advisors LLC raised its position in shares of Advanced Drainage Systems by 177.4% in the 2nd quarter. Parallel Advisors LLC now owns 430 shares of the construction company's stock worth $49,000 after acquiring an additional 275 shares in the last quarter. Foresight Group Ltd Liability Partnership raised its position in shares of Advanced Drainage Systems by 1,377.0% in the 1st quarter. Foresight Group Ltd Liability Partnership now owns 115,622 shares of the construction company's stock worth $12,559,000 after acquiring an additional 107,794 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in Advanced Drainage Systems by 482.8% during the 1st quarter. Intech Investment Management LLC now owns 28,435 shares of the construction company's stock valued at $3,089,000 after buying an additional 23,556 shares in the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Stock Performance

Shares of NYSE WMS traded down $1.52 during mid-day trading on Friday, hitting $143.14. The stock had a trading volume of 1,058,856 shares, compared to its average volume of 808,633. 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 company has a 50 day moving average of $132.42 and a two-hundred day moving average of $119.13. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $166.03. The firm has a market cap of $11.13 billion, a PE ratio of 25.84, a PEG ratio of 1.92 and a beta of 1.26.

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 the consensus estimate of $1.78 by $0.17. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The firm had revenue of $829.88 million for the quarter, compared to the consensus estimate of $800.54 million. During the same period in the prior year, the firm earned $2.06 EPS. The firm's revenue was up 1.8% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 29th. Advanced Drainage Systems's dividend payout ratio is presently 13.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WMS. KeyCorp raised their price objective on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Oppenheimer reaffirmed an "outperform" rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Barclays raised their target price on Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Royal Bank Of Canada started coverage on Advanced Drainage Systems in a report on Monday, August 11th. They set an "outperform" rating and a $159.00 price target on the stock. Finally, Robert W. Baird set a $166.00 target price on Advanced Drainage Systems in a report on Friday, August 8th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Advanced Drainage Systems currently has an average rating of "Moderate Buy" and a consensus target price of $152.56.

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.