Advanced Drainage Systems, Inc. $WMS Shares Bought by Thematics Asset Management

Key Points

• Thematics Asset Management increased its stake in Advanced Drainage Systems by 11.4% during the first quarter, owning approximately 97,500 shares valued at $10.6 million.
• Several institutional investors, including Vanguard Group and Impax Asset Management, have also raised their stakes, indicating a strong institutional interest in the stock.
• Advanced Drainage Systems reported a quarterly earnings per share (EPS) of $1.95, exceeding analyst expectations and showcasing a revenue increase of 1.8% year-over-year.

Thematics Asset Management increased its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 11.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,500 shares of the construction company's stock after buying an additional 10,000 shares during the quarter. Thematics Asset Management owned about 0.13% of Advanced Drainage Systems worth $10,593,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in WMS. Raymond James Financial Inc. purchased a new position in shares of Advanced Drainage Systems during the fourth quarter worth about $2,025,000. Dimensional Fund Advisors LP grew its holdings in shares of Advanced Drainage Systems by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 807,667 shares of the construction company's stock worth $93,363,000 after buying an additional 22,805 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Advanced Drainage Systems by 45.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,463 shares of the construction company's stock worth $400,000 after buying an additional 1,083 shares during the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Advanced Drainage Systems during the fourth quarter worth about $225,000. Finally, Pinebridge Investments L.P. boosted its holdings in Advanced Drainage Systems by 21.4% in the 4th quarter. Pinebridge Investments L.P. now owns 19,540 shares of the construction company's stock valued at $2,259,000 after purchasing an additional 3,441 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Price Performance

Shares of Advanced Drainage Systems stock traded up $0.13 during trading on Tuesday, hitting $145.45. 631,906 shares of the company were exchanged, compared to its average volume of 981,731. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82. Advanced Drainage Systems, Inc. has a fifty-two week low of $93.92 and a fifty-two week high of $166.03. The stock has a market capitalization of $11.31 billion, a price-to-earnings ratio of 26.26, a P/E/G ratio of 1.93 and a beta of 1.27. The firm has a 50 day moving average price of $122.87 and a 200 day moving average price of $116.00.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $800.54 million. During the same period in the previous year, the firm posted $2.06 EPS. The company's quarterly revenue was up 1.8% compared to the same quarter last year. 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 earnings per share 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. Investors of record on Friday, August 29th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, August 29th. Advanced Drainage Systems's payout ratio is currently 13.00%.

Analyst Ratings Changes

WMS has been the topic of a number of analyst reports. UBS Group reaffirmed a "buy" rating and issued a $167.00 price objective (up previously from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. KeyCorp lifted 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. Robert W. Baird set a $166.00 price objective on Advanced Drainage Systems in a report on Friday, August 8th. Barclays lifted 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. 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Advanced Drainage Systems has a consensus rating of "Moderate Buy" and an average 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.