UniSuper Management Pty Ltd Has $5.38 Million Holdings in Advanced Drainage Systems, Inc. $WMS

Key Points

• UniSuper Management Pty Ltd has reduced its stake in Advanced Drainage Systems by 52.4%, now holding approximately $5.38 million in stock.
• Several institutional investors have increased their positions, with Nissay Asset Management Corp Japan ADV and Gotham Asset Management LLC raising their stakes by 160.9% and 236.5%, respectively.
• Advanced Drainage Systems reported a quarterly earnings per share (EPS) of $1.95, exceeding analyst estimates of $1.78, with revenue hitting $829.88 million.

UniSuper Management Pty Ltd reduced its position in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 52.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 49,551 shares of the construction company's stock after selling 54,557 shares during the quarter. UniSuper Management Pty Ltd owned about 0.06% of Advanced Drainage Systems worth $5,384,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. acquired a new position in Advanced Drainage Systems in the 1st quarter valued at $26,000. Bessemer Group Inc. grew its stake in shares of Advanced Drainage Systems by 76.2% during the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company's stock worth $29,000 after purchasing an additional 115 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Advanced Drainage Systems during the 1st quarter worth $66,000. Mascagni Wealth Management Inc. acquired a new position in shares of Advanced Drainage Systems during the 4th quarter worth $74,000. Finally, Signaturefd LLC grew its stake in shares of Advanced Drainage Systems by 110.7% during the 1st quarter. Signaturefd LLC now owns 670 shares of the construction company's stock worth $73,000 after purchasing an additional 352 shares during the period. 89.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on WMS shares. Royal Bank Of Canada started coverage on shares of Advanced Drainage Systems in a research report on Monday, August 11th. They issued an "outperform" rating and a $159.00 price objective on the stock. UBS Group reiterated a "buy" rating and set a $167.00 price objective (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Wall Street Zen raised shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Robert W. Baird set a $166.00 price objective on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Finally, Oppenheimer reiterated an "outperform" rating on shares of Advanced Drainage Systems in a research note 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.56.

Advanced Drainage Systems Stock Performance

WMS stock traded down $5.21 during mid-day trading on Friday, reaching $141.58. The company had a trading volume of 792,479 shares, compared to its average volume of 856,871. The company has a quick ratio of 2.25, a current ratio of 3.22 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $11.01 billion, a P/E ratio of 25.56, a P/E/G ratio of 1.95 and a beta of 1.26. Advanced Drainage Systems, Inc. has a one year low of $93.92 and a one year high of $166.03. The stock's 50-day simple moving average is $130.04 and its two-hundred day simple moving average is $118.03.

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

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.18 dividend. 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 (DPR) is currently 13.00%.

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.