Woodline Partners LP Sells 17,155 Shares of Advanced Drainage Systems, Inc. $WMS

Key Points

• Woodline Partners LP has reduced its stake in Advanced Drainage Systems by 12.2%, selling 17,155 shares, while the company still represents approximately 0.16% of its portfolio valued at $13.47 million.
• The stock recently opened at $140.93, with a market cap of $10.96 billion and a P/E ratio of 25.44, reflecting a positive trend as it has been trading up 2.0%.
• Advanced Drainage Systems reported strong quarterly earnings, with $1.95 EPS surpassing expectations, and announced a dividend of $0.18 to be paid on September 15th, yielding 0.5% annually.

Woodline Partners LP lowered its stake in Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 123,973 shares of the construction company's stock after selling 17,155 shares during the quarter. Woodline Partners LP owned approximately 0.16% of Advanced Drainage Systems worth $13,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of WMS. Gotham Asset Management LLC increased its position in shares of Advanced Drainage Systems by 2.0% in the fourth quarter. Gotham Asset Management LLC now owns 46,058 shares of the construction company's stock valued at $5,324,000 after acquiring an additional 886 shares during the last quarter. Millennium Management LLC increased its position in shares of Advanced Drainage Systems by 92.7% in the fourth quarter. Millennium Management LLC now owns 136,718 shares of the construction company's stock valued at $15,805,000 after acquiring an additional 65,760 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Advanced Drainage Systems in the fourth quarter valued at about $1,082,000. Man Group plc increased its position in shares of Advanced Drainage Systems by 3.9% in the fourth quarter. Man Group plc now owns 71,860 shares of the construction company's stock valued at $8,307,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Advanced Drainage Systems by 4.4% in the fourth quarter. Quantinno Capital Management LP now owns 8,006 shares of the construction company's stock valued at $926,000 after acquiring an additional 334 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company's stock.

Advanced Drainage Systems Trading Up 2.0%

Shares of WMS stock opened at $140.93 on Thursday. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. The stock has a market cap of $10.96 billion, a P/E ratio of 25.44, a price-to-earnings-growth ratio of 1.84 and a beta of 1.26. The stock has a 50 day simple moving average of $129.02 and a 200 day simple moving average of $117.59. Advanced Drainage Systems, Inc. has a 1 year low of $93.92 and a 1 year high of $166.03.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.17. The business had revenue of $829.88 million during the quarter, compared to analysts' expectations of $800.54 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The firm's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.06 earnings per share. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, research analysts predict 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 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. 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 13.00%.

Wall Street Analysts Forecast Growth

WMS has been the topic of a number of recent research reports. Oppenheimer reaffirmed an "outperform" rating on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Barclays lifted their target price on Advanced Drainage Systems from $135.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. UBS Group reaffirmed a "buy" rating and issued a $167.00 target price (up previously from $146.00) on shares of Advanced Drainage Systems in a research report on Friday, August 8th. Royal Bank Of Canada started coverage on Advanced Drainage Systems in a research report on Monday, August 11th. They set an "outperform" rating and a $159.00 price target on the stock. Finally, Loop Capital lowered their price target on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $152.56.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.