Advanced Drainage Systems, Inc. $WMS Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. trimmed its holdings in Advanced Drainage Systems, Inc. (NYSE:WMS) by 37.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,241 shares of the construction company’s stock after selling 1,335 shares during the quarter. Fox Run Management L.L.C.’s holdings in Advanced Drainage Systems were worth $257,000 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 WMS. Vanguard Group Inc. lifted its stake in shares of Advanced Drainage Systems by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company’s stock valued at $818,905,000 after purchasing an additional 204,826 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Advanced Drainage Systems by 50.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,114,224 shares of the construction company’s stock valued at $338,360,000 after buying an additional 1,049,697 shares during the period. Invesco Ltd. lifted its position in Advanced Drainage Systems by 2.7% in the first quarter. Invesco Ltd. now owns 1,734,537 shares of the construction company’s stock valued at $188,457,000 after buying an additional 45,993 shares during the last quarter. Amundi boosted its stake in Advanced Drainage Systems by 38.2% during the first quarter. Amundi now owns 1,181,199 shares of the construction company’s stock worth $127,223,000 after buying an additional 326,435 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Advanced Drainage Systems by 27.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,031,682 shares of the construction company’s stock valued at $112,090,000 after acquiring an additional 224,015 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Insider Activity

In other news, insider Tim A. Makowski sold 4,901 shares of Advanced Drainage Systems stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $149.21, for a total transaction of $731,278.21. Following the completion of the sale, the insider directly owned 2,467 shares of the company’s stock, valued at approximately $368,101.07. The trade was a 66.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Thomas J. Sr. Waun sold 1,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $150.00, for a total transaction of $150,000.00. Following the transaction, the executive vice president owned 14,970 shares of the company’s stock, valued at approximately $2,245,500. The trade was a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 87,203 shares of company stock worth $12,990,384. 1.63% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

WMS has been the subject of several research analyst reports. Barclays raised their price target on Advanced Drainage Systems from $160.00 to $176.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. KeyCorp raised their target price on Advanced Drainage Systems from $159.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Wall Street Zen raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada raised their price objective on shares of Advanced Drainage Systems from $158.00 to $168.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.56.

Advanced Drainage Systems Price Performance

Shares of NYSE WMS opened at $148.50 on Friday. 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 has a market cap of $11.55 billion, a price-to-earnings ratio of 26.80, a price-to-earnings-growth ratio of 1.88 and a beta of 1.33. The stock’s 50-day moving average is $141.79 and its two-hundred day moving average is $128.35. Advanced Drainage Systems, Inc. has a 1-year low of $93.92 and a 1-year high of $153.25.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, November 6th. The construction company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.27. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The business had revenue of $850.38 million during the quarter, compared to the consensus estimate of $802.49 million. During the same period in the previous year, the company posted $1.70 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio is currently 12.29%.

Advanced Drainage Systems Company 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.