Advantage Alpha Capital Partners LP Reduces Holdings in Advanced Drainage Systems, Inc. $WMS

Advantage Alpha Capital Partners LP cut its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 37.2% in the 1st quarter, HoldingsChannel reports. The fund owned 39,105 shares of the construction company’s stock after selling 23,132 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Advanced Drainage Systems were worth $4,249,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. US Bancorp DE lifted its holdings in Advanced Drainage Systems by 5.7% in the 1st quarter. US Bancorp DE now owns 2,017 shares of the construction company’s stock worth $219,000 after buying an additional 109 shares during the period. Bessemer Group Inc. lifted its holdings in Advanced Drainage Systems by 76.2% in the 1st quarter. Bessemer Group Inc. now owns 266 shares of the construction company’s stock worth $29,000 after buying an additional 115 shares during the period. Phoenix Financial Ltd. lifted its holdings in Advanced Drainage Systems by 5.2% in the 1st quarter. Phoenix Financial Ltd. now owns 2,463 shares of the construction company’s stock worth $269,000 after buying an additional 121 shares during the period. Isthmus Partners LLC lifted its holdings in Advanced Drainage Systems by 5.5% in the 1st quarter. Isthmus Partners LLC now owns 2,875 shares of the construction company’s stock worth $312,000 after buying an additional 150 shares during the period. Finally, Applied Finance Capital Management LLC lifted its holdings in Advanced Drainage Systems by 8.7% in the 1st quarter. Applied Finance Capital Management LLC now owns 1,896 shares of the construction company’s stock worth $206,000 after buying an additional 152 shares during the period. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WMS shares. Royal Bank Of Canada started coverage on Advanced Drainage Systems in a research report on Monday, August 11th. They issued an “outperform” rating and a $159.00 target price for the company. Barclays increased their target price on Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Loop Capital decreased their target price on Advanced Drainage Systems from $143.00 to $133.00 and set a “buy” rating for the company in a research report on Friday, May 16th. Robert W. Baird set a $166.00 target price on Advanced Drainage Systems in a research report on Friday, August 8th. Finally, Wall Street Zen raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Advanced Drainage Systems currently has an average rating of “Moderate Buy” and an average target price of $152.56.

Advanced Drainage Systems Stock Down 0.9%

WMS stock opened at $140.4380 on Friday. The firm has a market cap of $10.92 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 1.88 and a beta of 1.27. The business has a 50 day moving average of $120.96 and a 200 day moving average of $115.43. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $166.03. 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 (NYSE:WMS) last posted its earnings results on Thursday, August 7th. The construction company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.17. The business had revenue of $829.88 million during 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 quarter last year, the company earned $2.06 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. On average, research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued 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 dividend yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 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.