Advanced Drainage Systems, Inc. $WMS Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP cut its stake in shares of Advanced Drainage Systems, Inc. (NYSE:WMS) by 12.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,221 shares of the construction company’s stock after selling 4,884 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Advanced Drainage Systems were worth $3,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Advanced Drainage Systems by 50.8% during 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 purchasing an additional 1,049,697 shares during the last quarter. Amundi lifted its holdings in shares of 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 purchasing an additional 326,435 shares during the period. Dimensional Fund Advisors LP boosted its position in Advanced Drainage Systems by 27.7% in 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 buying an additional 224,015 shares during the last quarter. Vanguard Group Inc. boosted its position in Advanced Drainage Systems by 2.8% in the first quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company’s stock valued at $818,905,000 after buying an additional 204,826 shares during the last quarter. Finally, PGGM Investments raised its position in Advanced Drainage Systems by 88.8% during the 2nd quarter. PGGM Investments now owns 388,484 shares of the construction company’s stock worth $44,621,000 after buying an additional 182,665 shares during the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Stock Performance

NYSE WMS opened at $153.78 on Friday. The stock has a market capitalization of $11.96 billion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.88 and a beta of 1.33. Advanced Drainage Systems, Inc. has a twelve month low of $93.92 and a twelve month high of $155.39. 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 50-day moving average of $142.35 and a 200 day moving average of $130.61.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, November 6th. The construction company reported $1.97 EPS for the quarter, beating the consensus estimate 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 company had revenue of $850.38 million for the quarter, compared to analyst estimates of $802.49 million. During the same period last year, the company earned $1.70 earnings per share. Advanced Drainage Systems’s quarterly revenue was up 8.7% compared to the same quarter last year. Advanced Drainage Systems has set its FY 2026 guidance at EPS. Sell-side analysts anticipate that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business 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 dividend of $0.18 per share. The ex-dividend date is Monday, December 1st. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. Advanced Drainage Systems’s dividend payout ratio is currently 12.29%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on WMS shares. UBS Group reaffirmed a “buy” rating and issued a $167.00 price objective (up from $146.00) on shares of Advanced Drainage Systems in a report on Friday, August 8th. Barclays upped their price target on shares of Advanced Drainage Systems from $160.00 to $176.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Robert W. Baird set a $166.00 price objective on Advanced Drainage Systems in a research note on Friday, August 8th. KeyCorp boosted their price objective on Advanced Drainage Systems from $159.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Drainage Systems in a report on Wednesday, October 8th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and an average target price of $156.56.

Insider Buying and Selling at Advanced Drainage Systems

In other news, insider Tim A. Makowski sold 4,901 shares of Advanced Drainage Systems stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $149.21, for a total value of $731,278.21. Following the sale, the insider owned 2,467 shares in the company, valued at $368,101.07. This trade represents a 66.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider D. Scott Barbour sold 80,030 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $148.95, for a total transaction of $11,920,468.50. Following the sale, the insider directly owned 42,867 shares of the company’s stock, valued at $6,385,039.65. This represents a 65.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 87,203 shares of company stock valued at $12,990,384 over the last ninety days. Corporate insiders own 1.63% of the company’s stock.

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.