Rep. Robert Bresnahan, Jr. Sells Advanced Drainage Systems, Inc. (NYSE:WMS) Stock

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Advanced Drainage Systems, Inc. NYSE: WMS. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Advanced Drainage Systems stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.

Advanced Drainage Systems Trading Down 4.7 %

Shares of NYSE WMS traded down $5.94 during mid-day trading on Wednesday, reaching $120.99. 718,696 shares of the company's stock were exchanged, compared to its average volume of 644,031. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.23 and a beta of 1.52. Advanced Drainage Systems, Inc. has a 52-week low of $110.75 and a 52-week high of $184.27. The company's 50-day moving average is $120.46 and its 200-day moving average is $137.64. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing analysts' consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Analysts expect that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Friday, February 28th. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 10.70%.

Analyst Ratings Changes

WMS has been the subject of several research analyst reports. StockNews.com lowered Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research report on Friday, February 14th. Stephens restated an "equal weight" rating and set a $135.00 target price on shares of Advanced Drainage Systems in a report on Friday, February 7th. Robert W. Baird dropped their target price on Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating for the company in a research report on Monday, November 11th. Oppenheimer lowered their price objective on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating for the company in a research note on Monday, November 11th. Finally, Loop Capital dropped their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $164.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WMS. Truist Financial Corp lifted its stake in Advanced Drainage Systems by 14.5% in the second quarter. Truist Financial Corp now owns 2,095 shares of the construction company's stock valued at $336,000 after buying an additional 266 shares during the last quarter. CWM LLC lifted its position in Advanced Drainage Systems by 18.1% during the 3rd quarter. CWM LLC now owns 555 shares of the construction company's stock worth $87,000 after acquiring an additional 85 shares during the period. Creative Planning grew its stake in shares of Advanced Drainage Systems by 149.1% in the 3rd quarter. Creative Planning now owns 11,710 shares of the construction company's stock valued at $1,840,000 after purchasing an additional 7,009 shares during the last quarter. Swedbank AB increased its holdings in shares of Advanced Drainage Systems by 5.8% in the third quarter. Swedbank AB now owns 1,384,276 shares of the construction company's stock valued at $217,553,000 after purchasing an additional 75,455 shares during the period. Finally, Vontobel Holding Ltd. raised its stake in shares of Advanced Drainage Systems by 2.7% during the third quarter. Vontobel Holding Ltd. now owns 21,479 shares of the construction company's stock worth $3,376,000 after purchasing an additional 565 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.