Pictet Asset Management Holding SA purchased 546,298 additional shares of Advanced Drainage Systems. A report dated June 28, 2026, confirmed the transaction. The acquisition increased Pictet's stake by 32.9% during the first quarter. Total holdings now reach approximately 2.2 million shares. The investment carries a market value of $302.3 million.
Advanced Drainage Systems reported quarterly earnings of $1.07 per share. This figure beat the consensus estimate of $0.95 per share.
Revenue increased 9.9% year-over-year. Total revenue for the quarter reached $676.76 million. The company also raised its quarterly dividend.