Advanced Drainage Systems, Inc. $WMS Stock Position Lowered by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its stake in Advanced Drainage Systems by 43%, selling 19,050 shares and ultimately owning 25,259 shares worth approximately $2.74 million.
• Advanced Drainage Systems reported $1.95 earnings per share for the last quarter, exceeding analyst expectations of $1.78, and their revenue increased by 1.8% year-over-year.
• The company recently announced a quarterly dividend of $0.18 per share, resulting in an annualized yield of 0.5%.

Voya Investment Management LLC decreased its position in shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Free Report) by 43.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,259 shares of the construction company's stock after selling 19,050 shares during the period. Voya Investment Management LLC's holdings in Advanced Drainage Systems were worth $2,744,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE increased its position in Advanced Drainage Systems by 5.7% during the first 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. increased its position in Advanced Drainage Systems by 76.2% during the first 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. increased its position in Advanced Drainage Systems by 5.2% during the first 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 increased its position in Advanced Drainage Systems by 5.5% during the first 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 increased its position in Advanced Drainage Systems by 8.7% during the first 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. Institutional investors and hedge funds own 89.83% of the company's stock.

Advanced Drainage Systems Stock Performance

Shares of NYSE WMS traded up $2.35 during mid-day trading on Tuesday, hitting $146.05. The company had a trading volume of 327,123 shares, compared to its average volume of 729,772. The firm's 50 day simple moving average is $132.96 and its two-hundred day simple moving average is $119.43. 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 stock has a market cap of $11.36 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 1.90 and a beta of 1.26. Advanced Drainage Systems, Inc. has a 12 month low of $93.92 and a 12 month high of $166.03.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.17. The firm had revenue of $829.88 million for the quarter, compared to the consensus estimate of $800.54 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%.The firm's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 EPS. Advanced Drainage Systems has set its FY 2026 guidance at EPS. As a group, equities research analysts forecast that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.72 annualized dividend and a yield of 0.5%. Advanced Drainage Systems's payout ratio is presently 13.00%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wall Street Zen upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Oppenheimer reissued an "outperform" rating on shares of Advanced Drainage Systems in a report on Friday, August 8th. Robert W. Baird set a $166.00 price objective on Advanced Drainage Systems in a research report on Friday, August 8th. 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. Finally, KeyCorp increased their target price on Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $152.56.

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.