Advanced Drainage Systems (NYSE:WMS) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Advanced Drainage Systems (NYSE:WMSGet Rating) in a report released on Thursday morning. The brokerage issued a hold rating on the construction company’s stock.

A number of other analysts have also issued reports on the stock. Morgan Stanley reduced their price target on shares of Advanced Drainage Systems from $120.00 to $110.00 and set an overweight rating for the company in a research report on Tuesday, February 7th. Loop Capital reduced their price target on shares of Advanced Drainage Systems from $125.00 to $118.00 in a research report on Friday, February 3rd. Barclays increased their price target on shares of Advanced Drainage Systems from $122.00 to $127.00 in a research report on Wednesday, December 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Advanced Drainage Systems from $140.00 to $147.00 in a research report on Monday, February 6th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Advanced Drainage Systems currently has a consensus rating of Moderate Buy and an average price target of $124.60.

Advanced Drainage Systems Price Performance

WMS stock opened at $79.45 on Thursday. The company has a current ratio of 3.13, a quick ratio of 1.89 and a debt-to-equity ratio of 1.34. Advanced Drainage Systems has a one year low of $77.13 and a one year high of $153.36. The firm has a market capitalization of $6.45 billion, a PE ratio of 14.32 and a beta of 1.39. The firm has a 50-day moving average of $89.88 and a two-hundred day moving average of $101.33.

Advanced Drainage Systems (NYSE:WMSGet Rating) last posted its quarterly earnings data on Thursday, February 2nd. The construction company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.05). Advanced Drainage Systems had a net margin of 14.93% and a return on equity of 50.65%. The firm had revenue of $655.20 million for the quarter, compared to analysts’ expectations of $713.57 million. During the same period in the prior year, the company posted $0.86 earnings per share. Advanced Drainage Systems’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, analysts forecast that Advanced Drainage Systems will post 5.79 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were issued a $0.12 dividend. The ex-dividend date was Tuesday, February 28th. This represents a $0.48 dividend on an annualized basis and a yield of 0.60%. Advanced Drainage Systems’s dividend payout ratio is currently 8.65%.

Insider Buying and Selling

In related news, CAO Kevin C. Talley sold 22,006 shares of the stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $89.67, for a total value of $1,973,278.02. Following the transaction, the chief accounting officer now owns 40,019 shares in the company, valued at $3,588,503.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 9.33% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Advanced Drainage Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Intrust Bank NA grew its holdings in Advanced Drainage Systems by 1.8% during the second quarter. Intrust Bank NA now owns 4,241 shares of the construction company’s stock valued at $382,000 after purchasing an additional 77 shares during the last quarter. Mather Group LLC. grew its holdings in Advanced Drainage Systems by 3.0% during the second quarter. Mather Group LLC. now owns 2,735 shares of the construction company’s stock valued at $246,000 after purchasing an additional 80 shares during the last quarter. Prudential Financial Inc. grew its holdings in Advanced Drainage Systems by 3.8% during the second quarter. Prudential Financial Inc. now owns 2,238 shares of the construction company’s stock valued at $203,000 after purchasing an additional 82 shares during the last quarter. Huntington National Bank grew its holdings in Advanced Drainage Systems by 39.1% during the third quarter. Huntington National Bank now owns 470 shares of the construction company’s stock valued at $58,000 after purchasing an additional 132 shares during the last quarter. Finally, Amalgamated Bank grew its holdings in Advanced Drainage Systems by 1.0% during the fourth quarter. Amalgamated Bank now owns 14,718 shares of the construction company’s stock valued at $1,206,000 after purchasing an additional 148 shares during the last quarter. Institutional investors and hedge funds own 83.46% of the company’s stock.

Advanced Drainage Systems Company Profile

(Get Rating)

Advanced Drainage Systems, Inc engages in the manufacture of thermoplastic corrugated pipe, which provides a suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. It operates through the following segments: Pipe, Infiltrator, International, and Allied Products & Other.

Recommended Stories

Analyst Recommendations for Advanced Drainage Systems (NYSE:WMS)

Receive News & Ratings for Advanced Drainage Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Drainage Systems and related companies with MarketBeat.com's FREE daily email newsletter.