Advanced Drainage Systems, Inc. (NYSE:WMS – Get Rating) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $152.00.
A number of equities research analysts have recently weighed in on WMS shares. Barclays lifted their target price on Advanced Drainage Systems from $135.00 to $164.00 and gave the stock an “overweight” rating in a report on Friday, August 5th. Deutsche Bank Aktiengesellschaft started coverage on Advanced Drainage Systems in a report on Wednesday, August 17th. They set a “buy” rating and a $182.00 target price for the company. Loop Capital dropped their target price on Advanced Drainage Systems from $158.00 to $124.00 and set a “buy” rating for the company in a report on Friday, July 8th. Robert W. Baird lifted their target price on Advanced Drainage Systems from $119.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Finally, Morgan Stanley dropped their price target on Advanced Drainage Systems from $142.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, June 28th.
Advanced Drainage Systems Trading Down 1.2 %
WMS stock opened at $131.00 on Thursday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.78 and a quick ratio of 1.81. The company has a fifty day moving average price of $129.66 and a two-hundred day moving average price of $113.83. Advanced Drainage Systems has a one year low of $80.81 and a one year high of $153.36. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of 29.11 and a beta of 1.45.
Advanced Drainage Systems (NYSE:WMS – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The construction company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $1.22. Advanced Drainage Systems had a net margin of 12.65% and a return on equity of 47.99%. The firm had revenue of $914.20 million during the quarter, compared to analysts’ expectations of $849.39 million. During the same period in the previous year, the business posted $0.87 earnings per share. The company’s revenue for the quarter was up 36.6% compared to the same quarter last year. Equities analysts anticipate that Advanced Drainage Systems will post 6.39 EPS for the current year.
Advanced Drainage Systems Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.37%. The ex-dividend date was Wednesday, August 31st. Advanced Drainage Systems’s payout ratio is 10.67%.
Insiders Place Their Bets
In other Advanced Drainage Systems news, Director Ross M. Jones sold 300,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $135.29, for a total transaction of $40,587,000.00. Following the completion of the transaction, the director now owns 3,827,280 shares of the company’s stock, valued at $517,792,711.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Anil Seetharam sold 26,806 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $135.65, for a total transaction of $3,636,233.90. Following the sale, the director now directly owns 28,880 shares in the company, valued at $3,917,572. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ross M. Jones sold 300,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $135.29, for a total value of $40,587,000.00. Following the sale, the director now owns 3,827,280 shares in the company, valued at $517,792,711.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 454,694 shares of company stock valued at $62,363,942. 9.33% of the stock is currently owned by corporate insiders.
Institutional Trading of Advanced Drainage Systems
Several hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in Advanced Drainage Systems by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 427,151 shares of the construction company’s stock valued at $50,749,000 after acquiring an additional 1,431 shares during the last quarter. State Street Corp boosted its holdings in Advanced Drainage Systems by 5.7% in the fourth quarter. State Street Corp now owns 843,902 shares of the construction company’s stock valued at $114,880,000 after acquiring an additional 45,708 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Advanced Drainage Systems by 31.3% during the 4th quarter. Principal Financial Group Inc. now owns 49,030 shares of the construction company’s stock worth $6,674,000 after buying an additional 11,696 shares in the last quarter. Commerce Bank boosted its holdings in shares of Advanced Drainage Systems by 4.6% during the 1st quarter. Commerce Bank now owns 3,190 shares of the construction company’s stock worth $379,000 after buying an additional 141 shares in the last quarter. Finally, Bank of Nova Scotia bought a new position in shares of Advanced Drainage Systems during the 1st quarter worth approximately $3,191,000. 82.97% of the stock is currently owned by institutional investors.
Advanced Drainage Systems Company Profile
Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.
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