Advanced Drainage Systems (NYSE:WMS) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Advanced Drainage Systems (NYSE:WMS – Get Rating) in a research report issued on Thursday. The firm set a “hold” rating on the construction company’s stock.

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

Advanced Drainage Systems Trading Down 4.6 %

WMS stock opened at $79.78 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. The firm has a market cap of $6.48 billion, a P/E ratio of 14.37 and a beta of 1.39. Advanced Drainage Systems has a 1-year low of $78.34 and a 1-year high of $153.36. The business’s 50 day moving average is $90.03 and its 200-day moving average is $102.29.

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

Insiders Place Their Bets

In other news, CAO Kevin C. Talley sold 22,006 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $3,588,503.73. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 9.33% of the company’s stock.

Institutional Trading of Advanced Drainage Systems

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

Advanced Drainage Systems Company Profile

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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.