Advanced Drainage Systems (NYSE:WMS – Get Rating) had its price objective raised by stock analysts at Oppenheimer from $108.00 to $115.00 in a research note issued to investors on Friday, The Fly reports. Oppenheimer’s price objective would indicate a potential upside of 19.11% from the company’s previous close.
WMS has been the topic of a number of other research reports. Barclays boosted their price objective on shares of Advanced Drainage Systems from $113.00 to $119.00 in a report on Friday. Loop Capital cut their price objective on shares of Advanced Drainage Systems from $118.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, March 24th. StockNews.com began coverage on shares of Advanced Drainage Systems in a report on Thursday. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Advanced Drainage Systems from $125.00 to $131.00 in a report on Friday. Finally, Morgan Stanley cut their target price on shares of Advanced Drainage Systems from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 19th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $118.33.
Advanced Drainage Systems Stock Down 1.9 %
Shares of Advanced Drainage Systems stock opened at $96.55 on Friday. The company has a fifty day moving average price of $83.45 and a 200 day moving average price of $87.30. The company has a current ratio of 2.69, a quick ratio of 1.89 and a debt-to-equity ratio of 1.55. Advanced Drainage Systems has a twelve month low of $75.02 and a twelve month high of $153.36. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.06 and a beta of 1.38.
Insider Activity at Advanced Drainage Systems
In related news, CAO Kevin C. Talley sold 22,006 shares of the business’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $89.67, for a total transaction of $1,973,278.02. Following the completion of the sale, the chief accounting officer now owns 40,019 shares of the company’s stock, valued at approximately $3,588,503.73. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 9.33% of the company’s stock.
Institutional Investors Weigh In On Advanced Drainage Systems
A number of institutional investors have recently modified their holdings of WMS. American Century Companies Inc. grew its position in shares of Advanced Drainage Systems by 11.6% during the 1st quarter. American Century Companies Inc. now owns 7,487 shares of the construction company’s stock valued at $890,000 after buying an additional 779 shares during the last quarter. Natixis Advisors L.P. bought a new position in Advanced Drainage Systems in the 1st quarter worth about $1,741,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in Advanced Drainage Systems by 61.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,606 shares of the construction company’s stock worth $1,141,000 after purchasing an additional 3,653 shares during the last quarter. MetLife Investment Management LLC bought a new position in Advanced Drainage Systems in the 1st quarter worth about $472,000. Finally, Sei Investments Co. grew its position in Advanced Drainage Systems by 20.7% in the 1st quarter. Sei Investments Co. now owns 129,613 shares of the construction company’s stock worth $15,325,000 after purchasing an additional 22,202 shares during the last quarter. Institutional investors own 83.46% of the company’s stock.
Advanced Drainage Systems Company Profile
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.
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