WMS has been the subject of several other reports. KeyCorp boosted their price objective on Advanced Drainage Systems from $160.00 to $185.00 and gave the stock an overweight rating in a research note on Friday. Barclays boosted their price objective on Advanced Drainage Systems from $151.00 to $156.00 and gave the stock an overweight rating in a research note on Wednesday, December 13th. Finally, Stephens boosted their price objective on Advanced Drainage Systems from $138.00 to $182.00 and gave the stock an overweight rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Advanced Drainage Systems has a consensus rating of Moderate Buy and a consensus price target of $155.13.
Advanced Drainage Systems Stock Performance
Advanced Drainage Systems (NYSE:WMS – Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The construction company reported $1.37 EPS for the quarter, topping the consensus estimate of $0.93 by $0.44. Advanced Drainage Systems had a return on equity of 49.79% and a net margin of 17.65%. The company had revenue of $662.37 million during the quarter, compared to analyst estimates of $632.69 million. During the same period in the previous year, the business earned $0.99 EPS. Advanced Drainage Systems’s quarterly revenue was up 1.1% on a year-over-year basis. Sell-side analysts anticipate that Advanced Drainage Systems will post 5.52 EPS for the current fiscal year.
Advanced Drainage Systems Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a $0.14 dividend. The ex-dividend date is Thursday, February 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.35%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 8.90%.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in WMS. American Century Companies Inc. lifted its holdings in Advanced Drainage Systems by 11.6% in the first quarter. American Century Companies Inc. now owns 7,487 shares of the construction company’s stock valued at $890,000 after acquiring an additional 779 shares during the last quarter. Natixis Advisors L.P. acquired a new position in Advanced Drainage Systems in the first quarter valued at approximately $1,741,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Advanced Drainage Systems by 61.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 9,606 shares of the construction company’s stock valued at $1,141,000 after acquiring an additional 3,653 shares during the last quarter. MetLife Investment Management LLC acquired a new position in Advanced Drainage Systems in the first quarter valued at approximately $472,000. Finally, Sei Investments Co. lifted its holdings in Advanced Drainage Systems by 20.7% in the first quarter. Sei Investments Co. now owns 129,613 shares of the construction company’s stock valued at $15,325,000 after acquiring an additional 22,202 shares during the last quarter. 84.69% of the stock is currently owned by institutional investors and hedge funds.
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 construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.
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