Advanced Drainage Systems, Inc. (NYSE:WMS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $153.78.

A number of equities research analysts recently weighed in on WMS shares. KeyCorp dropped their price objective on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating on the stock in a research note on Tuesday. Stephens reaffirmed an “equal weight” rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a report on Friday, February 7th. StockNews.com lowered Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 1st. Loop Capital cut their target price on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They issued a “buy” rating and a $134.00 price target for the company.

Institutional Investors Weigh In On Advanced Drainage Systems

Hedge funds and other institutional investors have recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of Advanced Drainage Systems during the 1st quarter worth $26,000. Mascagni Wealth Management Inc. acquired a new stake in Advanced Drainage Systems in the 4th quarter valued at approximately $74,000. Millburn Ridgefield Corp raised its stake in Advanced Drainage Systems by 642.4% during the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock valued at $77,000 after purchasing an additional 424 shares during the last quarter. UMB Bank n.a. raised its position in shares of Advanced Drainage Systems by 12.7% during the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after buying an additional 88 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of Advanced Drainage Systems during the 4th quarter worth approximately $94,000. 89.83% of the stock is owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Performance

Shares of WMS opened at $102.94 on Friday. Advanced Drainage Systems has a 52-week low of $93.92 and a 52-week high of $184.27. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.13 and a beta of 1.48. The business’s 50 day moving average is $112.54 and its two-hundred day moving average is $126.91.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Analysts forecast that Advanced Drainage Systems will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.70%.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.