Advanced Drainage Systems (NYSE:WMS) Earns Equal Weight Rating from Stephens

Stephens restated their equal weight rating on shares of Advanced Drainage Systems (NYSE:WMS) in a research note published on Wednesday, MarketBeat reports. They currently have a $135.00 price target on the construction company’s stock, down from their prior price target of $170.00.

Several other equities analysts also recently commented on WMS. Robert W. Baird decreased their price objective on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Loop Capital decreased their price target on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Oppenheimer lowered their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. StockNews.com cut Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, KeyCorp lowered their target price on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $170.29.

Advanced Drainage Systems Trading Up 0.9 %

Shares of NYSE:WMS opened at $131.42 on Wednesday. Advanced Drainage Systems has a 52-week low of $116.98 and a 52-week high of $184.27. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. The company has a market capitalization of $10.19 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 1.18 and a beta of 1.53. The company has a 50-day simple moving average of $150.26 and a 200 day simple moving average of $158.76.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). The business had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $1.71 earnings per share. Sell-side analysts forecast that Advanced Drainage Systems will post 6.5 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Monday, December 2nd. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 10.19%.

Hedge Funds Weigh In On Advanced Drainage Systems

A number of hedge funds have recently added to or reduced their stakes in WMS. CIBC Asset Management Inc grew its holdings in shares of Advanced Drainage Systems by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company’s stock worth $357,000 after purchasing an additional 79 shares in the last quarter. CWM LLC lifted its position in Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after purchasing an additional 85 shares during the period. Nisa Investment Advisors LLC grew its stake in Advanced Drainage Systems by 10.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the construction company’s stock worth $164,000 after buying an additional 95 shares in the last quarter. West Oak Capital LLC raised its position in shares of Advanced Drainage Systems by 133.3% in the 2nd quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after buying an additional 100 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of Advanced Drainage Systems by 4.8% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company’s stock valued at $379,000 after buying an additional 111 shares in the last quarter. Institutional investors own 89.83% of the company’s stock.

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.