Deutsche Bank Aktiengesellschaft Initiates Coverage on Advanced Drainage Systems (NYSE:WMS)

Research analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Advanced Drainage Systems (NYSE:WMS) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $134.00 price target on the construction company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 21.98% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. StockNews.com raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, March 5th. Loop Capital reduced their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. Stephens reiterated an “equal weight” rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Barclays dropped their target price on Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a research report on Friday, February 7th. Finally, UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $160.89.

Advanced Drainage Systems Trading Up 0.8 %

Shares of WMS stock opened at $109.85 on Tuesday. Advanced Drainage Systems has a fifty-two week low of $101.90 and a fifty-two week high of $184.27. The firm has a market capitalization of $8.52 billion, a P/E ratio of 18.37, a PEG ratio of 1.13 and a beta of 1.61. The stock’s fifty day moving average is $115.98 and its two-hundred day moving average is $129.51. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share 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%. Research analysts expect that Advanced Drainage Systems will post 6.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Advanced Drainage Systems

A number of hedge funds and other institutional investors have recently modified their holdings of WMS. Vanguard Group Inc. boosted its position in Advanced Drainage Systems by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company’s stock worth $847,610,000 after purchasing an additional 52,799 shares in the last quarter. State Street Corp lifted its holdings in shares of Advanced Drainage Systems by 8.8% in the third quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock valued at $399,452,000 after purchasing an additional 206,105 shares in the last quarter. Impax Asset Management Group plc grew its position in shares of Advanced Drainage Systems by 34.6% in the fourth quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company’s stock valued at $291,723,000 after purchasing an additional 650,052 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Advanced Drainage Systems by 63.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,064,527 shares of the construction company’s stock worth $238,659,000 after purchasing an additional 799,569 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Advanced Drainage Systems by 45.8% in the fourth quarter. First Trust Advisors LP now owns 1,732,827 shares of the construction company’s stock valued at $200,315,000 after acquiring an additional 544,109 shares in the last quarter. 89.83% 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 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.