Barclays Cuts Advanced Drainage Systems (NYSE:WMS) Price Target to $130.00

Advanced Drainage Systems (NYSE:WMS) had its target price reduced by Barclays from $149.00 to $130.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the construction company’s stock.

WMS has been the topic of several other reports. StockNews.com cut shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 1st. Deutsche Bank Aktiengesellschaft began coverage on Advanced Drainage Systems in a research report on Tuesday, April 1st. They issued a “buy” rating and a $134.00 price objective on the stock. Stephens restated an “equal weight” rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Wednesday, January 8th. Finally, KeyCorp dropped their price objective on Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Advanced Drainage Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.78.

Advanced Drainage Systems Stock Down 3.3 %

NYSE WMS opened at $96.77 on Tuesday. Advanced Drainage Systems has a twelve month low of $95.39 and a twelve month high of $184.27. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The firm has a 50-day simple moving average of $113.43 and a 200 day simple moving average of $127.70. The stock has a market cap of $7.51 billion, a PE ratio of 16.18, a PEG ratio of 1.13 and a beta of 1.48.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. On average, research analysts forecast that Advanced Drainage Systems will post 6.1 EPS for the current 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.66%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 10.70%.

Institutional Trading of Advanced Drainage Systems

Several hedge funds have recently added to or reduced their stakes in WMS. 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 worth $90,000 after purchasing an additional 88 shares during the period. Blue Trust Inc. increased its stake in Advanced Drainage Systems by 12.0% during the 4th quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after purchasing an additional 108 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Advanced Drainage Systems by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,390 shares of the construction company’s stock worth $276,000 after buying an additional 119 shares during the period. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Advanced Drainage Systems by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company’s stock valued at $231,000 after buying an additional 125 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Advanced Drainage Systems by 18.3% in the fourth quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock valued at $102,000 after buying an additional 137 shares during the period. Institutional investors and hedge funds 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.