Analysts Set Advanced Drainage Systems, Inc. (WMS) PT at $26.00
Advanced Drainage Systems, Inc. (NYSE:WMS) has been given an average rating of “Hold” by the seven research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $26.00.
Several brokerages recently commented on WMS. Boenning Scattergood reiterated a “hold” rating on shares of Advanced Drainage Systems in a report on Thursday, August 3rd. Robert W. Baird reiterated a “buy” rating and issued a $24.00 target price on shares of Advanced Drainage Systems in a report on Friday, September 8th. ValuEngine downgraded shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. BidaskClub upgraded shares of Advanced Drainage Systems from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Zacks Investment Research downgraded shares of Advanced Drainage Systems from a “buy” rating to a “sell” rating in a report on Thursday, August 10th.
In other news, EVP Robert M. Klein sold 20,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $20.77, for a total transaction of $415,400.00. Following the transaction, the executive vice president now owns 340,205 shares in the company, valued at approximately $7,066,057.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 21.43% of the company’s stock.
Large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its holdings in shares of Advanced Drainage Systems by 133.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,259 shares of the construction company’s stock worth $106,000 after purchasing an additional 3,006 shares during the period. Manchester Capital Management LLC boosted its position in shares of Advanced Drainage Systems by 1.0% during the 2nd quarter. Manchester Capital Management LLC now owns 9,770 shares of the construction company’s stock valued at $196,000 after acquiring an additional 100 shares in the last quarter. Sei Investments Co. boosted its position in shares of Advanced Drainage Systems by 44.8% during the 2nd quarter. Sei Investments Co. now owns 10,347 shares of the construction company’s stock valued at $208,000 after acquiring an additional 3,199 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Advanced Drainage Systems during the 1st quarter valued at about $238,000. Finally, FMR LLC acquired a new stake in shares of Advanced Drainage Systems during the 2nd quarter valued at about $245,000. Institutional investors own 78.61% of the company’s stock.
Shares of Advanced Drainage Systems (NYSE WMS) traded up $0.35 on Wednesday, reaching $21.65. 286,100 shares of the company traded hands, compared to its average volume of 365,422. The company has a market cap of $1,188.54, a P/E ratio of 60.71 and a beta of 0.92. Advanced Drainage Systems has a 12-month low of $17.90 and a 12-month high of $26.30. The company has a quick ratio of 1.02, a current ratio of 2.26 and a debt-to-equity ratio of 4.47.
Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Thursday, November 2nd. The construction company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.08). The firm had revenue of $401.00 million during the quarter, compared to the consensus estimate of $376.45 million. Advanced Drainage Systems had a return on equity of 41.08% and a net margin of 1.97%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 EPS. equities research analysts forecast that Advanced Drainage Systems will post 0.53 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.29%. Advanced Drainage Systems’s payout ratio is 75.68%.
About Advanced Drainage Systems
Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.
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