Brokerages Set Advanced Drainage Systems Inc (WMS) Target Price at $25.33
Shares of Advanced Drainage Systems Inc (NYSE:WMS) have been given a consensus rating of “Hold” by the nine brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $25.33.
Several equities research analysts have weighed in on WMS shares. Robert W. Baird reaffirmed a “buy” rating and issued a $24.00 target price on shares of Advanced Drainage Systems in a research report on Friday, September 8th. Zacks Investment Research raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. TheStreet lowered Advanced Drainage Systems from a “b-” rating to a “c+” rating in a report on Wednesday, October 25th. ValuEngine raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Citigroup initiated coverage on Advanced Drainage Systems in a report on Wednesday, November 29th. They set a “neutral” rating and a $26.00 price target on the stock.
In related news, COO Ronald R. Vitarelli sold 5,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $23.04, for a total value of $115,200.00. Following the completion of the transaction, the chief operating officer now owns 54,698 shares in the company, valued at approximately $1,260,241.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Thomas M. Fussner sold 18,325 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $23.67, for a total value of $433,752.75. Following the completion of the transaction, the chief operating officer now owns 549,519 shares of the company’s stock, valued at approximately $13,007,114.73. The disclosure for this sale can be found here. 21.43% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in WMS. Berkshire Partners LLC boosted its position in shares of Advanced Drainage Systems by 154.4% in the 3rd quarter. Berkshire Partners LLC now owns 5,257,355 shares of the construction company’s stock valued at $106,461,000 after purchasing an additional 3,191,003 shares during the period. Deprince Race & Zollo Inc. acquired a new stake in Advanced Drainage Systems during the 3rd quarter worth about $26,964,000. Russell Investments Group Ltd. acquired a new stake in Advanced Drainage Systems during the 3rd quarter worth about $9,196,000. Stockbridge Partners LLC boosted its position in Advanced Drainage Systems by 12.8% during the 3rd quarter. Stockbridge Partners LLC now owns 3,756,420 shares of the construction company’s stock worth $76,068,000 after acquiring an additional 425,251 shares during the period. Finally, Impax Asset Management LTD boosted its position in Advanced Drainage Systems by 4.8% during the 3rd quarter. Impax Asset Management LTD now owns 4,483,199 shares of the construction company’s stock worth $90,785,000 after acquiring an additional 203,697 shares during the period. Institutional investors and hedge funds own 80.58% of the company’s stock.
Shares of Advanced Drainage Systems (WMS) traded down $0.30 on Thursday, reaching $23.85. The company had a trading volume of 192,325 shares, compared to its average volume of 247,103. Advanced Drainage Systems has a 52-week low of $17.90 and a 52-week high of $26.30. The company has a market capitalization of $1,333.95, a PE ratio of 68.14 and a beta of 1.04. The company has a debt-to-equity ratio of 4.47, a current ratio of 2.26 and a quick ratio of 1.32.
Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, November 2nd. The construction company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.08). Advanced Drainage Systems had a return on equity of 41.08% and a net margin of 1.97%. The firm had revenue of $401.00 million for the quarter, compared to the consensus estimate of $376.45 million. During the same quarter last year, the business earned $0.35 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. sell-side analysts predict that Advanced Drainage Systems will post 0.53 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Thursday, November 30th. Advanced Drainage Systems’s payout ratio is currently 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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