Advanced Drainage Systems, Inc. (NYSE:WMS) Receives Consensus Rating of “Moderate Buy” from Brokerages
Advanced Drainage Systems, Inc. (NYSE:WMS – Get Free Report) has received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $145.88.
Several research firms recently weighed in on WMS. Barclays raised their price objective on Advanced Drainage Systems from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Wednesday. Stephens began coverage on Advanced Drainage Systems in a report on Thursday, August 24th. They set an “overweight” rating and a $148.00 price objective on the stock. Oppenheimer raised their price objective on Advanced Drainage Systems from $140.00 to $148.00 and gave the company an “outperform” rating in a report on Thursday, August 31st. KeyCorp cut their price objective on Advanced Drainage Systems from $160.00 to $145.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Finally, StockNews.com started coverage on Advanced Drainage Systems in a research report on Thursday, October 5th. They set a “hold” rating for the company.
Get Our Latest Stock Analysis on WMS
Insider Transactions at Advanced Drainage Systems
In other news, EVP Robert M. Klein sold 6,353 shares of Advanced Drainage Systems stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $111.85, for a total value of $710,583.05. Following the completion of the transaction, the executive vice president now directly owns 108,500 shares of the company’s stock, valued at approximately $12,135,725. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.79% of the company’s stock.
Institutional Trading of Advanced Drainage Systems
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WMS. Bank Julius Baer & Co. Ltd Zurich increased its position in Advanced Drainage Systems by 100,700.3% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 135,944,298 shares of the construction company’s stock valued at $15,467,742,000 after buying an additional 135,809,433 shares in the last quarter. BlackRock Inc. increased its position in Advanced Drainage Systems by 76.4% in the 1st quarter. BlackRock Inc. now owns 6,672,684 shares of the construction company’s stock valued at $561,907,000 after buying an additional 2,890,821 shares in the last quarter. Baillie Gifford & Co. increased its position in Advanced Drainage Systems by 40.7% in the 2nd quarter. Baillie Gifford & Co. now owns 3,610,702 shares of the construction company’s stock valued at $410,826,000 after buying an additional 1,044,426 shares in the last quarter. Morgan Stanley increased its position in Advanced Drainage Systems by 210.6% in the 4th quarter. Morgan Stanley now owns 1,123,772 shares of the construction company’s stock valued at $92,116,000 after buying an additional 761,995 shares in the last quarter. Finally, State Street Corp increased its position in Advanced Drainage Systems by 55.8% in the 1st quarter. State Street Corp now owns 2,054,386 shares of the construction company’s stock valued at $173,000,000 after buying an additional 735,476 shares in the last quarter. 84.69% of the stock is owned by institutional investors.
Advanced Drainage Systems Trading Up 1.9 %
Shares of NYSE:WMS opened at $140.59 on Friday. The company has a market capitalization of $10.95 billion, a P/E ratio of 23.67, a P/E/G ratio of 2.06 and a beta of 1.41. Advanced Drainage Systems has a 1 year low of $75.02 and a 1 year high of $142.13. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.88 and a quick ratio of 1.98. The business’s 50 day simple moving average is $117.55 and its 200 day simple moving average is $117.98.
Advanced Drainage Systems (NYSE:WMS – Get Free Report) last issued its quarterly earnings results on Thursday, November 2nd. The construction company reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.18. The business had revenue of $780.22 million for the quarter, compared to the consensus estimate of $776.36 million. Advanced Drainage Systems had a return on equity of 48.92% and a net margin of 16.86%. On average, research analysts anticipate that Advanced Drainage Systems will post 5.51 EPS for the current fiscal year.
Advanced Drainage Systems Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Thursday, November 30th. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 9.43%.
Advanced Drainage Systems Company Profile (Get Free Report
Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the construction and agriculture marketplaces in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.
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