Brokerages Set Advanced Drainage Systems, Inc. (NYSE:WMS) PT at $190.14

Advanced Drainage Systems, Inc. (NYSE:WMS) has earned a consensus rating of “Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is $178.57.

A number of research analysts have recently weighed in on WMS shares. Barclays lowered their price target on Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a report on Monday. Oppenheimer decreased their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a report on Monday. Loop Capital reduced their price target on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a report on Monday. KeyCorp cut their price objective on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, StockNews.com lowered shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th.

Advanced Drainage Systems Stock Down 0.4 %

NYSE WMS opened at $135.68 on Tuesday. The company has a market capitalization of $10.52 billion, a P/E ratio of 21.61, a PEG ratio of 1.15 and a beta of 1.53. Advanced Drainage Systems has a 12 month low of $112.11 and a 12 month high of $184.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.89 and a quick ratio of 1.90. The company’s 50 day simple moving average is $151.20 and its 200 day simple moving average is $159.57.

Advanced Drainage Systems (NYSE:WMS) last announced its earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.23). The firm had revenue of $782.60 million during the quarter, compared to analyst estimates of $819.41 million. Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.71 earnings per share. Equities research analysts expect that Advanced Drainage Systems will post 6.95 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.64 annualized dividend and a dividend yield of 0.47%. Advanced Drainage Systems’s payout ratio is 10.19%.

Institutional Trading of Advanced Drainage Systems

Hedge funds have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Advanced Drainage Systems by 319.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock worth $26,000 after buying an additional 115 shares in the last quarter. Blue Trust Inc. increased its position in shares of Advanced Drainage Systems by 1,472.7% during the second quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock valued at $30,000 after purchasing an additional 162 shares during the period. West Oak Capital LLC increased its position in shares of Advanced Drainage Systems by 133.3% during the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock valued at $28,000 after purchasing an additional 100 shares during the period. National Bank of Canada FI acquired a new position in shares of Advanced Drainage Systems in the second quarter valued at $45,000. Finally, Huntington National Bank boosted its stake in Advanced Drainage Systems by 123.1% during the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after buying an additional 213 shares in the last quarter. 89.83% of the stock is owned by institutional investors.

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.