Advanced Drainage Systems (NYSE:WMS) Given New $170.00 Price Target at Loop Capital

Advanced Drainage Systems (NYSE:WMS) had its target price trimmed by Loop Capital from $180.00 to $170.00 in a report published on Monday,Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

WMS has been the topic of several other reports. KeyCorp decreased their target price 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. StockNews.com cut Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Robert W. Baird cut their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a report on Monday. Oppenheimer decreased their price objective on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Barclays cut their target price on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an “overweight” rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Advanced Drainage Systems presently has an average rating of “Moderate Buy” and a consensus target price of $178.57.

Advanced Drainage Systems Stock Down 1.7 %

WMS opened at $133.51 on Monday. The business has a 50 day moving average price of $151.20 and a two-hundred day moving average price of $159.57. Advanced Drainage Systems has a 52 week low of $112.11 and a 52 week high of $184.27. The company has a market cap of $10.35 billion, a PE ratio of 21.61, a P/E/G ratio of 1.15 and a beta of 1.53. The company has a quick ratio of 1.90, a current ratio of 2.89 and a debt-to-equity ratio of 1.04.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). Advanced Drainage Systems had a return on equity of 43.60% and a net margin of 17.09%. The business had revenue of $782.60 million for the quarter, compared to analysts’ expectations of $819.41 million. During the same period last year, the company posted $1.71 earnings per share. The business’s quarterly revenue was up .3% on a year-over-year basis. As a group, research analysts anticipate that Advanced Drainage Systems will post 6.95 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Monday, December 2nd. Advanced Drainage Systems’s dividend payout ratio is presently 10.19%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in WMS. Vanguard Group Inc. lifted its position in Advanced Drainage Systems by 5.8% in the first quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company’s stock worth $1,251,353,000 after buying an additional 395,099 shares during the last quarter. Boston Partners lifted its position in Advanced Drainage Systems by 16.9% during the 1st quarter. Boston Partners now owns 1,519,118 shares of the construction company’s stock worth $261,609,000 after acquiring an additional 219,629 shares during the period. William Blair Investment Management LLC raised its holdings in Advanced Drainage Systems by 4.7% in the 2nd quarter. William Blair Investment Management LLC now owns 1,430,091 shares of the construction company’s stock worth $229,372,000 after purchasing an additional 64,618 shares during the period. Swedbank AB grew its stake in Advanced Drainage Systems by 5.8% in the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock valued at $217,553,000 after acquiring an additional 75,455 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Advanced Drainage Systems by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 1,382,735 shares of the construction company’s stock worth $221,777,000 after acquiring an additional 7,690 shares during the last quarter. 89.83% of the stock is owned by hedge funds and other 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.