Brokerages Set Advanced Drainage Systems, Inc. (NYSE:WMS) PT at $155.13

Shares of Advanced Drainage Systems, Inc. (NYSE:WMSGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $155.13.

A number of equities analysts recently commented on WMS shares. KeyCorp lifted their price target on Advanced Drainage Systems from $160.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. StockNews.com upgraded Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Barclays upped their price target on shares of Advanced Drainage Systems from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Finally, Stephens upped their price target on shares of Advanced Drainage Systems from $138.00 to $182.00 and gave the stock an “overweight” rating in a report on Friday, February 9th.

Check Out Our Latest Report on WMS

Insider Transactions at Advanced Drainage Systems

In other news, Director Ross M. Jones sold 762,895 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $163.00, for a total transaction of $124,351,885.00. Following the completion of the sale, the director now owns 70,749 shares in the company, valued at approximately $11,532,087. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.79% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Advanced Drainage Systems by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,878,726 shares of the construction company’s stock valued at $783,005,000 after buying an additional 65,038 shares in the last quarter. BlackRock Inc. boosted its holdings 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 purchasing an additional 2,890,821 shares during the period. Capital International Investors boosted its holdings in Advanced Drainage Systems by 1.4% in the 2nd quarter. Capital International Investors now owns 2,313,880 shares of the construction company’s stock valued at $263,273,000 after purchasing an additional 30,928 shares during the period. State Street Corp boosted its holdings 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 purchasing an additional 735,476 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in Advanced Drainage Systems by 1.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,599,703 shares of the construction company’s stock valued at $182,014,000 after purchasing an additional 29,418 shares during the period. 84.69% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Drainage Systems Stock Performance

WMS stock opened at $164.83 on Thursday. The business’s fifty day moving average is $143.93 and its 200-day moving average is $128.52. The company has a quick ratio of 2.04, a current ratio of 3.03 and a debt-to-equity ratio of 1.18. The company has a market cap of $12.79 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 2.17 and a beta of 1.50. Advanced Drainage Systems has a twelve month low of $75.02 and a twelve month high of $167.72.

Advanced Drainage Systems (NYSE:WMSGet Free Report) last released its earnings results on Thursday, February 8th. The construction company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.44. The firm had revenue of $662.37 million during the quarter, compared to analysts’ expectations of $632.69 million. Advanced Drainage Systems had a return on equity of 49.79% and a net margin of 17.65%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.99 EPS. Equities research analysts forecast that Advanced Drainage Systems will post 5.77 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $0.56 annualized dividend and a dividend yield of 0.34%. Advanced Drainage Systems’s payout ratio is currently 8.90%.

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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Analyst Recommendations for Advanced Drainage Systems (NYSE:WMS)

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