Advanced Drainage Systems, Inc. (NYSE:WMS) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS) have earned an average recommendation of “Buy” from the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is $190.14.

Several equities research analysts have weighed in on WMS shares. Barclays dropped their price objective on Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Loop Capital dropped their price target on Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Robert W. Baird reduced their price objective on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. StockNews.com lowered shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $192.00 target price on shares of Advanced Drainage Systems in a research note on Thursday, August 15th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WMS. GAMMA Investing LLC grew its holdings in Advanced Drainage Systems by 29.4% in the first quarter. GAMMA Investing LLC now owns 273 shares of the construction company’s stock worth $47,000 after purchasing an additional 62 shares during the period. ORG Partners LLC grew its stake in shares of Advanced Drainage Systems by 15.6% in the 1st quarter. ORG Partners LLC now owns 490 shares of the construction company’s stock worth $83,000 after buying an additional 66 shares during the last quarter. CWM LLC increased its position in Advanced Drainage Systems by 18.1% during the 3rd quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after buying an additional 85 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Advanced Drainage Systems by 10.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,020 shares of the construction company’s stock valued at $164,000 after buying an additional 95 shares during the last quarter. Finally, West Oak Capital LLC boosted its holdings in Advanced Drainage Systems by 133.3% in the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock worth $28,000 after acquiring an additional 100 shares in the last quarter. 89.83% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Trading Down 1.8 %

NYSE:WMS opened at $150.94 on Friday. The firm has a market capitalization of $11.70 billion, a P/E ratio of 23.44, a P/E/G ratio of 1.32 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. The company has a fifty day moving average of $151.63 and a 200 day moving average of $161.61. Advanced Drainage Systems has a 52 week low of $102.32 and a 52 week high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, August 8th. The construction company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.98 by $0.08. The firm had revenue of $815.34 million during the quarter, compared to the consensus estimate of $828.00 million. Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. On average, research analysts predict that Advanced Drainage Systems will post 6.95 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Friday, August 30th. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 9.94%.

Advanced Drainage Systems Company Profile

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.