Advanced Drainage Systems, Inc. (NYSE:WMS) Receives Average Rating of “Moderate Buy” from Brokerages

Advanced Drainage Systems, Inc. (NYSE:WMSGet Free Report) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $181.88.

A number of brokerages recently issued reports on WMS. Northcoast Research assumed coverage on shares of Advanced Drainage Systems in a research note on Wednesday, May 8th. They issued a “buy” rating and a $190.00 price target on the stock. Robert W. Baird increased their price target on shares of Advanced Drainage Systems from $192.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Barclays raised their price target on shares of Advanced Drainage Systems from $189.00 to $202.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. KeyCorp upped their price objective on Advanced Drainage Systems from $185.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Finally, StockNews.com raised Advanced Drainage Systems from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st.

Check Out Our Latest Stock Report on WMS

Insiders Place Their Bets

In other news, insider Tim A. Makowski sold 3,800 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $170.68, for a total transaction of $648,584.00. Following the completion of the sale, the insider now owns 4,530 shares of the company’s stock, valued at approximately $773,180.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Tim A. Makowski sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $170.68, for a total transaction of $648,584.00. Following the completion of the transaction, the insider now directly owns 4,530 shares in the company, valued at approximately $773,180.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Scott A. Cottrill sold 73,207 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $173.11, for a total transaction of $12,672,863.77. Following the completion of the sale, the chief financial officer now directly owns 91,442 shares of the company’s stock, valued at $15,829,524.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 176,004 shares of company stock worth $30,547,285. Company insiders own 2.05% of the company’s stock.

Institutional Investors Weigh In On Advanced Drainage Systems

A number of institutional investors have recently bought and sold shares of the business. New England Research & Management Inc. grew its position in shares of Advanced Drainage Systems by 186.9% during the second quarter. New England Research & Management Inc. now owns 8,750 shares of the construction company’s stock worth $1,403,000 after purchasing an additional 5,700 shares in the last quarter. Trust Co. of Vermont bought a new position in Advanced Drainage Systems in the 2nd quarter worth approximately $223,000. First Hawaiian Bank grew its holdings in Advanced Drainage Systems by 7.1% during the 2nd quarter. First Hawaiian Bank now owns 4,625 shares of the construction company’s stock valued at $742,000 after buying an additional 305 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Advanced Drainage Systems by 65.2% during the second quarter. GAMMA Investing LLC now owns 451 shares of the construction company’s stock valued at $72,000 after buying an additional 178 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of Advanced Drainage Systems by 16.9% in the first quarter. Boston Partners now owns 1,519,118 shares of the construction company’s stock worth $261,609,000 after buying an additional 219,629 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Advanced Drainage Systems Price Performance

WMS stock opened at $152.99 on Wednesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.90 and a current ratio of 2.96. The firm has a market capitalization of $11.86 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.26 and a beta of 1.55. The firm has a 50 day moving average price of $167.46 and a 200-day moving average price of $158.20. Advanced Drainage Systems has a 52-week low of $102.32 and a 52-week high of $184.27.

Advanced Drainage Systems (NYSE:WMSGet Free Report) last announced its quarterly earnings data on Thursday, May 16th. The construction company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.28. Advanced Drainage Systems had a return on equity of 46.93% and a net margin of 17.74%. The business had revenue of $653.80 million during the quarter, compared to analysts’ expectations of $611.99 million. During the same quarter in the previous year, the business earned $1.06 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities research analysts forecast that Advanced Drainage Systems will post 7.17 EPS for the current fiscal year.

Advanced Drainage Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.42%. This is a positive change from Advanced Drainage Systems’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, May 31st. Advanced Drainage Systems’s payout ratio is 9.94%.

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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