Advanced Drainage Systems (NYSE:WMS) Price Target Cut to $180.00 by Analysts at KeyCorp

Advanced Drainage Systems (NYSE:WMS) had its price target cut by KeyCorp from $195.00 to $180.00 in a report published on Monday morning,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

A number of other brokerages have also weighed in on WMS. Oppenheimer reissued an “outperform” rating and set a $192.00 price target on shares of Advanced Drainage Systems in a research note on Thursday, August 15th. Robert W. Baird reduced their target price on 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 cut Advanced Drainage Systems from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Barclays cut their price objective on shares of Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Finally, Loop Capital lowered their target price on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $170.29.

Advanced Drainage Systems Trading Down 2.1 %

Advanced Drainage Systems stock opened at $130.31 on Monday. The stock has a 50-day moving average price of $150.43 and a 200 day moving average price of $158.96. Advanced Drainage Systems has a 52 week low of $116.98 and a 52 week high of $184.27. The stock has a market cap of $10.10 billion, a PE ratio of 20.75, a P/E/G ratio of 1.19 and a beta of 1.53. The company has a current ratio of 3.19, a quick ratio of 2.15 and a debt-to-equity ratio of 0.97.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). The firm had revenue of $782.60 million for the quarter, compared to analysts’ expectations of $819.41 million. Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.71 earnings per share. Equities research analysts predict that Advanced Drainage Systems will post 6.5 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.16 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 0.49%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 10.19%.

Institutional Investors Weigh In On Advanced Drainage Systems

Large investors have recently made changes to their positions in the business. Swedbank AB purchased a new stake in Advanced Drainage Systems during the 1st quarter worth $220,853,000. Vanguard Group Inc. boosted its position in shares of 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 period. Boston Partners grew its stake 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 valued at $261,609,000 after buying an additional 219,629 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Advanced Drainage Systems by 136.2% during the 2nd quarter. Millennium Management LLC now owns 312,393 shares of the construction company’s stock valued at $50,105,000 after buying an additional 180,154 shares during the period. Finally, Lazard Freres Gestion S.A.S. acquired a new position in Advanced Drainage Systems during the 2nd quarter worth approximately $28,870,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

About Advanced Drainage Systems

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.