Barclays Cuts Advanced Drainage Systems (NYSE:WMS) Price Target to $130.00

Advanced Drainage Systems (NYSE:WMS) had its price target decreased by Barclays from $149.00 to $130.00 in a report published on Tuesday,Benzinga reports. Barclays currently has an overweight rating on the construction company’s stock.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Advanced Drainage Systems in a report on Tuesday, April 1st. They set a “buy” rating and a $134.00 price objective on the stock. KeyCorp cut their target price on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an “overweight” rating for the company in a research note on Tuesday. Stephens reaffirmed an “equal weight” rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a research report on Friday, February 7th. StockNews.com downgraded Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, April 1st. Finally, UBS Group raised shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $153.78.

Advanced Drainage Systems Trading Down 5.3 %

Advanced Drainage Systems stock opened at $102.94 on Tuesday. The stock has a market cap of $7.99 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The business has a 50 day moving average price of $112.54 and a two-hundred day moving average price of $126.91. Advanced Drainage Systems has a 12 month low of $93.92 and a 12 month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. As a group, equities analysts forecast that Advanced Drainage Systems will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.16 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.62%. Advanced Drainage Systems’s payout ratio is 10.70%.

Hedge Funds Weigh In On Advanced Drainage Systems

A number of hedge funds have recently modified their holdings of WMS. Lifestyle Asset Management Inc. increased its position in shares of Advanced Drainage Systems by 10.7% during the first quarter. Lifestyle Asset Management Inc. now owns 8,212 shares of the construction company’s stock valued at $892,000 after buying an additional 795 shares during the period. NBC Securities Inc. bought a new position in shares of Advanced Drainage Systems in the first quarter worth approximately $26,000. GAMMA Investing LLC boosted its stake in Advanced Drainage Systems by 28,921.1% during the 1st quarter. GAMMA Investing LLC now owns 88,224 shares of the construction company’s stock valued at $9,586,000 after purchasing an additional 87,920 shares during the last quarter. Mascagni Wealth Management Inc. bought a new stake in Advanced Drainage Systems in the 4th quarter worth about $74,000. Finally, California State Teachers Retirement System grew its stake in shares of Advanced Drainage Systems by 3.9% in the fourth quarter. California State Teachers Retirement System now owns 68,651 shares of the construction company’s stock worth $7,936,000 after acquiring an additional 2,601 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

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.