Advanced Drainage Systems, Inc. (WMS) Stock Rating Lowered by TheStreet

Advanced Drainage Systems, Inc. (NYSE:WMS) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a report issued on Wednesday.

Several other equities research analysts have also commented on WMS. Zacks Investment Research lowered shares of Advanced Drainage Systems from a “buy” rating to a “sell” rating in a research note on Thursday, August 10th. ValuEngine lowered shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BidaskClub raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Robert W. Baird reissued a “buy” rating and set a $25.00 price objective on shares of Advanced Drainage Systems in a research note on Wednesday, October 4th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Advanced Drainage Systems in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $24.00.

Advanced Drainage Systems (NYSE:WMS) traded down 1.07% during midday trading on Wednesday, hitting $18.50. 205,406 shares of the company were exchanged. The stock has a 50 day moving average of $19.92 and a 200 day moving average of $20.59. The firm has a market capitalization of $1.02 billion, a PE ratio of 37.53 and a beta of 0.94. Advanced Drainage Systems has a 1-year low of $17.90 and a 1-year high of $26.30.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.06). Advanced Drainage Systems had a return on equity of 62.10% and a net margin of 2.50%. The business had revenue of $358.36 million for the quarter, compared to the consensus estimate of $372.63 million. During the same period in the previous year, the firm earned $0.29 EPS. The company’s revenue was up .2% on a year-over-year basis. On average, equities analysts predict that Advanced Drainage Systems will post $1.09 earnings per share for the current fiscal year.

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In other news, major shareholder Berkshire Partners Holdings Ll bought 3,446,293 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average price of $20.32 per share, for a total transaction of $70,028,673.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert M. Klein sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $20.77, for a total transaction of $415,400.00. Following the completion of the transaction, the executive vice president now owns 340,205 shares in the company, valued at approximately $7,066,057.85. The disclosure for this sale can be found here. Insiders own 21.43% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of WMS. BNP Paribas Arbitrage SA lifted its stake in shares of Advanced Drainage Systems by 133.4% in the second quarter. BNP Paribas Arbitrage SA now owns 5,259 shares of the construction company’s stock worth $106,000 after buying an additional 3,006 shares in the last quarter. Manchester Capital Management LLC lifted its stake in shares of Advanced Drainage Systems by 1.0% in the second quarter. Manchester Capital Management LLC now owns 9,770 shares of the construction company’s stock worth $196,000 after buying an additional 100 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Advanced Drainage Systems by 44.8% in the second quarter. Sei Investments Co. now owns 10,347 shares of the construction company’s stock worth $208,000 after buying an additional 3,199 shares in the last quarter. Gotham Asset Management LLC bought a new position in shares of Advanced Drainage Systems in the first quarter worth approximately $238,000. Finally, FMR LLC bought a new position in shares of Advanced Drainage Systems in the second quarter worth approximately $245,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.

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