Barclays set a $25.00 target price on Advanced Drainage Systems (NYSE:WMS) in a research report report published on Monday morning. The brokerage currently has a hold rating on the construction company’s stock.
WMS has been the topic of a number of other research reports. ValuEngine raised shares of Advanced Drainage Systems from a sell rating to a hold rating in a research note on Tuesday, October 31st. Robert W. Baird lifted their price target on shares of Advanced Drainage Systems from $25.00 to $26.00 and gave the stock an outperform rating in a report on Friday, November 3rd. Citigroup assumed coverage on shares of Advanced Drainage Systems in a report on Wednesday, November 29th. They set a neutral rating and a $26.00 price target on the stock. Finally, TheStreet lowered shares of Advanced Drainage Systems from a b- rating to a c+ rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $25.40.
Shares of Advanced Drainage Systems (NYSE WMS) opened at $26.50 on Monday. The firm has a market cap of $1,406.54, a price-to-earnings ratio of 35.81 and a beta of 1.00. Advanced Drainage Systems has a one year low of $17.90 and a one year high of $27.08. The company has a debt-to-equity ratio of 4.47, a quick ratio of 1.32 and a current ratio of 2.26.
Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, February 8th. The construction company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.27. The firm had revenue of $320.83 million for the quarter, compared to analysts’ expectations of $320.41 million. Advanced Drainage Systems had a net margin of 3.67% and a return on equity of 56.36%. The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share. sell-side analysts expect that Advanced Drainage Systems will post 0.53 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.06%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 37.84%.
In related news, COO Thomas M. Fussner sold 18,325 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $23.67, for a total value of $433,752.75. Following the transaction, the chief operating officer now owns 549,519 shares in the company, valued at $13,007,114.73. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Ronald R. Vitarelli sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $23.04, for a total transaction of $115,200.00. Following the completion of the transaction, the chief operating officer now owns 54,698 shares in the company, valued at approximately $1,260,241.92. The disclosure for this sale can be found here. 21.43% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC acquired a new position in Advanced Drainage Systems in the fourth quarter valued at $298,000. UBS Asset Management Americas Inc. acquired a new position in Advanced Drainage Systems in the fourth quarter valued at $221,000. BlackRock Inc. lifted its holdings in Advanced Drainage Systems by 1.7% in the fourth quarter. BlackRock Inc. now owns 2,361,103 shares of the construction company’s stock valued at $56,313,000 after buying an additional 39,900 shares during the period. Wells Fargo & Company MN lifted its holdings in Advanced Drainage Systems by 20.6% in the fourth quarter. Wells Fargo & Company MN now owns 54,430 shares of the construction company’s stock valued at $1,299,000 after buying an additional 9,309 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Advanced Drainage Systems by 8.1% in the fourth quarter. First Trust Advisors LP now owns 292,800 shares of the construction company’s stock valued at $6,983,000 after buying an additional 21,856 shares during the period. Institutional investors and hedge funds own 81.88% of the company’s stock.
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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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