Advanced Drainage Systems Inc (NYSE:WMS) has received an average rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $27.50.
WMS has been the subject of several recent research reports. Robert W. Baird boosted their price target on Advanced Drainage Systems from $28.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. TheStreet raised Advanced Drainage Systems from a “c+” rating to a “b-” rating in a research report on Tuesday, February 13th. Barclays set a $25.00 price target on Advanced Drainage Systems and gave the stock a “hold” rating in a research report on Monday, February 12th. Citigroup initiated coverage on Advanced Drainage Systems in a research report on Wednesday, November 29th. They issued a “neutral” rating and a $26.00 price target for the company. Finally, ValuEngine raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Friday, November 17th.
In other news, COO Ronald R. Vitarelli sold 5,500 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $27.16, for a total value of $149,380.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Thomas M. Fussner sold 20,000 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $26.63, for a total value of $532,600.00. Following the transaction, the chief operating officer now directly owns 560,640 shares in the company, valued at $14,929,843.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 132,948 shares of company stock valued at $3,558,009. Corporate insiders own 21.43% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Koch Industries Inc. acquired a new position in Advanced Drainage Systems during the 4th quarter valued at about $217,000. UBS Asset Management Americas Inc. acquired a new position in Advanced Drainage Systems during the 4th quarter valued at about $221,000. FMR LLC acquired a new position in Advanced Drainage Systems during the 2nd quarter valued at about $245,000. Valeo Financial Advisors LLC acquired a new position in Advanced Drainage Systems during the 4th quarter valued at about $298,000. Finally, Jane Street Group LLC acquired a new position in Advanced Drainage Systems during the 3rd quarter valued at about $264,000. 80.40% of the stock is currently owned by institutional investors.
Shares of Advanced Drainage Systems (NYSE WMS) traded up $0.50 during mid-day trading on Tuesday, hitting $26.45. The company’s stock had a trading volume of 63,522 shares, compared to its average volume of 257,597. Advanced Drainage Systems has a twelve month low of $17.90 and a twelve month high of $28.15. The stock has a market cap of $1,502.19, a PE ratio of 50.38 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 2.10 and a debt-to-equity ratio of 2.44.
Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, February 8th. The construction company reported $0.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.27. Advanced Drainage Systems had a return on equity of 45.42% and a net margin of 3.67%. The business had revenue of $320.83 million during the quarter, compared to analysts’ expectations of $320.41 million. During the same period in the prior year, the business earned $0.16 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. analysts forecast that Advanced Drainage Systems will post 0.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Wednesday, February 28th. Advanced Drainage Systems’s payout ratio is 37.84%.
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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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