Analysts Set Advanced Drainage Systems, Inc. (NYSE:WMS) Price Target at $160.89

Advanced Drainage Systems, Inc. (NYSE:WMS - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $153.78.

A number of research analysts recently weighed in on WMS shares. StockNews.com lowered shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research report on Tuesday, April 1st. UBS Group raised shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price on the stock in a research report on Wednesday, January 8th. Loop Capital reduced their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, February 7th. KeyCorp decreased their price target on Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Stephens reissued an "equal weight" rating and issued a $135.00 price objective on shares of Advanced Drainage Systems in a research report on Friday, February 7th.

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Advanced Drainage Systems Stock Down 3.3 %

WMS traded down $3.31 during midday trading on Friday, reaching $96.77. 652,271 shares of the company were exchanged, compared to its average volume of 569,204. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems has a one year low of $95.39 and a one year high of $184.27. The company's fifty day moving average price is $113.43 and its 200 day moving average price is $127.70. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts' consensus estimates 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, analysts expect that Advanced Drainage Systems will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.66%. Advanced Drainage Systems's dividend payout ratio is presently 10.70%.

Institutional Investors Weigh In On Advanced Drainage Systems

Several large investors have recently added to or reduced their stakes in WMS. GAMMA Investing LLC boosted its position in Advanced Drainage Systems by 28,921.1% during the first quarter. GAMMA Investing LLC now owns 88,224 shares of the construction company's stock worth $9,586,000 after purchasing an additional 87,920 shares during the period. Mascagni Wealth Management Inc. purchased a new stake in shares of Advanced Drainage Systems during the 4th quarter valued at approximately $74,000. California State Teachers Retirement System boosted its holdings in Advanced Drainage Systems by 3.9% in the 4th quarter. California State Teachers Retirement System now owns 68,651 shares of the construction company's stock worth $7,936,000 after buying an additional 2,601 shares during the period. Lansforsakringar Fondforvaltning AB publ purchased a new position in Advanced Drainage Systems in the 4th quarter valued at approximately $3,641,000. Finally, EDENTREE ASSET MANAGEMENT Ltd raised its holdings in Advanced Drainage Systems by 122.9% during the 4th quarter. EDENTREE ASSET MANAGEMENT Ltd now owns 15,055 shares of the construction company's stock valued at $1,740,000 after acquiring an additional 8,300 shares during the period. Hedge funds and other institutional investors 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.