Advanced Drainage Systems, Inc. (NYSE:WMS) Receives $166.88 Average PT from Brokerages

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eight brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $166.88.

A number of analysts recently weighed in on WMS shares. Loop Capital dropped their target price on Advanced Drainage Systems from $180.00 to $170.00 and set a "buy" rating for the company in a research report on Monday, November 11th. Robert W. Baird lowered their price objective on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating for the company in a report on Monday, November 11th. Oppenheimer reduced their target price on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a report on Monday, November 11th. Barclays decreased their target price on shares of Advanced Drainage Systems from $172.00 to $160.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, KeyCorp reduced their price objective on Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th.

Advanced Drainage Systems Price Performance

NYSE WMS traded up $1.70 during trading on Friday, reaching $125.66. The company's stock had a trading volume of 1,115,962 shares, compared to its average volume of 531,113. The stock has a market capitalization of $9.74 billion, a PE ratio of 20.01, a P/E/G ratio of 1.08 and a beta of 1.51. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.19 and a quick ratio of 2.15. The firm has a fifty day moving average of $124.18 and a 200 day moving average of $144.32. Advanced Drainage Systems has a one year low of $110.75 and a one year high of $184.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.23). Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The company had revenue of $782.60 million during the quarter, compared to analysts' expectations of $819.41 million. During the same quarter last year, the firm posted $1.71 earnings per share. The firm's revenue was up .3% on a year-over-year basis. Analysts expect that Advanced Drainage Systems will post 6.12 EPS for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.51%. The ex-dividend date was Monday, December 2nd. Advanced Drainage Systems's dividend payout ratio (DPR) is currently 10.19%.

Hedge Funds Weigh In On Advanced Drainage Systems

Hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc raised its holdings in Advanced Drainage Systems by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 2,271 shares of the construction company's stock worth $357,000 after purchasing an additional 79 shares in the last quarter. CWM LLC raised its stake in Advanced Drainage Systems by 18.1% in the third quarter. CWM LLC now owns 555 shares of the construction company's stock worth $87,000 after buying an additional 85 shares in the last quarter. UMB Bank n.a. lifted its holdings in Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock worth $90,000 after buying an additional 88 shares during the period. Fifth Third Wealth Advisors LLC grew its holdings in shares of Advanced Drainage Systems by 4.8% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,411 shares of the construction company's stock worth $379,000 after acquiring an additional 111 shares during the period. Finally, QRG Capital Management Inc. raised its position in shares of Advanced Drainage Systems by 8.8% in the 3rd quarter. QRG Capital Management Inc. now owns 1,638 shares of the construction company's stock worth $257,000 after acquiring an additional 132 shares in the last quarter. 89.83% of the stock is owned by hedge funds and other institutional investors.

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.