Advanced Drainage Systems (NYSE:WMS) Rating Lowered to "Sell" at StockNews.com

Advanced Drainage Systems (NYSE:WMS - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Tuesday.

A number of other analysts also recently issued reports on WMS. Stephens reissued an "equal weight" rating and issued a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft initiated coverage on Advanced Drainage Systems in a research note on Tuesday, April 1st. They set a "buy" rating and a $134.00 price target for the company. Barclays lowered their price objective on Advanced Drainage Systems from $160.00 to $149.00 and set an "overweight" rating on the stock in a research note on Friday, February 7th. UBS Group upgraded shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 target price for the company in a research report on Wednesday, January 8th. Finally, Loop Capital lowered their price target on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $160.89.

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Advanced Drainage Systems Stock Performance

Shares of Advanced Drainage Systems stock traded down $2.35 during trading hours on Tuesday, hitting $100.82. 957,294 shares of the company's stock traded hands, compared to its average volume of 566,230. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems has a 12-month low of $95.39 and a 12-month high of $184.27. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 1.98. The company has a fifty day simple moving average of $115.03 and a 200-day simple moving average of $128.85.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Equities research analysts anticipate that Advanced Drainage Systems will post 6.1 EPS for the current fiscal year.

Institutional Trading of Advanced Drainage Systems

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Advanced Drainage Systems by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 7,332,268 shares of the construction company's stock valued at $847,610,000 after purchasing an additional 52,799 shares in the last quarter. State Street Corp grew its position in Advanced Drainage Systems by 8.8% during the third quarter. State Street Corp now owns 2,541,688 shares of the construction company's stock worth $399,452,000 after buying an additional 206,105 shares in the last quarter. Impax Asset Management Group plc grew its position in Advanced Drainage Systems by 34.6% during the fourth quarter. Impax Asset Management Group plc now owns 2,530,000 shares of the construction company's stock worth $291,723,000 after buying an additional 650,052 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Advanced Drainage Systems by 63.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,064,527 shares of the construction company's stock worth $238,659,000 after acquiring an additional 799,569 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Advanced Drainage Systems by 45.8% in the 4th quarter. First Trust Advisors LP now owns 1,732,827 shares of the construction company's stock valued at $200,315,000 after acquiring an additional 544,109 shares in the last quarter. 89.83% of the stock is currently 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.