Advanced Drainage Systems (NYSE:WMS) Price Target Lowered to $130.00 at Barclays

Advanced Drainage Systems (NYSE:WMS - Free Report) had its price objective reduced by Barclays from $149.00 to $130.00 in a report released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the construction company's stock.

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft assumed coverage on Advanced Drainage Systems in a report on Tuesday, April 1st. They issued a "buy" rating and a $134.00 price objective for the company. KeyCorp reduced their price target on shares of Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. StockNews.com cut shares of Advanced Drainage Systems from a "hold" rating to a "sell" rating in a research note on Tuesday, April 1st. Stephens restated an "equal weight" rating and set a $135.00 target price on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Finally, Loop Capital decreased 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 research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $153.78.

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Advanced Drainage Systems Price Performance

Shares of WMS stock traded up $1.91 during trading on Tuesday, hitting $105.31. The company had a trading volume of 678,762 shares, compared to its average volume of 574,796. The stock's 50-day moving average is $112.30 and its two-hundred day moving average is $126.58. Advanced Drainage Systems has a 52 week low of $93.92 and a 52 week high of $184.27. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate 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 predict that Advanced Drainage Systems will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 0.61%. The ex-dividend date was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio is currently 10.70%.

Hedge Funds Weigh In On Advanced Drainage Systems

Several large investors have recently made changes to their positions in WMS. Vanguard Group Inc. raised its stake in 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 during the period. State Street Corp raised its position in shares of 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 valued at $399,452,000 after buying an additional 206,105 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Advanced Drainage Systems by 34.6% in 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 boosted its position in shares of Advanced Drainage Systems by 63.2% during the fourth 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 increased its holdings in 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 during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Drainage Systems Company Profile

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.