Advanced Drainage Systems (NYSE:WMS) Sets New 1-Year Low - Should You Sell?

Advanced Drainage Systems, Inc. (NYSE:WMS - Get Free Report) reached a new 52-week low on Friday . The company traded as low as $125.44 and last traded at $126.31, with a volume of 19653 shares. The stock had previously closed at $128.09.

Analysts Set New Price Targets

Several brokerages have issued reports on WMS. Barclays lowered their price objective on shares of Advanced Drainage Systems from $194.00 to $172.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. KeyCorp dropped their price target on shares of 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. Stephens reissued an "equal weight" rating and issued a $135.00 price objective (down from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Robert W. Baird dropped their target price on Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating on the stock in a research report on Monday, November 11th. Finally, Oppenheimer reduced their price target on Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating for the company in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $170.29.

Advanced Drainage Systems Trading Down 1.1 %

The company has a market cap of $9.82 billion, a P/E ratio of 20.17, a P/E/G ratio of 1.22 and a beta of 1.48. The business has a fifty day simple moving average of $142.14 and a 200 day simple moving average of $153.22. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $782.60 million for the quarter, compared to the consensus estimate of $819.41 million. During the same quarter last year, the business earned $1.71 earnings per share. The business's revenue for the quarter was up .3% compared to the same quarter last year. Analysts anticipate that Advanced Drainage Systems, Inc. will post 6.12 earnings per share for the current fiscal year.

Advanced Drainage Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Monday, December 2nd. Advanced Drainage Systems's dividend payout ratio is presently 10.19%.

Institutional Trading of Advanced Drainage Systems

A number of institutional investors and hedge funds have recently made changes to their positions in WMS. State Street Corp grew its stake in Advanced Drainage Systems by 8.8% during the 3rd 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 during the last quarter. Advantage Alpha Capital Partners LP bought a new position in shares of Advanced Drainage Systems during the third quarter worth about $8,540,000. Swedbank AB increased its holdings in shares of Advanced Drainage Systems by 5.8% in the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company's stock worth $217,553,000 after acquiring an additional 75,455 shares during the period. Zacks Investment Management bought a new stake in Advanced Drainage Systems in the 3rd quarter valued at about $2,694,000. Finally, Assenagon Asset Management S.A. lifted its position in Advanced Drainage Systems by 800.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 18,353 shares of the construction company's stock valued at $2,944,000 after purchasing an additional 16,315 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

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.