Advanced Drainage Systems (NYSE:WMS) Hits New 1-Year Low on Analyst Downgrade

Advanced Drainage Systems, Inc. (NYSE:WMS - Get Free Report) shares hit a new 52-week low on Wednesday after Barclays lowered their price target on the stock from $149.00 to $130.00. Barclays currently has an overweight rating on the stock. Advanced Drainage Systems traded as low as $93.92 and last traded at $97.01, with a volume of 68132 shares. The stock had previously closed at $96.79.

A number of other research analysts have also issued reports on WMS. StockNews.com lowered Advanced Drainage Systems from a "hold" rating to a "sell" rating in a report on Tuesday, April 1st. 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. KeyCorp decreased their price objective 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. Loop Capital dropped their target price on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Advanced Drainage Systems in a report on Tuesday, April 1st. They set a "buy" rating and a $134.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $153.78.

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Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after acquiring an additional 88 shares during the period. Blue Trust Inc. boosted its stake in shares of Advanced Drainage Systems by 12.0% during the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company's stock worth $116,000 after buying an additional 108 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Advanced Drainage Systems by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,390 shares of the construction company's stock worth $276,000 after buying an additional 119 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of Advanced Drainage Systems by 7.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company's stock worth $231,000 after buying an additional 125 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in Advanced Drainage Systems by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company's stock valued at $102,000 after acquiring an additional 137 shares during the period. Hedge funds and other institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Trading Down 0.5 %

The company has a 50 day simple moving average of $112.30 and a 200 day simple moving average of $126.37. The company has a current ratio of 3.21, a quick ratio of 1.98 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $8.16 billion, a PE ratio of 17.59, a P/E/G ratio of 1.13 and a beta of 1.48.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Analysts predict that Advanced Drainage Systems, Inc. will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems's dividend payout ratio (DPR) is 10.70%.

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.