Advanced Drainage Systems, Inc. (NYSE:WMS - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $110.07 and last traded at $110.93, with a volume of 145528 shares changing hands. The stock had previously closed at $111.58.
Analysts Set New Price Targets
WMS has been the subject of several analyst reports. UBS Group upgraded Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price objective for the company in a research note on Wednesday, January 8th. 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 research report on Monday, November 11th. Loop Capital decreased their price objective on Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, February 7th. Robert W. Baird cut their price objective on Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating for the company in a research note on Monday, November 11th. Finally, Barclays decreased their target price on shares of 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. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $164.25.
Read Our Latest Report on Advanced Drainage Systems
Advanced Drainage Systems Price Performance
The firm has a 50 day moving average of $119.35 and a 200-day moving average of $135.63. 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 company has a market cap of $8.34 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.13 and a beta of 1.52.
Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its quarterly earnings data 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%. On average, equities research analysts predict that Advanced Drainage Systems, Inc. will post 6.1 EPS for the current year.
Advanced Drainage Systems Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.16 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.60%. Advanced Drainage Systems's dividend payout ratio is currently 10.70%.
Hedge Funds Weigh In On Advanced Drainage Systems
Several institutional investors have recently added to or reduced their stakes in the company. EDENTREE ASSET MANAGEMENT Ltd raised its holdings in shares of Advanced Drainage Systems by 122.9% during the 4th quarter. EDENTREE ASSET MANAGEMENT Ltd now owns 15,055 shares of the construction company's stock worth $1,740,000 after acquiring an additional 8,300 shares in the last quarter. Novem Group purchased a new stake in Advanced Drainage Systems during the fourth quarter valued at $689,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in 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 valued at $238,659,000 after purchasing an additional 799,569 shares in the last quarter. Voloridge Investment Management LLC bought a new position in Advanced Drainage Systems during the fourth quarter valued at $42,160,000. Finally, Woodline Partners LP grew its stake in shares of Advanced Drainage Systems by 235.0% in the 4th quarter. Woodline Partners LP now owns 141,128 shares of the construction company's stock worth $16,314,000 after buying an additional 99,003 shares in the last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.
About Advanced Drainage Systems
(
Get Free Report)
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.
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