StockNews.com Upgrades Advanced Drainage Systems (NYSE:WMS) to "Hold"

Advanced Drainage Systems (NYSE:WMS - Get Free Report) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Saturday.

WMS has been the topic of a number of other research reports. Oppenheimer dropped their price objective on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an "outperform" rating on the stock in a research note on Monday, November 11th. Stephens reaffirmed an "equal weight" rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday, February 7th. Robert W. Baird decreased their price objective on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating for the company in a research report on Monday, November 11th. KeyCorp dropped their target price on Advanced Drainage Systems from $195.00 to $180.00 and set an "overweight" rating on the stock in a research report on Monday, November 11th. Finally, Loop Capital cut their price target 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Advanced Drainage Systems has an average rating of "Moderate Buy" and an average target price of $164.25.

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Advanced Drainage Systems Trading Up 1.8 %

NYSE:WMS traded up $2.02 during trading hours on Friday, reaching $116.09. 414,943 shares of the company were exchanged, compared to its average volume of 637,676. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.13 and a beta of 1.52. The stock has a 50 day simple moving average of $119.70 and a 200 day simple moving average of $136.60. Advanced Drainage Systems has a 52-week low of $110.75 and a 52-week 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.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last posted its earnings results 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%. As a group, analysts predict that Advanced Drainage Systems will post 6.1 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WMS. Huntington National Bank boosted its position in Advanced Drainage Systems by 123.1% during the third quarter. Huntington National Bank now owns 386 shares of the construction company's stock valued at $61,000 after purchasing an additional 213 shares during the last quarter. Millburn Ridgefield Corp raised its stake in shares of Advanced Drainage Systems by 642.4% during the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company's stock worth $77,000 after purchasing an additional 424 shares in the last quarter. CWM LLC lifted its holdings in shares of Advanced Drainage Systems by 18.1% during the 3rd quarter. CWM LLC now owns 555 shares of the construction company's stock valued at $87,000 after buying an additional 85 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Advanced Drainage Systems by 12.7% during the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock valued at $90,000 after buying an additional 88 shares during the last quarter. Finally, Spire Wealth Management bought a new stake in shares of Advanced Drainage Systems in the 4th quarter valued at approximately $94,000. Hedge funds and other institutional investors own 89.83% of the company's stock.

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.