Deutsche Bank Aktiengesellschaft Begins Coverage on Advanced Drainage Systems (NYSE:WMS)

Deutsche Bank Aktiengesellschaft started coverage on shares of Advanced Drainage Systems (NYSE:WMS - Free Report) in a report released on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $134.00 target price on the construction company's stock.

Several other analysts have also recently commented on the stock. 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 note on Friday, February 7th. Barclays reduced 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 report on Friday, February 7th. UBS Group raised shares of Advanced Drainage Systems from a "neutral" rating to a "buy" rating and set a $155.00 price target for the company in a report on Wednesday, January 8th. Stephens restated an "equal weight" rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a research report on Friday, February 7th. Finally, StockNews.com upgraded Advanced Drainage Systems from a "sell" rating to a "hold" rating in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Advanced Drainage Systems presently has an average rating of "Moderate Buy" and a consensus target price of $160.89.

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Advanced Drainage Systems Price Performance

WMS stock traded down $2.35 during trading on Tuesday, reaching $100.82. The company's stock had a trading volume of 957,294 shares, compared to its average volume of 565,245. 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 company's fifty day moving average is $115.03 and its 200-day moving average is $128.99. The company has a market capitalization of $7.82 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. Advanced Drainage Systems has a 1 year low of $95.39 and a 1 year high of $184.27.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its 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%. On average, research analysts expect that Advanced Drainage Systems will post 6.1 earnings per share for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.63%. Advanced Drainage Systems's dividend payout ratio is currently 10.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp boosted its position in 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 purchasing an additional 206,105 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Advanced Drainage Systems by 50.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company's stock valued at $11,186,000 after buying an additional 32,418 shares in the last quarter. Zacks Investment Management purchased a new position in shares of Advanced Drainage Systems in the 3rd quarter worth approximately $2,694,000. KBC Group NV raised its stake in shares of Advanced Drainage Systems by 21.2% during the 4th quarter. KBC Group NV now owns 738,749 shares of the construction company's stock worth $85,399,000 after acquiring an additional 129,252 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Advanced Drainage Systems by 5.2% during the third quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company's stock valued at $186,578,000 after acquiring an additional 59,158 shares during the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

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.