Advanced Drainage Systems, Inc. (NYSE:WMS) Given Average Rating of "Buy" by Brokerages

Shares of Advanced Drainage Systems, Inc. (NYSE:WMS - Get Free Report) have earned an average recommendation of "Buy" from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have covered the stock in the last year is $190.14.

Several equities research analysts recently commented on WMS shares. Barclays dropped their target price on Advanced Drainage Systems from $202.00 to $194.00 and set an "overweight" rating on the stock in a report on Friday, August 9th. StockNews.com cut shares of Advanced Drainage Systems from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Oppenheimer restated an "outperform" rating and issued a $192.00 target price on shares of Advanced Drainage Systems in a research note on Thursday, August 15th. Robert W. Baird dropped their price target on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an "outperform" rating on the stock in a research note on Friday, August 9th. Finally, Loop Capital decreased their price objective on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, August 12th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WMS. CANADA LIFE ASSURANCE Co raised its position in shares of Advanced Drainage Systems by 24.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 63,780 shares of the construction company's stock valued at $11,006,000 after acquiring an additional 12,655 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Advanced Drainage Systems by 10.3% in the 1st quarter. Nordea Investment Management AB now owns 121,851 shares of the construction company's stock worth $21,178,000 after buying an additional 11,423 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of Advanced Drainage Systems in the 1st quarter valued at about $525,000. Price T Rowe Associates Inc. MD grew its position in shares of Advanced Drainage Systems by 16.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 139,677 shares of the construction company's stock valued at $24,059,000 after buying an additional 19,626 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Advanced Drainage Systems by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 7,265,169 shares of the construction company's stock valued at $1,251,353,000 after buying an additional 395,099 shares during the last quarter. Institutional investors own 89.83% of the company's stock.

Advanced Drainage Systems Trading Up 2.0 %

WMS stock traded up $3.06 during midday trading on Tuesday, reaching $155.25. 240,224 shares of the company's stock traded hands, compared to its average volume of 483,090. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.89 and a quick ratio of 1.90. Advanced Drainage Systems has a fifty-two week low of $110.31 and a fifty-two week high of $184.27. The business has a 50-day moving average price of $151.90 and a two-hundred day moving average price of $159.89. The company has a market capitalization of $12.03 billion, a P/E ratio of 24.27, a PEG ratio of 1.27 and a beta of 1.53.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last issued its earnings results on Thursday, August 8th. The construction company reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.08. Advanced Drainage Systems had a net margin of 17.09% and a return on equity of 43.60%. The business had revenue of $815.34 million for the quarter, compared to the consensus estimate of $828.00 million. Equities research analysts forecast that Advanced Drainage Systems will post 6.95 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.16 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.41%. Advanced Drainage Systems's dividend payout ratio (DPR) is presently 10.13%.

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.