Advanced Drainage Systems (NYSE:WMS) Upgraded at StockNews.com

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

A number of other brokerages have also recently commented on WMS. Barclays dropped 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. Oppenheimer dropped their price target 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. Robert W. Baird cut their price objective on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an "outperform" rating on the stock in a research report on Monday, November 11th. Stephens reissued 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, Loop Capital cut their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Advanced Drainage Systems has a consensus rating of "Moderate Buy" and an average price target of $164.25.

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Advanced Drainage Systems Stock Up 1.4 %

Shares of WMS stock traded up $1.54 during mid-day trading on Wednesday, reaching $114.96. 633,913 shares of the company's stock traded hands, compared to its average volume of 533,386. Advanced Drainage Systems has a 12 month low of $101.90 and a 12 month high of $184.27. The company has a market cap of $8.92 billion, a P/E ratio of 19.22, a P/E/G ratio of 1.13 and a beta of 1.61. 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 50-day moving average price is $119.01 and its 200-day moving average price is $135.02.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts' consensus estimates 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 analysts expect that Advanced Drainage Systems will post 6.1 earnings per share for the current fiscal year.

Institutional Trading of Advanced Drainage Systems

A number of institutional investors have recently made changes to their positions in the stock. Huntington National Bank raised its stake in Advanced Drainage Systems by 123.1% during the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company's stock worth $61,000 after acquiring an additional 213 shares during the period. Millburn Ridgefield Corp raised its stake in 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 acquiring an additional 424 shares during the period. UMB Bank n.a. lifted its holdings in shares of Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company's stock worth $90,000 after buying an additional 88 shares in the last quarter. Spire Wealth Management purchased a new stake in Advanced Drainage Systems during the fourth quarter valued at $94,000. Finally, First Horizon Advisors Inc. increased its position in Advanced Drainage Systems by 18.3% during the fourth 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 last quarter. Hedge funds and other institutional investors own 89.83% of the company's stock.

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.