Stephens Reiterates Equal Weight Rating for Advanced Drainage Systems (NYSE:WMS)

Stephens reissued their equal weight rating on shares of Advanced Drainage Systems (NYSE:WMS) in a report released on Friday morning,Benzinga reports. They currently have a $135.00 target price on the construction company’s stock.

Several other equities analysts have also issued reports on the company. Oppenheimer decreased their price objective 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. KeyCorp lowered their price objective on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Barclays dropped their price objective on shares of Advanced Drainage Systems from $172.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. UBS Group raised shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a research note on Wednesday, January 8th. Finally, Robert W. Baird dropped their price target on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $164.25.

Advanced Drainage Systems Trading Up 2.3 %

Shares of NYSE WMS opened at $120.41 on Friday. Advanced Drainage Systems has a twelve month low of $110.75 and a twelve month high of $184.27. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 1.13 and a beta of 1.52. The company has a quick ratio of 2.15, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The company’s fifty day moving average is $121.34 and its 200-day moving average is $140.35.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Equities research analysts predict that Advanced Drainage Systems will post 6.12 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.53%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 10.70%.

Institutional Investors Weigh In On Advanced Drainage Systems

A number of large investors have recently modified their holdings of WMS. Huntington National Bank lifted its position in shares of 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 buying an additional 213 shares during the last quarter. Millburn Ridgefield Corp grew its position in Advanced Drainage Systems by 642.4% in the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock valued at $77,000 after acquiring an additional 424 shares during the last quarter. CWM LLC raised its stake in Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after acquiring an additional 85 shares in the last quarter. 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 acquiring an additional 88 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of Advanced Drainage Systems in the 4th quarter valued at approximately $94,000. Institutional investors and hedge funds 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.