Advanced Drainage Systems, Inc. (WMS) Given New $26.00 Price Target at Robert W. Baird

Advanced Drainage Systems, Inc. (NYSE:WMS) had its price target hoisted by Robert W. Baird from $25.00 to $26.00 in a report released on Friday, November 3rd. Robert W. Baird currently has an outperform rating on the construction company’s stock.

Several other brokerages have also issued reports on WMS. BidaskClub upgraded shares of Advanced Drainage Systems from a sell rating to a hold rating in a research note on Wednesday, August 9th. ValuEngine downgraded shares of Advanced Drainage Systems from a hold rating to a sell rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded shares of Advanced Drainage Systems from a buy rating to a sell rating in a report on Thursday, August 10th. Boenning Scattergood reissued a hold rating on shares of Advanced Drainage Systems in a report on Thursday, August 3rd. Finally, TheStreet downgraded shares of Advanced Drainage Systems from a b- rating to a c+ rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Advanced Drainage Systems has an average rating of Hold and an average price target of $24.33.

Shares of Advanced Drainage Systems (WMS) opened at $21.30 on Friday. Advanced Drainage Systems has a 52 week low of $17.90 and a 52 week high of $26.30. The company has a market cap of $1,196.93, a P/E ratio of 61.14 and a beta of 0.92. The company has a debt-to-equity ratio of 4.47, a quick ratio of 1.32 and a current ratio of 2.26.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, November 2nd. The construction company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.08). Advanced Drainage Systems had a return on equity of 41.08% and a net margin of 1.97%. The firm had revenue of $401.00 million during the quarter, compared to analyst estimates of $376.45 million. During the same quarter last year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. analysts anticipate that Advanced Drainage Systems will post 0.53 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, November 30th. Advanced Drainage Systems’s payout ratio is 75.68%.

In other Advanced Drainage Systems news, EVP Robert M. Klein sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $20.77, for a total transaction of $415,400.00. Following the sale, the executive vice president now directly owns 340,205 shares of the company’s stock, valued at approximately $7,066,057.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 21.43% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Berkshire Partners LLC boosted its stake in shares of Advanced Drainage Systems by 154.4% in the 3rd quarter. Berkshire Partners LLC now owns 5,257,355 shares of the construction company’s stock valued at $106,461,000 after purchasing an additional 3,191,003 shares during the last quarter. Impax Asset Management LTD boosted its stake in Advanced Drainage Systems by 4.8% during the third quarter. Impax Asset Management LTD now owns 4,483,199 shares of the construction company’s stock worth $90,785,000 after acquiring an additional 203,697 shares in the last quarter. Stockbridge Partners LLC boosted its stake in Advanced Drainage Systems by 12.8% during the third quarter. Stockbridge Partners LLC now owns 3,756,420 shares of the construction company’s stock worth $76,068,000 after acquiring an additional 425,251 shares in the last quarter. Vanguard Group Inc. boosted its stake in Advanced Drainage Systems by 3.2% during the second quarter. Vanguard Group Inc. now owns 3,046,676 shares of the construction company’s stock worth $61,238,000 after acquiring an additional 95,375 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in Advanced Drainage Systems by 6.8% during the second quarter. Pictet Asset Management Ltd. now owns 2,850,429 shares of the construction company’s stock worth $54,586,000 after acquiring an additional 182,167 shares in the last quarter. 80.77% of the stock is currently owned by institutional investors.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.

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