Advanced Drainage Systems (WMS) Upgraded to “B-” at TheStreet

TheStreet upgraded shares of Advanced Drainage Systems (NYSE:WMS) from a c+ rating to a b- rating in a report released on Tuesday morning.

WMS has been the topic of several other research reports. Barclays assumed coverage on Advanced Drainage Systems in a report on Wednesday, December 20th. They set an equal weight rating and a $24.00 price objective on the stock. Zacks Investment Research raised Advanced Drainage Systems from a sell rating to a hold rating in a report on Wednesday. ValuEngine raised Advanced Drainage Systems from a sell rating to a hold rating in a report on Tuesday, October 31st. Citigroup assumed coverage on Advanced Drainage Systems in a report on Wednesday, November 29th. They set a neutral rating and a $26.00 price objective on the stock. Finally, Robert W. Baird increased their price target on Advanced Drainage Systems from $28.00 to $29.00 and gave the company an outperform rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Advanced Drainage Systems presently has a consensus rating of Hold and an average price target of $25.40.

Advanced Drainage Systems (NYSE:WMS) opened at $26.90 on Tuesday. Advanced Drainage Systems has a 1-year low of $17.90 and a 1-year high of $27.30. The company has a current ratio of 2.10, a quick ratio of 1.32 and a debt-to-equity ratio of 2.44. The stock has a market capitalization of $1,530.32, a price-to-earnings ratio of 51.32 and a beta of 1.00.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, February 8th. The construction company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.27. Advanced Drainage Systems had a return on equity of 45.42% and a net margin of 3.67%. The firm had revenue of $320.83 million for the quarter, compared to the consensus estimate of $320.41 million. During the same quarter in the prior year, the business earned $0.16 EPS. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. equities analysts expect that Advanced Drainage Systems will post 0.57 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, February 28th. Advanced Drainage Systems’s dividend payout ratio (DPR) is currently 37.84%.

In other news, COO Thomas M. Fussner sold 18,325 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $23.67, for a total value of $433,752.75. Following the transaction, the chief operating officer now owns 549,519 shares of the company’s stock, valued at approximately $13,007,114.73. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Thomas M. Fussner sold 20,000 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $26.63, for a total value of $532,600.00. Following the completion of the transaction, the chief operating officer now directly owns 560,640 shares in the company, valued at approximately $14,929,843.20. The disclosure for this sale can be found here. In the last three months, insiders sold 43,325 shares of company stock worth $1,081,553. 21.43% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Lord Abbett & CO. LLC lifted its stake in shares of Advanced Drainage Systems by 13.9% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,152,458 shares of the construction company’s stock valued at $23,164,000 after purchasing an additional 140,252 shares during the period. Berkshire Partners LLC lifted 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 period. Goldman Sachs Group Inc. bought a new stake in shares of Advanced Drainage Systems in the 2nd quarter valued at $1,339,000. First Financial Bank Trust Division bought a new stake in shares of Advanced Drainage Systems in the 3rd quarter valued at $527,000. Finally, GSA Capital Partners LLP increased its position in shares of Advanced Drainage Systems by 142.4% in the 3rd quarter. GSA Capital Partners LLP now owns 74,970 shares of the construction company’s stock valued at $1,518,000 after buying an additional 44,039 shares in the last quarter. 81.88% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Advanced Drainage Systems (NYSE:WMS)

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