Advanced Drainage Systems (WMS) Upgraded at Zacks Investment Research

Advanced Drainage Systems (NYSE:WMS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “Advanced Drainage Systems, Inc. is a manufacturer of thermoplastic corrugated pipe, providing a comprehensive suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. The company provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising PVC drainage structures, fittings and filters, and water quality filters and separators. Its products are used across a broad range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. Advanced Drainage Systems, Inc. is headquartered in Hilliard, Ohio. “

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Other analysts have also issued reports about the stock. TheStreet upgraded shares of Advanced Drainage Systems from a “c+” rating to a “b-” rating in a report on Tuesday, February 13th. Barclays set a $25.00 price objective on shares of Advanced Drainage Systems and gave the company a “hold” rating in a report on Monday, February 12th. Finally, Robert W. Baird boosted their price objective on shares of Advanced Drainage Systems from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Friday, February 9th. One research 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. The stock currently has an average rating of “Hold” and a consensus price target of $27.00.

Shares of NYSE WMS traded up $0.02 during trading on Friday, hitting $25.62. 70,543 shares of the company were exchanged, compared to its average volume of 249,331. Advanced Drainage Systems has a 12-month low of $17.90 and a 12-month high of $28.15. The company has a quick ratio of 1.01, a current ratio of 2.10 and a debt-to-equity ratio of 2.44. The firm has a market cap of $1,440.30, a PE ratio of 51.30 and a beta of 0.88.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, February 8th. The construction company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.27. The firm had revenue of $320.83 million for the quarter, compared to analyst estimates of $320.41 million. Advanced Drainage Systems had a net margin of 3.67% and a return on equity of 45.42%. Advanced Drainage Systems’s revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. research analysts expect that Advanced Drainage Systems will post 0.73 EPS for the current year.

In other news, COO Thomas M. Fussner sold 20,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $26.63, for a total transaction of $532,600.00. Following the completion of the transaction, the chief operating officer now directly owns 560,640 shares of the company’s stock, valued at $14,929,843.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Robert M. Klein sold 57,448 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $27.32, for a total value of $1,569,479.36. Following the transaction, the executive vice president now directly owns 282,757 shares of the company’s stock, valued at $7,724,921.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,048 shares of company stock valued at $3,560,679. 21.43% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Advanced Drainage Systems by 1.7% in the fourth quarter. BlackRock Inc. now owns 2,361,103 shares of the construction company’s stock valued at $56,313,000 after purchasing an additional 39,900 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in Advanced Drainage Systems by 33.9% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,782,787 shares of the construction company’s stock valued at $42,519,000 after buying an additional 451,215 shares during the last quarter. GCA Investment Management LLC lifted its stake in Advanced Drainage Systems by 7.7% in the fourth quarter. GCA Investment Management LLC now owns 971,663 shares of the construction company’s stock valued at $23,174,000 after buying an additional 69,397 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Advanced Drainage Systems by 24.3% in the third quarter. Dimensional Fund Advisors LP now owns 611,249 shares of the construction company’s stock valued at $12,378,000 after buying an additional 119,572 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in Advanced Drainage Systems in the fourth quarter valued at approximately $13,892,000. 79.63% of the stock is owned by hedge funds and other institutional investors.

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Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products for non-residential, residential, agriculture, and infrastructure applications in the United States and internationally. The company provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.

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