Advanced Drainage Systems Inc. (NYSE:WMS) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
A number of other brokerages also recently issued reports on WMS. Zacks Investment Research downgraded Advanced Drainage Systems from a “hold” rating to a “strong sell” rating in a research report on Friday, June 10th. Royal Bank Of Canada raised their price objective on Advanced Drainage Systems from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 8th. Deutsche Bank AG reissued a “hold” rating and set a $25.00 price objective (up from $24.00) on shares of Advanced Drainage Systems in a research report on Wednesday, June 8th. Finally, Boenning Scattergood downgraded Advanced Drainage Systems from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $28.33.
Advanced Drainage Systems (NYSE:WMS) traded up 2.69% during mid-day trading on Thursday, hitting $22.16. 964,270 shares of the company’s stock traded hands. Advanced Drainage Systems has a one year low of $17.72 and a one year high of $32.40. The firm’s 50-day moving average price is $23.67 and its 200-day moving average price is $24.62. The stock has a market cap of $1.64 billion, a PE ratio of 82.07 and a beta of 0.85.
Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, October 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. Advanced Drainage Systems had a return on equity of 120.26% and a net margin of 1.60%. The business earned $358 million during the quarter. On average, analysts forecast that Advanced Drainage Systems will post $1.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Tuesday, August 30th.
Institutional investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas increased its position in Advanced Drainage Systems by 32.2% in the second quarter. Teacher Retirement System of Texas now owns 5,636 shares of the company’s stock valued at $154,000 after buying an additional 1,372 shares in the last quarter. Pitcairn Co. purchased a new position in Advanced Drainage Systems during the second quarter valued at $224,000. Legal & General Group Plc increased its position in Advanced Drainage Systems by 0.3% in the first quarter. Legal & General Group Plc now owns 9,099 shares of the company’s stock valued at $187,000 after buying an additional 23 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Advanced Drainage Systems during the second quarter valued at $287,000. Finally, Springbok Capital Management LLC purchased a new position in Advanced Drainage Systems during the first quarter valued at $245,000. 70.62% of the stock is owned by institutional investors.
Advanced Drainage Systems Company Profile