Advanced Drainage Systems, Inc. (WMS) Price Target Increased to $26.00 by Analysts at Robert W. Baird

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

A number of other research analysts also recently weighed in on the company. BidaskClub upgraded Advanced Drainage Systems from a sell rating to a hold rating in a report on Wednesday, August 9th. ValuEngine cut Advanced Drainage Systems from a hold rating to a sell rating in a research report on Tuesday, August 8th. Zacks Investment Research cut Advanced Drainage Systems from a buy rating to a sell rating in a research report on Thursday, August 10th. Boenning Scattergood reissued a hold rating on shares of Advanced Drainage Systems in a research report on Thursday, August 3rd. Finally, TheStreet cut Advanced Drainage Systems from a b- rating to a c+ rating in a research 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 stock. The company currently has an average rating of Hold and an average price target of $24.33.

Shares of Advanced Drainage Systems (WMS) traded up $0.10 during trading on Friday, reaching $23.45. The company’s stock had a trading volume of 311,713 shares, compared to its average volume of 364,732. Advanced Drainage Systems has a 52-week low of $17.90 and a 52-week high of $26.30. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 4.47. The company has a market cap of $1,275.24, a P/E ratio of 65.14 and a beta of 0.92.

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

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.19%. Advanced Drainage Systems’s dividend payout ratio is presently 75.68%.

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

Several hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP grew its stake 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 purchasing an additional 44,039 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Advanced Drainage Systems during the 3rd quarter worth approximately $372,000. Jane Street Group LLC bought a new stake in Advanced Drainage Systems during the 3rd quarter worth approximately $264,000. Stockbridge Partners LLC lifted its holdings in Advanced Drainage Systems by 12.8% during the 3rd quarter. Stockbridge Partners LLC now owns 3,756,420 shares of the construction company’s stock worth $76,068,000 after buying an additional 425,251 shares in the last quarter. Finally, Berkshire Partners LLC lifted its holdings in Advanced Drainage Systems by 154.4% during the 3rd quarter. Berkshire Partners LLC now owns 5,257,355 shares of the construction company’s stock worth $106,461,000 after buying an additional 3,191,003 shares in the last quarter. Institutional investors own 79.29% of the company’s stock.

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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