Barclays Lowers Advanced Drainage Systems (NYSE:WMS) Price Target to $149.00

Advanced Drainage Systems (NYSE:WMS) had its price target trimmed by Barclays from $160.00 to $149.00 in a report issued on Friday,Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

Several other analysts also recently weighed in on WMS. Loop Capital cut their price target on shares of Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Oppenheimer cut their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. KeyCorp lowered their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Stephens reiterated an “equal weight” rating and set a $135.00 price target on shares of Advanced Drainage Systems in a research note on Friday. Finally, UBS Group upgraded Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Advanced Drainage Systems has a consensus rating of “Moderate Buy” and a consensus price target of $164.25.

Advanced Drainage Systems Stock Up 2.3 %

NYSE:WMS opened at $120.41 on Friday. The stock has a fifty day simple moving average of $121.34 and a 200-day simple moving average of $140.35. The company has a current ratio of 3.21, a quick ratio of 2.15 and a debt-to-equity ratio of 0.93. The company has a market cap of $9.33 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52. Advanced Drainage Systems has a twelve month low of $110.75 and a twelve month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.25). Advanced Drainage Systems had a net margin of 15.90% and a return on equity of 35.79%. Analysts anticipate that Advanced Drainage Systems will post 6.12 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Friday, February 28th. Advanced Drainage Systems’s dividend payout ratio is currently 10.70%.

Hedge Funds Weigh In On Advanced Drainage Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp grew its stake in Advanced Drainage Systems by 8.8% in the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock worth $399,452,000 after acquiring an additional 206,105 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Advanced Drainage Systems by 50.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company’s stock valued at $11,186,000 after purchasing an additional 32,418 shares during the period. Zacks Investment Management acquired a new position in Advanced Drainage Systems in the third quarter valued at $2,694,000. Advantage Alpha Capital Partners LP purchased a new position in Advanced Drainage Systems during the third quarter worth about $8,540,000. Finally, Swedbank AB boosted its stake in Advanced Drainage Systems by 5.8% in the 3rd quarter. Swedbank AB now owns 1,384,276 shares of the construction company’s stock worth $217,553,000 after buying an additional 75,455 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.