Advanced Drainage Systems (NYSE:WMS) had its price objective increased by investment analysts at Robert W. Baird from $28.00 to $29.00 in a note issued to investors on Friday. The brokerage currently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 16.00% from the company’s current price.

A number of other research firms have also recently commented on WMS. TheStreet cut shares of Advanced Drainage Systems from a “b-” rating to a “c+” rating in a research report on Wednesday, October 25th. Citigroup initiated coverage on Advanced Drainage Systems in a report on Wednesday, November 29th. They set a “neutral” rating and a $26.00 target price for the company. ValuEngine raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Finally, Barclays initiated coverage on Advanced Drainage Systems in a report on Wednesday, December 20th. They set an “equal weight” rating and a $24.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $25.20.

Advanced Drainage Systems (WMS) opened at $25.00 on Friday. The company has a current ratio of 2.26, a quick ratio of 1.32 and a debt-to-equity ratio of 4.47. Advanced Drainage Systems has a 52-week low of $17.90 and a 52-week high of $25.70. The company has a market cap of $1,345.15, a price-to-earnings ratio of 33.78 and a beta of 1.00.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, February 8th. The construction company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.27. Advanced Drainage Systems had a net margin of 3.67% and a return on equity of 56.36%. The firm had revenue of $320.83 million during the quarter, compared to analysts’ expectations of $320.41 million. During the same period in the previous year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. equities analysts predict that Advanced Drainage Systems will post 0.53 EPS for the current year.

In other news, COO Ronald R. Vitarelli sold 5,000 shares of Advanced Drainage Systems stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $23.04, for a total transaction of $115,200.00. Following the completion of the sale, the chief operating officer now owns 54,698 shares of the company’s stock, valued at $1,260,241.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Thomas M. Fussner sold 18,325 shares of Advanced Drainage Systems 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 sale, the chief operating officer now directly owns 549,519 shares of the company’s stock, valued at approximately $13,007,114.73. The disclosure for this sale can be found here. 21.43% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Stifel Financial Corp lifted its holdings in shares of Advanced Drainage Systems by 0.4% during the second quarter. Stifel Financial Corp now owns 40,687 shares of the construction company’s stock worth $813,000 after buying an additional 164 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Advanced Drainage Systems by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 28,011 shares of the construction company’s stock valued at $563,000 after purchasing an additional 346 shares in the last quarter. Alliancebernstein L.P. raised its stake in Advanced Drainage Systems by 0.9% in the second quarter. Alliancebernstein L.P. now owns 67,718 shares of the construction company’s stock valued at $1,361,000 after purchasing an additional 609 shares in the last quarter. Voya Investment Management LLC raised its stake in Advanced Drainage Systems by 19.3% in the second quarter. Voya Investment Management LLC now owns 15,631 shares of the construction company’s stock valued at $314,000 after purchasing an additional 2,525 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Advanced Drainage Systems by 2.2% in the second quarter. California Public Employees Retirement System now owns 188,900 shares of the construction company’s stock valued at $3,797,000 after purchasing an additional 4,100 shares in the last quarter. 81.45% of the stock is 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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