Advanced Drainage Systems (NYSE:WMS) received a $25.00 price target from stock analysts at Barclays in a note issued to investors on Monday. The brokerage presently has a “hold” rating on the construction company’s stock. Barclays’ price target suggests a potential downside of 7.24% from the stock’s current price.

WMS has been the subject of several other reports. Robert W. Baird raised their price target on Advanced Drainage Systems from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Friday. Citigroup assumed coverage on Advanced Drainage Systems in a report on Wednesday, November 29th. They set a “neutral” rating and a $26.00 price target for the company. ValuEngine upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Finally, TheStreet downgraded Advanced Drainage Systems from a “b-” rating to a “c+” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Advanced Drainage Systems currently has a consensus rating of “Hold” and an average target price of $25.40.

Advanced Drainage Systems (WMS) traded up $1.95 on Monday, reaching $26.95. The company’s stock had a trading volume of 356,681 shares, compared to its average volume of 232,456. The company has a debt-to-equity ratio of 4.47, a quick ratio of 1.32 and a current ratio of 2.26. The company has a market capitalization of $1,406.54, a P/E ratio of 36.45 and a beta of 1.00. Advanced Drainage Systems has a twelve month low of $17.90 and a twelve month high of $27.05.

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

In related news, COO Ronald R. Vitarelli sold 5,000 shares of Advanced Drainage Systems stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $23.04, for a total value of $115,200.00. Following the completion of the sale, the chief operating officer now directly owns 54,698 shares in the company, valued at approximately $1,260,241.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Thomas M. Fussner sold 18,325 shares of Advanced Drainage Systems stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $23.67, for a total value of $433,752.75. Following the completion of the sale, the chief operating officer now owns 549,519 shares of the company’s stock, valued at $13,007,114.73. The disclosure for this sale can be found here. 21.43% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WMS. Schwab Charles Investment Management Inc. increased its holdings in Advanced Drainage Systems by 7.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 146,769 shares of the construction company’s stock worth $2,951,000 after buying an additional 9,582 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Advanced Drainage Systems by 0.9% in the 2nd quarter. Alliancebernstein L.P. now owns 67,718 shares of the construction company’s stock worth $1,361,000 after buying an additional 609 shares in the last quarter. Northern Trust Corp increased its holdings in Advanced Drainage Systems by 2.3% in the 2nd quarter. Northern Trust Corp now owns 467,284 shares of the construction company’s stock worth $9,393,000 after buying an additional 10,324 shares in the last quarter. Vanguard Group Inc. increased its holdings in Advanced Drainage Systems by 3.2% in the 2nd quarter. Vanguard Group Inc. now owns 3,046,676 shares of the construction company’s stock worth $61,238,000 after buying an additional 95,375 shares in the last quarter. Finally, FMR LLC bought a new stake in Advanced Drainage Systems in the 2nd quarter worth about $245,000. Institutional investors own 81.88% of the company’s stock.

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Advanced Drainage Systems Company Profile

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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