Advanced Drainage Systems (NYSE:WMS) was upgraded by equities research analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued on Tuesday.

Other research analysts have also recently issued reports about the stock. Barclays started coverage on shares of Advanced Drainage Systems in a report on Wednesday, December 20th. They issued an “equal weight” rating and a $24.00 price target on the stock. ValuEngine raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Zacks Investment Research raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Wednesday. Citigroup started coverage on shares of Advanced Drainage Systems in a report on Wednesday, November 29th. They issued a “neutral” rating and a $26.00 price target on the stock. Finally, Robert W. Baird increased their price target on shares of Advanced Drainage Systems from $28.00 to $29.00 and gave the company an “outperform” rating in a report on Friday, February 9th. One investment 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’s stock. Advanced Drainage Systems has a consensus rating of “Hold” and an average price target of $25.40.

Advanced Drainage Systems (NYSE:WMS) opened at $26.90 on Tuesday. The firm has a market cap of $1,500.00, a PE ratio of 53.80 and a beta of 1.00. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 4.47. Advanced Drainage Systems has a fifty-two week low of $17.90 and a fifty-two week high of $27.30.

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

In other news, COO Ronald R. Vitarelli sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $23.04, for a total transaction of $115,200.00. Following the transaction, the chief operating officer now directly owns 54,698 shares of the company’s stock, valued at $1,260,241.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas M. Fussner sold 18,325 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $23.67, for a total transaction of $433,752.75. Following the transaction, the chief operating officer now directly owns 549,519 shares in the company, valued at $13,007,114.73. The disclosure for this sale can be found here. Insiders have sold 43,325 shares of company stock worth $1,081,553 over the last ninety days. Insiders own 21.43% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Koch Industries Inc. bought a new position in shares of Advanced Drainage Systems during the fourth quarter worth approximately $217,000. UBS Asset Management Americas Inc. bought a new position in shares of Advanced Drainage Systems during the fourth quarter worth approximately $221,000. FMR LLC bought a new position in shares of Advanced Drainage Systems during the second quarter worth approximately $245,000. Valeo Financial Advisors LLC bought a new position in shares of Advanced Drainage Systems during the fourth quarter worth approximately $298,000. Finally, Jane Street Group LLC bought a new position in shares of Advanced Drainage Systems during the third quarter worth approximately $264,000. 81.88% of the stock is currently 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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