Advanced Drainage Systems (NYSE:WMS) had its target price hoisted by research analysts at Barclays from $25.00 to $29.00 in a report released on Wednesday. The firm presently has a “hold” rating on the construction company’s stock.

WMS has been the subject of a number of other research reports. Zacks Investment Research raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Friday, April 20th. TheStreet raised shares of Advanced Drainage Systems from a “c+” rating to a “b-” rating in a research report on Tuesday, February 13th. Finally, Robert W. Baird boosted their price objective on shares of Advanced Drainage Systems from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Advanced Drainage Systems has a consensus rating of “Hold” and an average target price of $29.25.

NYSE:WMS opened at $29.00 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 2.10 and a debt-to-equity ratio of 2.44. Advanced Drainage Systems has a 12 month low of $17.90 and a 12 month high of $31.00. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 37.04 and a beta of 0.88.

Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Tuesday, May 29th. The construction company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). Advanced Drainage Systems had a return on equity of 51.51% and a net margin of 4.62%. The company had revenue of $250.10 million during the quarter, compared to the consensus estimate of $253.38 million. During the same period last year, the firm posted ($0.22) EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. sell-side analysts forecast that Advanced Drainage Systems will post 1.07 earnings per share for the current year.

In other news, COO Ronald R. Vitarelli sold 5,500 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $27.16, for a total transaction of $149,380.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 21.43% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC boosted its holdings in Advanced Drainage Systems by 3.7% in the 4th quarter. Teachers Advisors LLC now owns 65,759 shares of the construction company’s stock worth $1,568,000 after buying an additional 2,356 shares during the period. Guggenheim Capital LLC boosted its holdings in Advanced Drainage Systems by 2.2% in the 1st quarter. Guggenheim Capital LLC now owns 145,098 shares of the construction company’s stock worth $3,758,000 after buying an additional 3,167 shares during the period. New York State Common Retirement Fund boosted its holdings in Advanced Drainage Systems by 9.3% in the 1st quarter. New York State Common Retirement Fund now owns 39,800 shares of the construction company’s stock worth $1,031,000 after buying an additional 3,400 shares during the period. Manchester Capital Management LLC boosted its holdings in Advanced Drainage Systems by 133.6% in the 1st quarter. Manchester Capital Management LLC now owns 6,820 shares of the construction company’s stock worth $177,000 after buying an additional 3,900 shares during the period. Finally, Picton Mahoney Asset Management boosted its holdings in Advanced Drainage Systems by 2.8% in the 4th quarter. Picton Mahoney Asset Management now owns 200,390 shares of the construction company’s stock worth $4,780,000 after buying an additional 5,500 shares during the period. 78.67% of the stock is owned by institutional investors.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products for non-residential, residential, agriculture, and infrastructure applications in the United States and internationally. The company provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.

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