Advanced Drainage Systems (NYSE:WMS) Upgraded to “Hold” at Wall Street Zen

Advanced Drainage Systems (NYSE:WMS) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other research analysts have also recently issued reports on the company. Loop Capital dropped their price target on Advanced Drainage Systems from $143.00 to $133.00 and set a “buy” rating on the stock in a report on Friday, May 16th. Oppenheimer reiterated an “outperform” rating on shares of Advanced Drainage Systems in a research report on Friday. UBS Group reiterated a “buy” rating and set a $167.00 price objective (up from $146.00) on shares of Advanced Drainage Systems in a research report on Friday. Robert W. Baird lowered their price target on shares of Advanced Drainage Systems from $146.00 to $141.00 and set an “outperform” rating on the stock in a report on Friday, May 16th. Finally, KeyCorp upped their price objective on shares of Advanced Drainage Systems from $140.00 to $159.00 and gave the stock an “overweight” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $148.63.

Advanced Drainage Systems Stock Performance

Shares of NYSE WMS opened at $131.64 on Friday. The company has a quick ratio of 2.10, a current ratio of 3.22 and a debt-to-equity ratio of 0.82. The firm’s 50-day moving average price is $116.38 and its two-hundred day moving average price is $114.45. Advanced Drainage Systems has a 52-week low of $93.92 and a 52-week high of $166.03. The stock has a market capitalization of $10.22 billion, a P/E ratio of 23.76, a P/E/G ratio of 1.94 and a beta of 1.27.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings data on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.17. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%. The business had revenue of $829.88 million during the quarter, compared to the consensus estimate of $800.54 million. During the same period in the previous year, the firm posted $2.06 earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. As a group, sell-side analysts forecast that Advanced Drainage Systems will post 6.1 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC grew its position in Advanced Drainage Systems by 3.8% in the second quarter. Kingsview Wealth Management LLC now owns 7,118 shares of the construction company’s stock valued at $818,000 after purchasing an additional 259 shares in the last quarter. Westwood Holdings Group Inc. grew its position in Advanced Drainage Systems by 38.6% in the second quarter. Westwood Holdings Group Inc. now owns 251,483 shares of the construction company’s stock valued at $28,885,000 after purchasing an additional 70,048 shares in the last quarter. Cetera Investment Advisers grew its position in Advanced Drainage Systems by 12.6% in the second quarter. Cetera Investment Advisers now owns 17,274 shares of the construction company’s stock valued at $1,984,000 after purchasing an additional 1,929 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Advanced Drainage Systems by 7.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,140 shares of the construction company’s stock valued at $2,084,000 after purchasing an additional 1,265 shares in the last quarter. Finally, ABN Amro Investment Solutions bought a new position in Advanced Drainage Systems in the second quarter valued at $866,000. Institutional investors 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.