Advanced Drainage Systems (NYSE:WMS) Given New $181.00 Price Target at Barclays

Advanced Drainage Systems (NYSE:WMS) had its price objective trimmed by Barclays from $198.00 to $181.00 in a research report released on Wednesday,Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

Several other analysts also recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Advanced Drainage Systems in a research report on Wednesday, January 21st. KeyCorp increased their target price on Advanced Drainage Systems from $180.00 to $198.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Robert W. Baird set a $205.00 target price on Advanced Drainage Systems in a research report on Friday, February 6th. UBS Group set a $215.00 target price on Advanced Drainage Systems and gave the company a “buy” rating in a research report on Friday, February 6th. Finally, Royal Bank Of Canada increased their target price on Advanced Drainage Systems from $176.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $191.00.

Advanced Drainage Systems Price Performance

Shares of WMS stock opened at $147.38 on Wednesday. The company has a quick ratio of 3.08, a current ratio of 4.12 and a debt-to-equity ratio of 0.72. Advanced Drainage Systems has a twelve month low of $93.92 and a twelve month high of $179.32. The company has a market cap of $11.48 billion, a P/E ratio of 24.52, a P/E/G ratio of 1.47 and a beta of 1.37. The business has a fifty day simple moving average of $153.46 and a 200 day simple moving average of $148.99.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings data on Thursday, February 5th. The construction company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.16. Advanced Drainage Systems had a return on equity of 27.72% and a net margin of 15.75%.The business had revenue of $693.35 million during the quarter, compared to the consensus estimate of $686.37 million. During the same period in the prior year, the company earned $1.09 EPS. Advanced Drainage Systems’s revenue for the quarter was up .4% on a year-over-year basis. On average, sell-side analysts forecast that Advanced Drainage Systems will post 6.1 EPS for the current fiscal year.

Advanced Drainage Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, March 2nd. Advanced Drainage Systems’s dividend payout ratio is presently 11.98%.

Institutional Trading of Advanced Drainage Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mather Group LLC. bought a new position in shares of Advanced Drainage Systems during the third quarter worth about $28,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Advanced Drainage Systems by 352.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock worth $26,000 after acquiring an additional 176 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Advanced Drainage Systems during the third quarter worth about $33,000. Cullen Frost Bankers Inc. raised its position in shares of Advanced Drainage Systems by 1,242.1% during the third quarter. Cullen Frost Bankers Inc. now owns 255 shares of the construction company’s stock worth $35,000 after acquiring an additional 236 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Advanced Drainage Systems during the third quarter worth about $36,000. 89.83% of the stock is currently owned by institutional investors and hedge funds.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.