Advanced Drainage Systems (NYSE:WMS) Downgraded by Wall Street Zen to "Sell"

Advanced Drainage Systems (NYSE:WMS - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Other equities analysts have also issued reports about the company. Barclays increased their price target on Advanced Drainage Systems from $130.00 to $135.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. KeyCorp lowered their target price on Advanced Drainage Systems from $180.00 to $135.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. UBS Group reduced their price target on shares of Advanced Drainage Systems from $155.00 to $146.00 and set a "buy" rating on the stock in a research report on Friday, May 16th. Robert W. Baird decreased 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 research note on Friday, May 16th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Advanced Drainage Systems in a research report on Tuesday, April 1st. They set a "buy" rating and a $134.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $139.88.

Advanced Drainage Systems Price Performance

WMS stock opened at $118.56 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.10 and a current ratio of 3.33. The company's fifty day moving average price is $114.97 and its 200-day moving average price is $114.50. Advanced Drainage Systems has a one year low of $93.92 and a one year high of $179.57. The company has a market capitalization of $9.21 billion, a PE ratio of 20.58, a price-to-earnings-growth ratio of 1.70 and a beta of 1.24.

Advanced Drainage Systems (NYSE:WMS - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The construction company reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.09 by ($0.06). Advanced Drainage Systems had a net margin of 15.50% and a return on equity of 32.33%. The company had revenue of $615.76 million during the quarter, compared to the consensus estimate of $653.22 million. During the same quarter in the prior year, the firm posted $1.23 earnings per share. The business's revenue was down 5.8% on a year-over-year basis. On average, equities analysts anticipate that Advanced Drainage Systems will post 6.1 EPS for the current fiscal year.

Institutional Investors Weigh In On Advanced Drainage Systems

Several hedge funds and other institutional investors have recently made changes to their positions in WMS. Vanguard Group Inc. lifted its stake in shares of Advanced Drainage Systems by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company's stock worth $818,905,000 after acquiring an additional 204,826 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Advanced Drainage Systems by 50.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,114,224 shares of the construction company's stock valued at $338,360,000 after acquiring an additional 1,049,697 shares during the last quarter. Impax Asset Management Group plc increased its stake in Advanced Drainage Systems by 14.8% in the first quarter. Impax Asset Management Group plc now owns 2,904,414 shares of the construction company's stock worth $314,700,000 after purchasing an additional 374,414 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Advanced Drainage Systems by 63.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,064,527 shares of the construction company's stock worth $238,659,000 after purchasing an additional 799,569 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Advanced Drainage Systems by 2.7% during the first quarter. Invesco Ltd. now owns 1,734,537 shares of the construction company's stock worth $188,457,000 after purchasing an additional 45,993 shares during the last quarter. Hedge funds and other 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.

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