Advanced Drainage Systems (NYSE:WMS - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday.
Several other equities analysts also recently commented on the company. UBS Group reiterated a "buy" rating and issued a $167.00 price objective (up previously from $146.00) on shares of Advanced Drainage Systems in a research note on Friday. KeyCorp upped their price objective on Advanced Drainage Systems from $140.00 to $159.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Loop Capital dropped their price objective on Advanced Drainage Systems from $143.00 to $133.00 and set a "buy" rating on the stock in a research note on Friday, May 16th. Oppenheimer restated an "outperform" rating on shares of Advanced Drainage Systems in a research report on Friday. Finally, Barclays increased their target price on Advanced Drainage Systems from $135.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $152.56.
View Our Latest Analysis on Advanced Drainage Systems
Advanced Drainage Systems Stock Performance
Shares of WMS stock traded up $3.76 during trading on Friday, hitting $140.54. The company's stock had a trading volume of 217,977 shares, compared to its average volume of 699,164. The company has a market cap of $10.93 billion, a PE ratio of 25.38, a P/E/G ratio of 1.91 and a beta of 1.27. The company has a current ratio of 3.22, a quick ratio of 2.25 and a debt-to-equity ratio of 0.82. The business has a fifty day moving average of $117.40 and a 200-day moving average of $114.49. Advanced Drainage Systems has a 52 week low of $93.92 and a 52 week high of $166.03.
Advanced Drainage Systems (NYSE:WMS - Get Free Report) last released its earnings results on Thursday, August 7th. The construction company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.17. The company had revenue of $829.88 million during the quarter, compared to analyst estimates of $800.54 million. Advanced Drainage Systems had a return on equity of 29.57% and a net margin of 14.82%. Advanced Drainage Systems's quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.06 earnings per share. As a group, research analysts anticipate that Advanced Drainage Systems will post 6.1 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Advanced Drainage Systems by 2.8% during the first quarter. Vanguard Group Inc. now owns 7,537,094 shares of the construction company's stock valued at $818,905,000 after purchasing an additional 204,826 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Advanced Drainage Systems by 50.8% during the first 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 purchasing an additional 1,049,697 shares during the last quarter. Impax Asset Management Group plc lifted its holdings in shares of Advanced Drainage Systems by 4.8% during the second quarter. Impax Asset Management Group plc now owns 3,043,909 shares of the construction company's stock valued at $348,709,000 after purchasing an additional 139,495 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 valued at $238,659,000 after purchasing an additional 799,569 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings 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 valued at $188,457,000 after purchasing an additional 45,993 shares during the last quarter. 89.83% of the stock is owned by institutional investors.
Advanced Drainage Systems Company Profile
(
Get Free Report)
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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