Barclays Lowers Advanced Drainage Systems (NYSE:WMS) Price Target to $172.00

Advanced Drainage Systems (NYSE:WMS) had its price target cut by Barclays from $194.00 to $172.00 in a research note released on Monday,Benzinga reports. They currently have an overweight rating on the construction company’s stock.

WMS has been the subject of several other reports. Robert W. Baird lowered their price objective on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating for the company in a report on Monday. Oppenheimer lowered their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a research note on Monday. KeyCorp reduced their price target on Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday. StockNews.com lowered Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Loop Capital reduced their target price on shares of Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.29.

Advanced Drainage Systems Price Performance

Shares of WMS stock opened at $130.31 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19. Advanced Drainage Systems has a fifty-two week low of $116.98 and a fifty-two week high of $184.27. The firm has a market cap of $10.10 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.19 and a beta of 1.53. The business’s 50 day moving average price is $150.43 and its 200-day moving average price is $158.96.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.23). Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. The company had revenue of $782.60 million during the quarter, compared to the consensus estimate of $819.41 million. During the same quarter last year, the firm earned $1.71 EPS. The business’s revenue was up .3% on a year-over-year basis. On average, equities research analysts anticipate that Advanced Drainage Systems will post 6.5 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, December 2nd. Advanced Drainage Systems’s dividend payout ratio (DPR) is 10.19%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WMS. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Advanced Drainage Systems by 319.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 151 shares of the construction company’s stock worth $26,000 after acquiring an additional 115 shares during the last quarter. West Oak Capital LLC raised its stake in shares of Advanced Drainage Systems by 133.3% in the second quarter. West Oak Capital LLC now owns 175 shares of the construction company’s stock worth $28,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Advanced Drainage Systems by 1,472.7% in the second quarter. Blue Trust Inc. now owns 173 shares of the construction company’s stock worth $30,000 after purchasing an additional 162 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Advanced Drainage Systems during the second quarter valued at $45,000. Finally, Huntington National Bank boosted its position in shares of Advanced Drainage Systems by 123.1% during the third quarter. Huntington National Bank now owns 386 shares of the construction company’s stock valued at $61,000 after buying an additional 213 shares during the last quarter. 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.