Barclays Has Lowered Expectations for Advanced Drainage Systems (NYSE:WMS) Stock Price

Advanced Drainage Systems (NYSE:WMS) had its price objective decreased by Barclays from $172.00 to $160.00 in a research report released on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the construction company’s stock.

Several other equities analysts have also recently weighed in on the stock. UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Wednesday, January 8th. Stephens reissued an “equal weight” rating and set a $135.00 price target (down from $170.00) on shares of Advanced Drainage Systems in a research report on Wednesday, November 13th. Loop Capital decreased their price objective on Advanced Drainage Systems from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Robert W. Baird dropped their target price on Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a report on Monday, November 11th. Finally, Oppenheimer decreased their price target on shares of Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating for the company in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $166.88.

Advanced Drainage Systems Trading Up 1.4 %

Shares of NYSE WMS opened at $124.07 on Thursday. The company has a quick ratio of 2.15, a current ratio of 3.19 and a debt-to-equity ratio of 0.97. Advanced Drainage Systems has a 12 month low of $110.75 and a 12 month high of $184.27. The company has a market cap of $9.62 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 1.08 and a beta of 1.51. The business has a fifty day simple moving average of $125.09 and a 200-day simple moving average of $144.83.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Friday, November 8th. The construction company reported $1.70 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.23). The firm had revenue of $782.60 million for the quarter, compared to analysts’ expectations of $819.41 million. Advanced Drainage Systems had a net margin of 16.89% and a return on equity of 40.31%. Advanced Drainage Systems’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.71 earnings per share. Sell-side analysts predict that Advanced Drainage Systems will post 6.12 EPS for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.16 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.64 annualized dividend and a yield of 0.52%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 10.19%.

Institutional Trading of Advanced Drainage Systems

Hedge funds have recently modified their holdings of the stock. Huntington National Bank raised its position in Advanced Drainage Systems by 123.1% in the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after purchasing an additional 213 shares during the last quarter. Millburn Ridgefield Corp raised its position in shares of Advanced Drainage Systems by 642.4% during the third quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock worth $77,000 after acquiring an additional 424 shares during the last quarter. CWM LLC lifted its stake in shares of Advanced Drainage Systems by 18.1% during the third quarter. CWM LLC now owns 555 shares of the construction company’s stock valued at $87,000 after acquiring an additional 85 shares during the period. UMB Bank n.a. boosted its holdings in Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after acquiring an additional 88 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Advanced Drainage Systems by 418.5% in the third quarter. Blue Trust Inc. now owns 897 shares of the construction company’s stock worth $144,000 after purchasing an additional 724 shares during the period. 89.83% of the stock is owned by institutional investors.

About Advanced Drainage Systems

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.