Advanced Drainage Systems (NYSE:WMS) Given New $160.00 Price Target at Loop Capital

Advanced Drainage Systems (NYSE:WMS) had its price objective trimmed by Loop Capital from $170.00 to $160.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

Other equities analysts have also issued reports about the stock. Barclays reduced their target price on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a research note on Friday. Stephens reiterated an “equal weight” rating and set a $135.00 price objective on shares of Advanced Drainage Systems in a report on Friday. Oppenheimer cut their target price on Advanced Drainage Systems from $192.00 to $184.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th. UBS Group raised shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a research note on Wednesday, January 8th. Finally, KeyCorp cut their price objective on shares of Advanced Drainage Systems from $195.00 to $180.00 and set an “overweight” rating on the stock in a research 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $164.25.

Advanced Drainage Systems Price Performance

Shares of WMS stock opened at $120.41 on Friday. The firm has a market cap of $9.33 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 1.13 and a beta of 1.52. Advanced Drainage Systems has a 12 month low of $110.75 and a 12 month high of $184.27. The company has a quick ratio of 2.15, a current ratio of 3.21 and a debt-to-equity ratio of 0.93. The stock has a 50-day moving average price of $121.34 and a 200 day moving average price of $140.35.

Advanced Drainage Systems (NYSE:WMS) last issued its quarterly earnings results on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Research analysts expect that Advanced Drainage Systems will post 6.12 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Friday, February 28th. Advanced Drainage Systems’s payout ratio is 10.70%.

Institutional Trading of Advanced Drainage Systems

A number of institutional investors have recently modified their holdings of the business. Wealthfront Advisers LLC purchased a new stake in Advanced Drainage Systems in the 4th quarter worth approximately $5,281,000. Isthmus Partners LLC increased its holdings in shares of Advanced Drainage Systems by 5.9% in the fourth quarter. Isthmus Partners LLC now owns 2,725 shares of the construction company’s stock worth $315,000 after purchasing an additional 153 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Advanced Drainage Systems by 5.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 102,517 shares of the construction company’s stock worth $11,851,000 after buying an additional 5,169 shares in the last quarter. Essex Investment Management Co. LLC boosted its stake in Advanced Drainage Systems by 29.8% during the fourth quarter. Essex Investment Management Co. LLC now owns 12,684 shares of the construction company’s stock valued at $1,466,000 after buying an additional 2,909 shares during the period. Finally, Amundi grew its position in Advanced Drainage Systems by 72.2% during the fourth quarter. Amundi now owns 854,764 shares of the construction company’s stock worth $98,678,000 after buying an additional 358,271 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other 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.