Shares of Advanced Drainage Systems Inc (NYSE:WMS) have been given an average recommendation of “Hold” by the seven research firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $29.33.
WMS has been the subject of a number of research reports. Zacks Investment Research raised shares of Advanced Drainage Systems from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Saturday, October 13th. Citigroup cut their price target on shares of Advanced Drainage Systems from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Monday, November 12th. Robert W. Baird cut their price target on shares of Advanced Drainage Systems from $35.00 to $34.00 and set an “outperform” rating for the company in a research note on Monday, November 12th. ValuEngine cut shares of Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research note on Monday, November 12th. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Advanced Drainage Systems in a research note on Friday, November 16th.
Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Advanced Drainage Systems during the 2nd quarter valued at $101,000. Tower Research Capital LLC TRC raised its holdings in Advanced Drainage Systems by 5,933.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,344 shares of the construction company’s stock valued at $134,000 after buying an additional 4,272 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Advanced Drainage Systems during the 3rd quarter valued at $209,000. Trexquant Investment LP bought a new stake in Advanced Drainage Systems during the 3rd quarter valued at $226,000. Finally, State Board of Administration of Florida Retirement System bought a new stake in Advanced Drainage Systems during the 3rd quarter valued at $250,000. 79.71% of the stock is owned by institutional investors.
WMS stock traded down $0.62 during midday trading on Monday, reaching $25.55. The company had a trading volume of 226,087 shares, compared to its average volume of 224,450. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.31 and a quick ratio of 1.19. Advanced Drainage Systems has a 1 year low of $21.70 and a 1 year high of $33.50. The stock has a market cap of $1.48 billion, a PE ratio of 31.54 and a beta of 1.06.
Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings results on Thursday, November 8th. The construction company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. Advanced Drainage Systems had a net margin of 6.20% and a return on equity of 46.15%. The business had revenue of $406.56 million during the quarter, compared to analysts’ expectations of $417.03 million. During the same quarter in the previous year, the company earned $0.29 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, research analysts expect that Advanced Drainage Systems will post 1.07 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Friday, November 30th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.25%. Advanced Drainage Systems’s dividend payout ratio (DPR) is 39.51%.
Advanced Drainage Systems Company Profile
Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.
See Also: Certificate of Deposit (CD)
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