Advanced Drainage Systems (NYSE:WMS) Downgraded to Sell Rating by StockNews.com

StockNews.com downgraded shares of Advanced Drainage Systems (NYSE:WMS) from a hold rating to a sell rating in a research report released on Friday.

Several other equities analysts also recently issued reports on the stock. Barclays reduced their price target on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Oppenheimer reduced their price objective 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. Loop Capital reduced their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, February 7th. KeyCorp dropped their price target 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. Finally, Robert W. Baird dropped their price target on shares of Advanced Drainage Systems from $174.00 to $161.00 and set an “outperform” rating on the stock in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $164.25.

Advanced Drainage Systems Stock Performance

Advanced Drainage Systems stock opened at $126.84 on Friday. The company has a market cap of $9.83 billion, a PE ratio of 21.21, a P/E/G ratio of 1.13 and a beta of 1.52. The company has a fifty day moving average price of $120.74 and a two-hundred day moving average price of $138.81. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.21 and a quick ratio of 2.15. Advanced Drainage Systems has a 12 month low of $110.75 and a 12 month high of $184.27.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, February 6th. The construction company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates 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 earnings per share for the current year.

Advanced Drainage Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, February 28th. This represents a $0.64 annualized dividend and a yield of 0.50%. Advanced Drainage Systems’s payout ratio is presently 10.70%.

Institutional Trading of Advanced Drainage Systems

Several institutional investors and hedge funds have recently bought and sold shares of WMS. Huntington National Bank raised its holdings in Advanced Drainage Systems by 123.1% during the 3rd quarter. Huntington National Bank now owns 386 shares of the construction company’s stock worth $61,000 after buying an additional 213 shares during the period. Millburn Ridgefield Corp increased its holdings in shares of Advanced Drainage Systems by 642.4% in the 3rd quarter. Millburn Ridgefield Corp now owns 490 shares of the construction company’s stock valued at $77,000 after purchasing an additional 424 shares during the period. CWM LLC lifted its position in shares of Advanced Drainage Systems by 18.1% in the third quarter. CWM LLC now owns 555 shares of the construction company’s stock worth $87,000 after purchasing an additional 85 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Advanced Drainage Systems by 12.7% in the fourth quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock worth $90,000 after purchasing an additional 88 shares in the last quarter. Finally, Spire Wealth Management purchased a new stake in shares of Advanced Drainage Systems in the fourth quarter worth approximately $94,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

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.