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Equities researchers at Barclays assumed coverage on shares of Advanced Drainage Systems (NYSE:WMS) in a research report issued on Wednesday. The firm set an “overweight” rating on the stock.

Advanced Drainage Systems (NYSE:WMS) opened at 19.01 on Wednesday. Advanced Drainage Systems has a 52-week low of $14.74 and a 52-week high of $19.60. The stock has a 50-day moving average of $16.47 and a 200-day moving average of $16.47. The company’s market cap is $1.003 billion.

In other Advanced Drainage Systems news, major shareholder Asp Ads Investco, Llc unloaded 514,286 shares of the stock on the open market in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $14.96, for a total transaction of $7,693,718.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

A number of other analysts have also recently weighed in on WMS. Analysts at Deutsche Bank initiated coverage on shares of Advanced Drainage Systems in a research note on Wednesday. They set a “buy” rating on the stock. Analysts at RBC Capital initiated coverage on shares of Advanced Drainage Systems in a research note on Wednesday. They set an “outperform” rating and a $21.00 price target on the stock.

Advanced Drainage Systems, Inc is a manufacturer of thermoplastic corrugated pipe, providing a comprehensive suite of water management products and superior drainage solutions for use in the construction and infrastructure marketplace.

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