Advanced Drainage Systems, Inc. (WMS) Receives Consensus Rating of “Hold” from Analysts
Advanced Drainage Systems, Inc. (NYSE:WMS) has received a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $24.00.
A number of research analysts have weighed in on WMS shares. BidaskClub lowered Advanced Drainage Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Boenning Scattergood reaffirmed a “hold” rating on shares of Advanced Drainage Systems in a report on Thursday, May 25th. Zacks Investment Research raised Advanced Drainage Systems from a “sell” rating to a “buy” rating and set a $22.00 target price for the company in a report on Thursday, July 13th. ValuEngine downgraded Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Robert W. Baird reiterated a “buy” rating and set a $24.00 price target on shares of Advanced Drainage Systems in a research report on Friday, September 8th.
Shares of Advanced Drainage Systems (NYSE:WMS) opened at 19.85 on Tuesday. The stock has a 50 day moving average of $20.12 and a 200-day moving average of $20.99. Advanced Drainage Systems has a 12 month low of $18.40 and a 12 month high of $26.30. The company has a market cap of $1.10 billion, a PE ratio of 40.26 and a beta of 0.93.
Advanced Drainage Systems (NYSE:WMS) last posted its earnings results on Thursday, August 3rd. The construction company reported $0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.06). The company had revenue of $358.36 million for the quarter, compared to analysts’ expectations of $372.63 million. Advanced Drainage Systems had a net margin of 2.50% and a return on equity of 62.10%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 EPS. Equities analysts forecast that Advanced Drainage Systems will post $1.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.41%. Advanced Drainage Systems’s dividend payout ratio (DPR) is presently 60.87%.
In other news, major shareholder Berkshire Partners Holdings Ll bought 3,446,293 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average price of $20.32 per share, for a total transaction of $70,028,673.76. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Robert M. Klein sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $20.77, for a total value of $415,400.00. Following the completion of the sale, the executive vice president now owns 340,205 shares of the company’s stock, valued at approximately $7,066,057.85. The disclosure for this sale can be found here. Company insiders own 21.43% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in WMS. Teachers Advisors LLC lifted its position in Advanced Drainage Systems by 6.5% in the 4th quarter. Teachers Advisors LLC now owns 70,145 shares of the construction company’s stock worth $1,445,000 after buying an additional 4,305 shares during the last quarter. Wells Fargo & Company MN lifted its position in Advanced Drainage Systems by 19.3% in the 1st quarter. Wells Fargo & Company MN now owns 32,136 shares of the construction company’s stock worth $703,000 after buying an additional 5,205 shares during the last quarter. American Century Companies Inc. bought a new stake in Advanced Drainage Systems in the 1st quarter worth approximately $1,288,000. Bank of New York Mellon Corp lifted its position in Advanced Drainage Systems by 3.7% in the 1st quarter. Bank of New York Mellon Corp now owns 299,989 shares of the construction company’s stock worth $6,569,000 after buying an additional 10,730 shares during the last quarter. Finally, Swiss National Bank lifted its position in Advanced Drainage Systems by 3.4% in the 1st quarter. Swiss National Bank now owns 67,200 shares of the construction company’s stock worth $1,472,000 after buying an additional 2,200 shares during the last quarter. Institutional investors own 78.58% of the company’s stock.
About Advanced Drainage Systems
Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.
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