Advanced Drainage Systems, Inc. (NYSE:WMS) had its target price lifted by stock analysts at Robert W. Baird from $25.00 to $26.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price objective suggests a potential upside of 22.07% from the stock’s current price.

Several other brokerages have also recently weighed in on WMS. BidaskClub raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. ValuEngine cut shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Advanced Drainage Systems from a “buy” rating to a “sell” rating in a research report on Thursday, August 10th. Boenning Scattergood reissued a “hold” rating on shares of Advanced Drainage Systems in a research report on Thursday, August 3rd. Finally, TheStreet cut shares of Advanced Drainage Systems from a “b-” rating to a “c+” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.33.

Shares of Advanced Drainage Systems (NYSE:WMS) traded up $1.95 during mid-day trading on Friday, hitting $21.30. 748,475 shares of the stock traded hands, compared to its average volume of 368,278. The company has a debt-to-equity ratio of 6.16, a quick ratio of 1.02 and a current ratio of 2.17. The stock has a market cap of $1,176.74, a price-to-earnings ratio of 60.86 and a beta of 0.92.

Advanced Drainage Systems (NYSE:WMS) last announced its quarterly earnings results on Thursday, November 2nd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.08). The firm had revenue of $401.00 million for the quarter, compared to analyst estimates of $376.45 million. Advanced Drainage Systems had a net margin of 1.97% and a return on equity of 48.83%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. sell-side analysts expect that Advanced Drainage Systems will post 0.59 earnings per share for the current fiscal year.

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In related news, major shareholder Berkshire Partners Holdings Ll bought 3,446,293 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were bought at an average price of $20.32 per share, with a total value of $70,028,673.76. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert M. Klein sold 20,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $20.77, for a total transaction of $415,400.00. Following the completion of the transaction, the executive vice president now directly owns 340,205 shares in the company, valued at approximately $7,066,057.85. The disclosure for this sale can be found here. Corporate insiders own 21.43% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of WMS. BNP Paribas Arbitrage SA lifted its position in Advanced Drainage Systems by 133.4% in the second quarter. BNP Paribas Arbitrage SA now owns 5,259 shares of the construction company’s stock valued at $106,000 after buying an additional 3,006 shares during the last quarter. Manchester Capital Management LLC lifted its position in shares of Advanced Drainage Systems by 1.0% during the second quarter. Manchester Capital Management LLC now owns 9,770 shares of the construction company’s stock worth $196,000 after purchasing an additional 100 shares in the last quarter. Sei Investments Co. lifted its position in shares of Advanced Drainage Systems by 44.8% during the second quarter. Sei Investments Co. now owns 10,347 shares of the construction company’s stock worth $208,000 after purchasing an additional 3,199 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Advanced Drainage Systems during the first quarter worth about $238,000. Finally, FMR LLC acquired a new stake in shares of Advanced Drainage Systems during the second quarter worth about $245,000. 78.67% of the stock is currently owned by institutional investors.

Advanced Drainage Systems Company Profile

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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