Advanced Drainage Systems, Inc. (NYSE:WMS) has been given an average recommendation of “Hold” by the nine ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $25.33.

A number of equities analysts have issued reports on the company. 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. Barclays assumed coverage on Advanced Drainage Systems in a research report on Wednesday, December 20th. They set an “equal weight” rating and a $24.00 price target on the stock. ValuEngine upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Citigroup assumed coverage on Advanced Drainage Systems in a research report on Wednesday, November 29th. They set a “neutral” rating and a $26.00 price target on the stock.

In other Advanced Drainage Systems news, COO Thomas M. Fussner sold 18,325 shares of the stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $23.67, for a total transaction of $433,752.75. Following the completion of the transaction, the chief operating officer now owns 549,519 shares of the company’s stock, valued at $13,007,114.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Ronald R. Vitarelli sold 5,000 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $23.04, for a total value of $115,200.00. Following the transaction, the chief operating officer now directly owns 54,698 shares of the company’s stock, valued at approximately $1,260,241.92. The disclosure for this sale can be found here. 21.43% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in WMS. GSA Capital Partners LLP increased its holdings in shares of Advanced Drainage Systems by 142.4% in the third quarter. GSA Capital Partners LLP now owns 74,970 shares of the construction company’s stock valued at $1,518,000 after purchasing an additional 44,039 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Advanced Drainage Systems in the third quarter valued at approximately $372,000. Jane Street Group LLC acquired a new stake in shares of Advanced Drainage Systems in the third quarter valued at approximately $264,000. Stockbridge Partners LLC increased its holdings in shares of Advanced Drainage Systems by 12.8% in the third quarter. Stockbridge Partners LLC now owns 3,756,420 shares of the construction company’s stock valued at $76,068,000 after purchasing an additional 425,251 shares during the last quarter. Finally, Berkshire Partners LLC increased its holdings in shares of Advanced Drainage Systems by 154.4% in the third quarter. Berkshire Partners LLC now owns 5,257,355 shares of the construction company’s stock valued at $106,461,000 after purchasing an additional 3,191,003 shares during the last quarter. 80.58% of the stock is owned by institutional investors and hedge funds.

Shares of Advanced Drainage Systems (NYSE:WMS) opened at $23.70 on Thursday. Advanced Drainage Systems has a one year low of $17.90 and a one year high of $26.30. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 4.47. The company has a market capitalization of $1,330.00, a PE ratio of 56.43 and a beta of 1.03.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, November 2nd. The construction company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.08). The company had revenue of $401.00 million during the quarter, compared to analysts’ expectations of $376.45 million. Advanced Drainage Systems had a return on equity of 41.08% and a net margin of 1.97%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 EPS. research analysts expect that Advanced Drainage Systems will post 0.53 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.18%. Advanced Drainage Systems’s payout ratio is currently 66.67%.

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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.

Analyst Recommendations for Advanced Drainage Systems (NYSE:WMS)

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