Advanced Drainage Systems Inc (WMS) Given Average Rating of “Hold” by Brokerages

Shares of Advanced Drainage Systems Inc (NYSE:WMS) have earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $25.33.

WMS has been the topic of several analyst reports. Robert W. Baird reiterated a “buy” rating and issued a $25.00 target price on shares of Advanced Drainage Systems in a report on Wednesday, October 4th. TheStreet lowered shares of Advanced Drainage Systems from a “b-” rating to a “c+” rating in a report on Wednesday, October 25th. Citigroup initiated coverage on shares of Advanced Drainage Systems in a report on Wednesday, November 29th. They issued a “neutral” rating and a $26.00 target price on the stock. ValuEngine upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Finally, Zacks Investment Research upgraded shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Thursday, October 5th.

In related news, COO Ronald R. Vitarelli sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $23.04, for a total transaction of $115,200.00. Following the sale, the chief operating officer now directly owns 54,698 shares in the company, valued at $1,260,241.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Thomas M. Fussner sold 18,325 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now owns 549,519 shares in the company, valued at $13,007,114.73. The disclosure for this sale can be found here. Company insiders own 21.43% of the company’s stock.

Several large investors have recently modified their holdings of WMS. Berkshire Partners LLC raised its holdings in shares of Advanced Drainage Systems by 154.4% during the third quarter. Berkshire Partners LLC now owns 5,257,355 shares of the construction company’s stock worth $106,461,000 after acquiring an additional 3,191,003 shares during the period. Deprince Race & Zollo Inc. acquired a new stake in shares of Advanced Drainage Systems during the third quarter worth $26,964,000. Russell Investments Group Ltd. acquired a new stake in shares of Advanced Drainage Systems during the third quarter worth $9,196,000. Stockbridge Partners LLC raised its holdings in shares of Advanced Drainage Systems by 12.8% during the third quarter. Stockbridge Partners LLC now owns 3,756,420 shares of the construction company’s stock worth $76,068,000 after acquiring an additional 425,251 shares during the period. Finally, Impax Asset Management LTD raised its holdings in shares of Advanced Drainage Systems by 4.8% during the third quarter. Impax Asset Management LTD now owns 4,483,199 shares of the construction company’s stock worth $90,785,000 after acquiring an additional 203,697 shares during the period. Institutional investors and hedge funds own 80.54% of the company’s stock.

Advanced Drainage Systems (NYSE:WMS) opened at $24.00 on Monday. Advanced Drainage Systems has a 52 week low of $17.90 and a 52 week high of $25.90. The stock has a market cap of $1,342.34, a P/E ratio of 64.86 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 4.47.

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

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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.

Analyst Recommendations for Advanced Drainage Systems (NYSE:WMS)

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