Advanced Drainage Systems (NYSE:WMS) had its target price hoisted by Robert W. Baird from $28.00 to $29.00 in a research note released on Friday morning. Robert W. Baird currently has an outperform rating on the construction company’s stock.
A number of other equities analysts have also recently weighed in on the company. Barclays began coverage on Advanced Drainage Systems in a report on Wednesday, December 20th. They set an equal weight rating and a $24.00 price objective on the stock. Citigroup began coverage on Advanced Drainage Systems in a report on Wednesday, November 29th. They set a neutral rating and a $26.00 price objective on the stock. ValuEngine raised Advanced Drainage Systems from a sell rating to a hold rating in a report on Friday, November 17th. Finally, TheStreet cut Advanced Drainage Systems from a b- rating to a c+ rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Advanced Drainage Systems currently has a consensus rating of Hold and a consensus target price of $25.20.
Shares of Advanced Drainage Systems (WMS) opened at $25.00 on Friday. Advanced Drainage Systems has a 1-year low of $17.90 and a 1-year high of $25.70. The firm has a market capitalization of $1,345.15, a PE ratio of 33.78 and a beta of 1.00. 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 also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.12%. Advanced Drainage Systems’s dividend payout ratio is 37.84%.
In other Advanced Drainage Systems news, COO Thomas M. Fussner sold 18,325 shares of Advanced Drainage Systems stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $23.67, for a total value of $433,752.75. Following the transaction, the chief operating officer now directly owns 549,519 shares of the company’s stock, valued at approximately $13,007,114.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Ronald R. Vitarelli sold 5,000 shares of Advanced Drainage Systems stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $23.04, for a total value of $115,200.00. Following the completion of the transaction, the chief operating officer now directly owns 54,698 shares in the company, valued at $1,260,241.92. The disclosure for this sale can be found here. Company insiders own 21.43% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. UBS Asset Management Americas Inc. purchased a new position in Advanced Drainage Systems in the 4th quarter worth approximately $221,000. FMR LLC purchased a new position in Advanced Drainage Systems in the 2nd quarter worth approximately $245,000. Jane Street Group LLC purchased a new position in Advanced Drainage Systems in the 3rd quarter worth approximately $264,000. Valeo Financial Advisors LLC purchased a new position in Advanced Drainage Systems in the 4th quarter worth approximately $298,000. Finally, Voya Investment Management LLC increased its stake in Advanced Drainage Systems by 19.3% in the 2nd quarter. Voya Investment Management LLC now owns 15,631 shares of the construction company’s stock worth $314,000 after purchasing an additional 2,525 shares during the period. 81.45% of the stock is currently owned by institutional investors and hedge funds.
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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.
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