Advanced Drainage Systems Inc. (NYSE:WMS) will issue its Q117 quarterly earnings data on Thursday, October 6th.

Earnings History for Advanced Drainage Systems (NYSE:WMS)

Shares of Advanced Drainage Systems Inc. (NYSE:WMS) opened at 23.30 on Wednesday. The company has a 50-day moving average of $23.88 and a 200-day moving average of $24.65. The stock has a market capitalization of $1.72 billion, a P/E ratio of 86.30 and a beta of 0.85. Advanced Drainage Systems Inc. has a 12-month low of $17.72 and a 12-month high of $32.50.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, August 30th.

A number of analysts have commented on the stock. Zacks Investment Research lowered shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, September 20th. Boenning Scattergood lowered shares of Advanced Drainage Systems from an “outperform” rating to a “neutral” rating in a research report on Thursday, August 11th. TheStreet raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, June 7th. Deutsche Bank AG reissued a “hold” rating and issued a $25.00 price target (up from $24.00) on shares of Advanced Drainage Systems in a research report on Wednesday, June 8th. Finally, Royal Bank Of Canada increased their price target on shares of Advanced Drainage Systems from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.33.

Several hedge funds have recently bought and sold shares of WMS. BlackRock Inc. raised its position in shares of Advanced Drainage Systems by 9.4% in the second quarter. BlackRock Inc. now owns 15,906 shares of the company’s stock valued at $435,000 after buying an additional 1,364 shares during the last quarter. BlackRock Advisors LLC raised its position in shares of Advanced Drainage Systems by 5.5% in the second quarter. BlackRock Advisors LLC now owns 16,549 shares of the company’s stock valued at $453,000 after buying an additional 858 shares during the last quarter. American International Group Inc. raised its position in shares of Advanced Drainage Systems by 1.2% in the second quarter. American International Group Inc. now owns 19,994 shares of the company’s stock valued at $547,000 after buying an additional 238 shares during the last quarter. Rhumbline Advisers raised its position in shares of Advanced Drainage Systems by 7.1% in the second quarter. Rhumbline Advisers now owns 34,436 shares of the company’s stock valued at $943,000 after buying an additional 2,279 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of Advanced Drainage Systems during the second quarter valued at $1,069,000. 70.62% of the stock is owned by institutional investors and hedge funds.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures and markets thermoplastic corrugated pipe and related water management products. The Company operates through two segments: Domestic and International. Its product line includes corrugated high density polyethylene (HDPE) pipe, polypropylene (PP) pipe and related water management products.

5 Day Chart for NYSE:WMS

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