Shares of Advanced Drainage Systems Inc. (NYSE:WMS) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $25.00.

A number of analysts have weighed in on WMS shares. Zacks Investment Research lowered shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th. Boenning Scattergood lowered shares of Advanced Drainage Systems from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 11th. Royal Bank Of Canada reduced their price objective on shares of Advanced Drainage Systems from $29.00 to $26.00 and set an “outperform” rating for the company in a research note on Friday, October 7th. TheStreet upgraded shares of Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research note on Thursday, October 6th. Finally, RBC Capital Markets restated an “outperform” rating and set a $26.00 price objective (down from $29.00) on shares of Advanced Drainage Systems in a research note on Saturday, October 8th.

Shares of Advanced Drainage Systems (NYSE:WMS) traded down 0.24% during mid-day trading on Tuesday, hitting $21.10. 27,739 shares of the company were exchanged. The company has a 50 day moving average of $21.04 and a 200 day moving average of $24.16. Advanced Drainage Systems has a 52 week low of $17.72 and a 52 week high of $30.90. The company has a market capitalization of $1.15 billion, a P/E ratio of 45.67 and a beta of 1.02.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, October 6th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.13. The business earned $358 million during the quarter. Advanced Drainage Systems had a net margin of 2.63% and a return on equity of 219.21%. Equities analysts anticipate that Advanced Drainage Systems will post $1.09 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.13%.

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Advanced Drainage Systems during the third quarter valued at about $125,000. Teacher Retirement System of Texas raised its stake in shares of Advanced Drainage Systems by 32.2% in the second quarter. Teacher Retirement System of Texas now owns 5,636 shares of the company’s stock valued at $154,000 after buying an additional 1,372 shares during the period. Pitcairn Co. acquired a new stake in shares of Advanced Drainage Systems during the second quarter valued at about $224,000. Springbok Capital Management LLC acquired a new stake in shares of Advanced Drainage Systems during the first quarter valued at about $245,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Advanced Drainage Systems during the second quarter valued at about $287,000. Hedge funds and other institutional investors own 70.62% of the company’s stock.

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.

5 Day Chart for NYSE:WMS

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