News headlines about Advanced Drainage Systems (NYSE:WMS) have trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Advanced Drainage Systems earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 45.5197966154264 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

A number of equities research analysts have issued reports on WMS shares. Robert W. Baird reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Advanced Drainage Systems in a research report on Wednesday, October 4th. Zacks Investment Research raised shares of Advanced Drainage Systems from a “sell” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Thursday, July 13th. Boenning Scattergood reaffirmed a “hold” rating on shares of Advanced Drainage Systems in a research report on Thursday, August 3rd. BidaskClub raised shares of Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, ValuEngine downgraded shares of Advanced Drainage Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Advanced Drainage Systems has a consensus rating of “Hold” and a consensus target price of $24.00.

Shares of Advanced Drainage Systems (NYSE WMS) traded down 1.50% during midday trading on Wednesday, reaching $19.70. 197,648 shares of the company’s stock were exchanged. Advanced Drainage Systems has a 12-month low of $18.40 and a 12-month high of $26.30. The stock has a market capitalization of $1.09 billion, a P/E ratio of 39.96 and a beta of 0.94. The firm has a 50-day moving average of $20.09 and a 200-day moving average of $20.80.

Advanced Drainage Systems (NYSE:WMS) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.06). The firm had revenue of $358.36 million for the quarter, compared to the consensus estimate of $372.63 million. Advanced Drainage Systems had a net margin of 2.50% and a return on equity of 62.10%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 earnings per share. Analysts anticipate that Advanced Drainage Systems will post $1.09 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.42%. Advanced Drainage Systems’s dividend payout ratio is currently 60.87%.

In related news, major shareholder Berkshire Partners Holdings Ll purchased 3,446,293 shares of Advanced Drainage Systems stock in a transaction dated Monday, August 7th. The stock was purchased at an average cost of $20.32 per share, for a total transaction of $70,028,673.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert M. Klein sold 20,000 shares of Advanced Drainage Systems stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $20.77, for a total transaction of $415,400.00. Following the completion of the sale, the executive vice president now owns 340,205 shares of the company’s stock, valued at $7,066,057.85. The disclosure for this sale can be found here. 21.43% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Advanced Drainage Systems (NYSE:WMS)

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