Equities research analysts at Barclays started coverage on shares of Advanced Drainage Systems (NYSE:WMS) in a note issued to investors on Wednesday. The firm set an “equal weight” rating and a $24.00 price target on the construction company’s stock. Barclays’ target price would indicate a potential upside of 3.67% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Robert W. Baird reaffirmed a “buy” rating and set a $25.00 price target on shares of Advanced Drainage Systems in a research report on Wednesday, October 4th. TheStreet downgraded Advanced Drainage Systems from a “b-” rating to a “c+” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Finally, Citigroup initiated coverage on Advanced Drainage Systems in a report on Wednesday, November 29th. They set a “neutral” rating and a $26.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned 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 $24.60.

Advanced Drainage Systems (NYSE:WMS) traded down $0.60 on Wednesday, reaching $23.15. The company’s stock had a trading volume of 226,400 shares, compared to its average volume of 361,031. The company has a market cap of $1,328.37, a price-to-earnings ratio of 67.86 and a beta of 1.04. The company has a debt-to-equity ratio of 4.47, a current ratio of 2.26 and a quick ratio of 1.32. Advanced Drainage Systems has a fifty-two week low of $17.90 and a fifty-two week high of $26.30.

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

In related news, COO Thomas M. Fussner sold 18,325 shares of the company’s 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 sale, the chief operating officer now owns 549,519 shares in the company, valued at approximately $13,007,114.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Ronald R. Vitarelli sold 5,000 shares of the company’s 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 sale, the chief operating officer now owns 54,698 shares in the company, valued at approximately $1,260,241.92. The disclosure for this sale can be found here. 21.43% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of WMS. Sei Investments Co. grew its stake in shares of Advanced Drainage Systems by 44.8% in the 2nd quarter. Sei Investments Co. now owns 10,347 shares of the construction company’s stock worth $208,000 after buying an additional 3,199 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Advanced Drainage Systems by 7.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 146,769 shares of the construction company’s stock worth $2,951,000 after buying an additional 9,582 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Advanced Drainage Systems by 28.4% in the 2nd quarter. First Trust Advisors LP now owns 265,679 shares of the construction company’s stock worth $5,340,000 after buying an additional 58,820 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Advanced Drainage Systems by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 38,851 shares of the construction company’s stock worth $781,000 after buying an additional 178 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Advanced Drainage Systems by 133.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,259 shares of the construction company’s stock worth $106,000 after buying an additional 3,006 shares during the last quarter. Institutional investors own 80.58% of the company’s stock.

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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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