Advanced Drainage Systems (NYSE:WMS) Research Coverage Started at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft initiated coverage on shares of Advanced Drainage Systems (NYSE:WMS) in a research report sent to investors on Tuesday morning, MarketBeat reports. The brokerage issued a buy rating and a $134.00 price objective on the construction company’s stock.

Several other equities analysts have also issued reports on WMS. Barclays cut their price objective on shares of Advanced Drainage Systems from $160.00 to $149.00 and set an “overweight” rating on the stock in a report on Friday, February 7th. Stephens reissued an “equal weight” rating and issued a $135.00 price target on shares of Advanced Drainage Systems in a research report on Friday, February 7th. StockNews.com raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, March 5th. UBS Group upgraded shares of Advanced Drainage Systems from a “neutral” rating to a “buy” rating and set a $155.00 target price for the company in a report on Wednesday, January 8th. Finally, Loop Capital cut their price objective on shares of Advanced Drainage Systems from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $160.89.

Advanced Drainage Systems Stock Down 6.2 %

Shares of NYSE:WMS opened at $103.15 on Tuesday. The business’s 50 day moving average is $115.51 and its 200 day moving average is $129.32. The stock has a market cap of $8.00 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. Advanced Drainage Systems has a 52-week low of $101.59 and a 52-week high of $184.27. The company has a quick ratio of 1.98, a current ratio of 3.21 and a debt-to-equity ratio of 0.93.

Advanced Drainage Systems (NYSE:WMS) last issued its earnings results on Thursday, February 6th. The construction company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.25). Advanced Drainage Systems had a return on equity of 35.79% and a net margin of 15.90%. Sell-side analysts predict that Advanced Drainage Systems will post 6.1 EPS for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, February 28th. Advanced Drainage Systems’s payout ratio is 10.70%.

Institutional Trading of Advanced Drainage Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Advanced Drainage Systems by 8.8% in the 3rd quarter. State Street Corp now owns 2,541,688 shares of the construction company’s stock worth $399,452,000 after buying an additional 206,105 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Advanced Drainage Systems by 50.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 96,764 shares of the construction company’s stock valued at $11,186,000 after acquiring an additional 32,418 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Advanced Drainage Systems in the third quarter worth $2,694,000. KBC Group NV raised its holdings in shares of Advanced Drainage Systems by 21.2% during the fourth quarter. KBC Group NV now owns 738,749 shares of the construction company’s stock worth $85,399,000 after purchasing an additional 129,252 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Advanced Drainage Systems by 5.2% during the third quarter. Geode Capital Management LLC now owns 1,186,878 shares of the construction company’s stock valued at $186,578,000 after purchasing an additional 59,158 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Advanced Drainage Systems Company Profile

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.