Advanced Drainage Systems (NYSE:WMS) Price Target Lowered to $180.00 at KeyCorp

Advanced Drainage Systems (NYSE:WMS) had its target price decreased by KeyCorp from $195.00 to $180.00 in a research note published on Monday morning,Benzinga reports. KeyCorp currently has an overweight rating on the construction company’s stock.

A number of other brokerages also recently issued reports on WMS. Loop Capital lowered their price objective on Advanced Drainage Systems from $188.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Barclays cut their price target on Advanced Drainage Systems from $202.00 to $194.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. Robert W. Baird decreased their target price on shares of Advanced Drainage Systems from $200.00 to $187.00 and set an “outperform” rating for the company in a research report on Friday, August 9th. StockNews.com lowered Advanced Drainage Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Oppenheimer reissued an “outperform” rating and set a $192.00 target price on shares of Advanced Drainage Systems in a research report on Thursday, August 15th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $170.29.

Advanced Drainage Systems Price Performance

NYSE:WMS opened at $133.05 on Monday. Advanced Drainage Systems has a 52 week low of $116.98 and a 52 week high of $184.27. The firm’s 50-day simple moving average is $150.64 and its 200 day simple moving average is $159.16. The firm has a market cap of $10.31 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 1.19 and a beta of 1.53. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.15 and a current ratio of 3.19.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings results on Friday, November 8th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.23). Advanced Drainage Systems had a return on equity of 40.31% and a net margin of 16.89%. The firm had revenue of $782.60 million for the quarter, compared to analyst estimates of $819.41 million. During the same quarter in the prior year, the business posted $1.71 EPS. The business’s revenue was up .3% on a year-over-year basis. As a group, sell-side analysts predict that Advanced Drainage Systems will post 6.5 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.16 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.64 annualized dividend and a yield of 0.48%. Advanced Drainage Systems’s payout ratio is 10.19%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Management LLC raised its holdings in Advanced Drainage Systems by 1.7% in the third quarter. MetLife Investment Management LLC now owns 37,662 shares of the construction company’s stock worth $5,919,000 after buying an additional 646 shares during the last quarter. Fernbridge Capital Management LP boosted its stake in shares of Advanced Drainage Systems by 108.2% in the 3rd quarter. Fernbridge Capital Management LP now owns 253,549 shares of the construction company’s stock worth $39,848,000 after buying an additional 131,781 shares during the last quarter. Townsquare Capital LLC grew its stake in shares of Advanced Drainage Systems by 5.1% during the 3rd quarter. Townsquare Capital LLC now owns 5,213 shares of the construction company’s stock valued at $819,000 after purchasing an additional 255 shares during the period. Thematics Asset Management grew its position in Advanced Drainage Systems by 4.5% during the third quarter. Thematics Asset Management now owns 93,500 shares of the construction company’s stock valued at $14,694,000 after buying an additional 4,000 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Advanced Drainage Systems in the 3rd quarter worth $1,263,000. Institutional investors 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.