Advanced Drainage Systems Inc (WMS) Receives $29.33 Average Target Price from Analysts

Shares of Advanced Drainage Systems Inc (NYSE:WMS) have earned an average recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $29.33.

Separately, Zacks Investment Research upgraded Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Friday, April 12th.

Shares of NYSE WMS traded down $0.87 during midday trading on Friday, hitting $27.02. 303,411 shares of the stock traded hands, compared to its average volume of 268,612. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 33.36 and a beta of 1.01. Advanced Drainage Systems has a one year low of $23.04 and a one year high of $33.50. The company has a quick ratio of 0.95, a current ratio of 2.24 and a debt-to-equity ratio of 1.26.

In other news, EVP Ronald R. Vitarelli sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $25.47, for a total transaction of $63,675.00. Following the completion of the sale, the executive vice president now owns 30,285 shares in the company, valued at $771,358.95. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 20.97% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in shares of Advanced Drainage Systems by 6.3% during the first quarter. Wellington Management Group LLP now owns 5,402,710 shares of the construction company’s stock valued at $139,228,000 after buying an additional 322,119 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Advanced Drainage Systems by 6.3% during the third quarter. Vanguard Group Inc. now owns 3,493,825 shares of the construction company’s stock valued at $107,959,000 after buying an additional 206,839 shares during the last quarter. Vanguard Group Inc boosted its position in shares of Advanced Drainage Systems by 6.3% during the third quarter. Vanguard Group Inc now owns 3,493,825 shares of the construction company’s stock valued at $107,959,000 after buying an additional 206,839 shares during the last quarter. Impax Asset Management Group plc boosted its position in shares of Advanced Drainage Systems by 0.4% during the fourth quarter. Impax Asset Management Group plc now owns 3,464,290 shares of the construction company’s stock valued at $84,009,000 after buying an additional 14,832 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Advanced Drainage Systems by 0.7% during the first quarter. BlackRock Inc. now owns 2,707,935 shares of the construction company’s stock valued at $69,785,000 after buying an additional 18,894 shares during the last quarter. 82.13% of the stock is currently owned by institutional investors.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States and internationally. The company offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators.

Further Reading: Percentage Gainers

Receive News & Ratings for Advanced Drainage Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Drainage Systems and related companies with MarketBeat.com's FREE daily email newsletter.