Advanced Drainage Systems (NYSE:WMS) Upgraded by Jefferies Financial Group to “Strong-Buy” Rating

Advanced Drainage Systems (NYSE:WMS) was upgraded by Jefferies Financial Group to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently commented on WMS. Barclays lowered their target price on Advanced Drainage Systems from $198.00 to $181.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Oppenheimer decreased their price objective on Advanced Drainage Systems from $195.00 to $190.00 and set an “outperform” rating for the company in a report on Tuesday, May 26th. Stephens raised Advanced Drainage Systems from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $190.00 to $175.00 in a report on Wednesday, May 27th. Royal Bank Of Canada lifted their price objective on Advanced Drainage Systems from $168.00 to $170.00 and gave the stock an “outperform” rating in a report on Monday. Finally, UBS Group decreased their price objective on Advanced Drainage Systems from $215.00 to $205.00 and set a “buy” rating for the company in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $185.75.

Advanced Drainage Systems Trading Up 4.2%

NYSE WMS opened at $134.93 on Thursday. The stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.39 and a beta of 1.29. Advanced Drainage Systems has a one year low of $109.63 and a one year high of $179.32. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.42 and a quick ratio of 1.35. The business’s fifty day moving average is $141.80 and its 200-day moving average is $149.21.

Advanced Drainage Systems (NYSE:WMS) last released its earnings results on Thursday, May 21st. The construction company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.12. The company had revenue of $676.76 million for the quarter, compared to analysts’ expectations of $651.92 million. Advanced Drainage Systems had a return on equity of 26.63% and a net margin of 13.98%.The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. Equities research analysts predict that Advanced Drainage Systems will post 6.55 EPS for the current year.

Institutional Trading of Advanced Drainage Systems

A number of large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its position in Advanced Drainage Systems by 352.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 226 shares of the construction company’s stock worth $26,000 after buying an additional 176 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in Advanced Drainage Systems by 78.1% in the 1st quarter. SJS Investment Consulting Inc. now owns 244 shares of the construction company’s stock worth $33,000 after buying an additional 107 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Advanced Drainage Systems in the 3rd quarter worth approximately $36,000. Kestra Advisory Services LLC bought a new stake in Advanced Drainage Systems in the 4th quarter worth approximately $37,000. Finally, Los Angeles Capital Management LLC bought a new stake in Advanced Drainage Systems in the 4th quarter worth approximately $42,000. Institutional investors own 89.83% of the company’s stock.

About Advanced Drainage Systems

Advanced Drainage Systems, Inc (NYSE: WMS) is a leading manufacturer and supplier of water management solutions in North America. Headquartered in Hilliard, Ohio, the company specializes in the design, production and distribution of high-density polyethylene (HDPE) drainage pipe and related products. Its core business addresses stormwater management, on-site septic systems and erosion control for residential, commercial and infrastructure projects.

The company’s product portfolio includes corrugated plastic pipe, tubing, fittings, geocells, geogrids and stormwater structures such as inlets, manholes and detention/retention systems.