Advanced Drainage Systems (NYSE:WMS) Now Covered by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft assumed coverage on shares of Advanced Drainage Systems (NYSE:WMS) in a research note released on Tuesday, Marketbeat reports. The firm issued a buy rating and a $134.00 price target on the construction company’s stock.

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

Advanced Drainage Systems Trading Up 0.3 %

Shares of NYSE WMS opened at $109.01 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.98 and a current ratio of 3.21. The business’s 50 day moving average price is $116.29 and its 200-day moving average price is $129.64. Advanced Drainage Systems has a fifty-two week low of $101.90 and a fifty-two week high of $184.27. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 1.13 and a beta of 1.61.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly 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 net margin of 15.90% and a return on equity of 35.79%. On average, sell-side analysts expect that Advanced Drainage Systems will post 6.1 earnings per share for the current year.

Advanced Drainage Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.64 dividend on an annualized basis and a yield of 0.59%. Advanced Drainage Systems’s payout ratio is presently 10.70%.

Institutional Investors Weigh In On Advanced Drainage Systems

Large investors have recently made changes to their positions in the stock. UMB Bank n.a. boosted its holdings in Advanced Drainage Systems by 12.7% in the 4th quarter. UMB Bank n.a. now owns 781 shares of the construction company’s stock valued at $90,000 after purchasing an additional 88 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Advanced Drainage Systems by 12.0% during the fourth quarter. Blue Trust Inc. now owns 1,005 shares of the construction company’s stock worth $116,000 after purchasing an additional 108 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Advanced Drainage Systems by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,390 shares of the construction company’s stock worth $276,000 after buying an additional 119 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in Advanced Drainage Systems by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,812 shares of the construction company’s stock valued at $231,000 after purchasing an additional 125 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Advanced Drainage Systems by 18.3% in the 4th quarter. First Horizon Advisors Inc. now owns 884 shares of the construction company’s stock valued at $102,000 after purchasing an additional 137 shares in the last quarter. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

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.