Shares of Advanced Drainage Systems Inc (NYSE:WMS) have been given a consensus recommendation of “Hold” by the six analysts that are covering the company. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $26.33.
WMS has been the topic of several research analyst reports. Zacks Investment Research raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st. Royal Bank of Canada reissued a “hold” rating and set a $25.00 price target on shares of Advanced Drainage Systems in a report on Monday, April 24th.
In other news, COO Ronald R. Vitarelli sold 6,000 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $22.37, for a total value of $134,220.00. Following the completion of the sale, the chief operating officer now directly owns 59,698 shares in the company, valued at approximately $1,335,444.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 22.55% of the company’s stock.
Large investors have recently bought and sold shares of the company. Sei Investments Co. bought a new stake in Advanced Drainage Systems during the first quarter valued at approximately $157,000. Manchester Capital Management LLC raised its stake in Advanced Drainage Systems by 3,123.3% in the first quarter. Manchester Capital Management LLC now owns 9,670 shares of the construction company’s stock valued at $212,000 after buying an additional 9,370 shares during the period. Gotham Asset Management LLC bought a new stake in Advanced Drainage Systems during the first quarter valued at approximately $238,000. Highbridge Capital Management LLC bought a new stake in Advanced Drainage Systems during the fourth quarter valued at approximately $278,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Advanced Drainage Systems during the fourth quarter valued at approximately $279,000. Hedge funds and other institutional investors own 69.78% of the company’s stock.
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Advanced Drainage Systems (NYSE:WMS) traded up 4.20% during mid-day trading on Tuesday, reaching $22.35. The company’s stock had a trading volume of 387,132 shares. The firm has a market cap of $1.23 billion, a PE ratio of 36.64 and a beta of 1.09. Advanced Drainage Systems has a 12-month low of $18.60 and a 12-month high of $28.49. The company has a 50-day moving average price of $22.47 and a 200-day moving average price of $22.02.
About Advanced Drainage Systems
Advanced Drainage Systems, Inc is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States.
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