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Advanced Drainage Systems (NYSE:WMS - Get Rating) had its target price lowered by stock analysts at Loop Capital from $158.00 to $124.00 in a research report issued on Friday, The Fly reports. Loop Capital's price objective would indicate a potential upside of 26.53% from the company's previous close.

Several other analysts also recently issued reports on WMS. Robert W. Baird cut their target price on shares of Advanced Drainage Systems from $158.00 to $137.00 and set an "outperform" rating on the stock in a research note on Friday, May 20th. StockNews.com assumed coverage on shares of Advanced Drainage Systems in a research note on Thursday, March 31st. They set a "hold" rating on the stock. TheStreet downgraded shares of Advanced Drainage Systems from a "b" rating to a "c+" rating in a research note on Thursday, May 19th. Morgan Stanley dropped their price target on shares of Advanced Drainage Systems from $142.00 to $120.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 28th. Finally, Barclays dropped their price target on shares of Advanced Drainage Systems from $162.00 to $138.00 and set an "overweight" rating on the stock in a research note on Friday, May 20th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $129.75.

Shares of NYSE:WMS opened at $98.00 on Friday. The stock has a fifty day moving average of $98.92 and a 200-day moving average of $111.57. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.97 and a current ratio of 2.23. Advanced Drainage Systems has a one year low of $80.81 and a one year high of $138.02. The company has a market capitalization of $8.32 billion, a PE ratio of 31.11 and a beta of 1.42.

Advanced Drainage Systems (NYSE:WMS - Get Rating) last announced its earnings results on Thursday, May 19th. The construction company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.18). Advanced Drainage Systems had a net margin of 9.75% and a return on equity of 37.32%. The firm had revenue of $678.20 million for the quarter, compared to analyst estimates of $623.91 million. During the same period last year, the firm earned $0.23 earnings per share. Advanced Drainage Systems's revenue for the quarter was up 52.8% compared to the same quarter last year. As a group, research analysts forecast that Advanced Drainage Systems will post 3.83 EPS for the current fiscal year.

In other Advanced Drainage Systems news, CAO Kevin C. Talley sold 26,500 shares of the stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of $90.54, for a total transaction of $2,399,310.00. Following the transaction, the chief accounting officer now directly owns 62,025 shares of the company's stock, valued at $5,615,743.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anil Seetharam sold 200,000 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $112.45, for a total transaction of $22,490,000.00. Following the transaction, the director now directly owns 6,167,265 shares in the company, valued at $693,508,949.25. The disclosure for this sale can be found here. Insiders sold 355,426 shares of company stock worth $38,979,477 over the last ninety days. 9.33% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. State Street Corp boosted its holdings in Advanced Drainage Systems by 5.7% during the fourth quarter. State Street Corp now owns 843,902 shares of the construction company's stock valued at $114,880,000 after acquiring an additional 45,708 shares during the period. Principal Financial Group Inc. boosted its holdings in Advanced Drainage Systems by 31.3% during the fourth quarter. Principal Financial Group Inc. now owns 49,030 shares of the construction company's stock valued at $6,674,000 after acquiring an additional 11,696 shares during the period. UMB Bank N A MO bought a new stake in Advanced Drainage Systems during the fourth quarter valued at about $86,000. Argent Capital Management LLC boosted its holdings in Advanced Drainage Systems by 1.5% during the fourth quarter. Argent Capital Management LLC now owns 23,814 shares of the construction company's stock valued at $3,242,000 after acquiring an additional 356 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Advanced Drainage Systems by 11.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 105,901 shares of the construction company's stock valued at $12,582,000 after acquiring an additional 11,303 shares during the period. 98.10% of the stock is currently owned by hedge funds and other institutional investors.

About Advanced Drainage Systems (Get Rating)

Advanced Drainage Systems, Inc designs, manufactures, and markets thermoplastic corrugated pipes and related water management products, and drainage solutions for use in the underground construction and infrastructure marketplace in the United States, Canada, Mexico, and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments.

Further ReadingGet a free copy of the StockNews.com research report on Advanced Drainage Systems (WMS)3 Grocery Stocks That Can Help Take a Bite Out of Inflation Credo Technology Stock is Rebounding Investing In Preferred Stock vs. Common StockProfiting From 52 Week Low StocksThree Cheap Stocks The Insiders Are Buying 

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