Press coverage about Advanced Drainage Systems (NYSE:WMS) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Advanced Drainage Systems earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 47.2148728054433 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

A number of equities research analysts recently issued reports on WMS shares. Barclays raised their price target on Advanced Drainage Systems from $29.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, August 13th. Zacks Investment Research raised Advanced Drainage Systems from a “sell” rating to a “hold” rating in a research note on Saturday, August 11th. ValuEngine raised Advanced Drainage Systems from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Robert W. Baird raised their price target on Advanced Drainage Systems from $29.00 to $32.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 30th. Finally, Citigroup raised their price objective on Advanced Drainage Systems from $29.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, July 23rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.25.

Shares of NYSE:WMS traded up $0.40 on Friday, reaching $31.90. The company had a trading volume of 190,133 shares, compared to its average volume of 334,671. The company has a current ratio of 2.22, a quick ratio of 1.10 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $1.78 billion, a PE ratio of 31.04 and a beta of 0.94. Advanced Drainage Systems has a 52-week low of $17.90 and a 52-week high of $33.50.

Advanced Drainage Systems (NYSE:WMS) last posted its quarterly earnings data on Thursday, August 9th. The construction company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.11. Advanced Drainage Systems had a return on equity of 47.60% and a net margin of 5.43%. The firm had revenue of $387.85 million during the quarter, compared to analysts’ expectations of $382.67 million. During the same quarter last year, the firm earned $0.28 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. research analysts predict that Advanced Drainage Systems will post 1.1 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Friday, August 31st were given a dividend of $0.08 per share. The ex-dividend date was Thursday, August 30th. This represents a $0.32 dividend on an annualized basis and a yield of 1.00%. Advanced Drainage Systems’s dividend payout ratio is currently 39.51%.

In related news, major shareholder Berkshire Partners Holdings Ll acquired 1,500,000 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The stock was acquired at an average price of $30.08 per share, with a total value of $45,120,000.00. Following the acquisition, the insider now directly owns 745,556 shares in the company, valued at approximately $22,426,324.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Ewout Leeuwenburg sold 30,000 shares of Advanced Drainage Systems stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $31.42, for a total value of $942,600.00. Following the completion of the transaction, the senior vice president now owns 73,062 shares of the company’s stock, valued at approximately $2,295,608.04. The disclosure for this sale can be found here. Insiders own 20.97% of the company’s stock.

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.

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