According to Bloomberg.com, the seven analysts following Advanced Drainage Systems, INC (NYSE: WMS) have given the company’s stock a recommendation of “Moderate Buy” on average.
This information was derived from the analysts’ ratings of the company’s stock.
A rating of “hold” has been placed on the stock by one of the analysts, while a rating of “buy” has been placed on the stock by the other analyst.
The average price objective for the next twelve months that brokerage firms that rated the company in the prior year have set is $124.60.
This price objective is for the company’s stock.
On Friday, March 3rd, Chief Administrative Officer Kevin C.
Talley sold 22,006 shares of the company’s stock.
This piece of information is relevant to the topic at hand.
The total value of the sold shares was $1,973,278.02, and the average price they were sold for was $89.67.
There was a total sale volume for the stock.
The completion of the transaction will result in the chief accounting officer having direct ownership of 40,019 shares in the company.
These shares are $3,588,503.73, making them a significant asset for the CFO.
If you follow this link, you will be taken to the filing submitted to the Securities and Exchange Commission, where the transaction was discussed, and it will take you there immediately.
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Research analysts have produced multiple pieces of written work using WMS as the subject of their investigation.
Barclays increased their price objective for Advanced Drainage Systems from $120.00 to $127.00 in a research note made available to the public on Wednesday, December 14th.
Deutsche Bank Aktiengesellschaft increased their price objective for Advanced Drainage Systems from $140.00 to $147.00 in a public research report on Monday, February 6th.
In a report on Friday, February 3rd, 2019, Loop Capital stated that they had decreased their price target on Advanced Drainage Systems shares.
The previous price target of $125.00 has been revised to $118.00.
Morgan Stanley gave the stock an “overweight” rating on February 7th, and the company lowered its target price for Advanced Drainage Systems shares from $120.00 to $110.00.
The new price goal for a share of the company’s stock is $110.00.
Large investors have been extremely active in the WMS stock market as of late, trading both buy and sell orders for shares.
During the final three months of 2018, Mather Group LLC made a 4.9% purchase of additional Advanced Drainage Systems stock, bringing the total percentage of that company’s shares it owned to 100%.
After purchasing an additional 136 shares throughout the relevant period, Mather Group LLC now has 2,916 shares of the construction company’s stock.
Based on the current market price, these shares are worth $239,000.
A previous estimation placed the value of these shares at $239,000.
Macquarie Group Ltd increased the proportion of Advanced Drainage Solutions in which it invested 24.0% during the fourth quarter.
Macquarie Group Ltd now has 93,142 shares in the construction business, having purchased an additional 18,041 shares during the most recent quarter for a total of 93,142 shares.
These shares are currently trading at a price corresponding to a market value of $7,635,000.
Linden Thomas Advisory Services, LLC was awarded a new position in advanced drainage systems worth more than $450,000 during the final three months of 2018.
During the fourth quarter, WealthPLAN Partners LLC acquired a new position in Advanced Drainage Solutions for approximately 466,000 dollars.
In the final three months of 2018, DZ BANK AG, also known as Deutsche Zentral Genossenschaftsbank Frankfurt am Main, increased its position in advanced drainage systems by 25.3%.
This was the highlight of the year for the company.
DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main currently holds 89,574 shares of the construction company’s stock, following the acquisition of an additional 18,074 shares during the most recent quarter.
The construction company’s stock has a combined value of $7,342,000 due to the combined value of all 89,574 shares.
At the moment, institutions own 83.46 percent of the equity in the company.
On Thursday, the NYSE WMS opened its trading session with a price of $79.78 per share.
The company’s market capitalization is currently at $6.48 billion, its PE ratio is currently at 14.37, and its beta is currently at 1.39.
During the last 52 weeks, the price of a share of Advanced Drainage Solutions stock has ranged from a low of $78.34 to a high of $153.36. Compared to the amount of equity, the debt is 1.34 times as high, the quick ratio is 1.89 times as high, and the current ratio is 3.13 times as high.
The company’s simple moving average over the past 50 days is $90.03, and its simple moving average over the past 200 days is, respectively, $102.28.
Advanced Drainage Systems (NYSE: WMS) disclosed the outcomes of its most recent quarterly financial report on Thursday, February 2nd.
The earnings per share for the construction company’s performance during the quarter came in at $0.99, $0.05 less than analysts’ consensus estimate of $1.04.
The performance of Advanced Drainage Systems was quite satisfactory, as evidenced by its net margin of 14.93% and return on equity of 50.65%, respectively. The actual revenue for the company during the quarter was $655.20 million, which is significantly lower than the industry analysts’ projections of $713.57 million in revenue for the company during the quarter. Compared to the previous year’s results for the same period, the company posted a profit of $0.86 per share.
The company’s revenue for the most recent quarter was 8.4% lower when compared to the revenue it generated during the same quarter the previous year.
Advanced Drainage Systems is expected to generate earnings of $5.79 per share in 2018, according to projections made by market analysts and research professionals.