Today’s Market Runner: Is Advanced Drainage Systems Inc’s Fuel Running Low? The Stock Just Declined Again

Today's Market Runner: Is Advanced Drainage Systems Inc's Fuel Running Low? The Stock Just Declined Again

The stock of Advanced Drainage Systems Inc (NYSE:WMS) is a huge mover today! About 2.01M shares traded hands or 626.89% up from the average. Advanced Drainage Systems Inc (NYSE:WMS) has risen 17.26% since March 3, 2016 and is uptrending. It has outperformed by 8.91% the S&P500.
The move comes after 5 months negative chart setup for the $1.20B company. It was reported on Oct, 6 by Barchart.com. We have $19.82 PT which if reached, will make NYSE:WMS worth $96.00M less.

Advanced Drainage Systems Inc (NYSE:WMS) Ratings Coverage

Out of 3 analysts covering Advanced Drainage Systems (NYSE:WMS), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Advanced Drainage Systems has been the topic of 7 analyst reports since November 24, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Monday, January 11 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Wednesday, February 24 with “Outperform”. Deutsche Bank downgraded Advanced Drainage Systems Inc (NYSE:WMS) on Tuesday, November 24 to “Hold” rating. RBC Capital Markets maintained Advanced Drainage Systems Inc (NYSE:WMS) on Wednesday, June 8 with “Outperform” rating. The firm earned “Hold” rating on Wednesday, June 8 by Deutsche Bank. The stock of Advanced Drainage Systems Inc (NYSE:WMS) has “Hold” rating given on Thursday, March 31 by Deutsche Bank. Boenning & Scattergood downgraded the shares of WMS in a report on Thursday, August 11 to “Neutral” rating.

According to Zacks Investment Research, “Advanced Drainage Systems, Inc. is a manufacturer of thermoplastic corrugated pipe, providing a comprehensive suite of water management products and drainage solutions for use in the construction and infrastructure marketplace. The company provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising PVC drainage structures, fittings and filters, and water quality filters and separators. Its products are used across a broad range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. Advanced Drainage Systems, Inc. is headquartered in Hilliard, Ohio.”

Insitutional Activity: The institutional sentiment is 1.58 in 2016 Q2. Its the same as in 2016Q1. The ratio is the same, as 11 funds sold all Advanced Drainage Systems Inc shares owned while 25 reduced positions. only 15 funds bought stakes while 42 increased positions. They now own 38.73 million shares or 3.99% more from 37.25 million shares in 2016Q1.
Schwab Charles Inv Mngmt holds 0% of its portfolio in Advanced Drainage Systems Inc (NYSE:WMS) for 109,781 shares. Swiss Commercial Bank last reported 0% of its portfolio in the stock. Blackrock Gru Limited reported 99,247 shares or 0% of all its holdings. Impax Asset Mngmt accumulated 1.06 million shares or 1.45% of the stock. Stockbridge Limited Liability has 3.55M shares for 5.08% of their US portfolio. Stifel Fincl Corp has 35,231 shares for 0% of their US portfolio. Ranger Invest Mngmt Ltd Partnership holds 1.15% of its portfolio in Advanced Drainage Systems Inc (NYSE:WMS) for 683,690 shares. Nationwide Fund Advisors last reported 0% of its portfolio in the stock. Qs Lc holds 0% or 15 shares in its portfolio. Jpmorgan Chase And owns 890,454 shares or 0.01% of their US portfolio. Tiaa Cref Investment Mgmt Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Neuberger Berman Group Ltd Company accumulated 1.15 million shares or 0.04% of the stock. The Switzerland-based Gam Holding Ag has invested 0.01% in Advanced Drainage Systems Inc (NYSE:WMS). Benjamin F Edwards Incorporated, a Missouri-based fund reported 253 shares. The Pennsylvania-based Pnc Svcs Gp Inc has invested 0.01% in Advanced Drainage Systems Inc (NYSE:WMS).

More notable recent Advanced Drainage Systems Inc (NYSE:WMS) news were published by: Nasdaq.com which released: “Advanced Drainage Systems Inc. Reveals 80% Gain In Q1 Profit” on October 06, 2016, also Finance.Yahoo.com with their article: “Advanced Drainage Systems, Inc. Announces Annual Meeting of Stockholders” published on September 15, 2016, Businesswire.com published: “Advanced Drainage Systems Hosts Ceremonial Event to Mark Construction of New …” on October 04, 2016. More interesting news about Advanced Drainage Systems Inc (NYSE:WMS) were released by: Bizjournals.com and their article: “Advanced Drainage Systems blames ‘tone at the top’ for accounting errors” published on March 30, 2016 as well as Nasdaq.com‘s news article titled: “Advanced Drainage Systems, Inc. (WMS) Ex-Dividend Date Scheduled for August 30 …” with publication date: August 29, 2016.

WMS Company Profile

Advanced Drainage Systems, Inc., incorporated on October 31, 1966, 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 Firm operates through two divisions: Domestic and International. The Company’s product line includes corrugated high density polyethylene (HDPE) pipe, polypropylene (PP) pipe and related water management products. The Company’s products are used across a range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. The Firm also offers various products categorized into storm and septic chambers, polyvinyl chloride (PVC) drainage structures, fittings and filters, and water quality filters and separators.

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