ADVANCED DRAINAGE SYSTEMS (NYSE:WMS) Institutional Investor Sentiment Is 1.74

June 14, 2018 - By Marry Poplack

Sentiment for ADVANCED DRAINAGE SYSTEMS (NYSE:WMS)

ADVANCED DRAINAGE SYSTEMS (NYSE:WMS) institutional sentiment increased to 1.74 in 2018 Q1. Its up 0.69, from 1.05 in 2017Q4. The ratio has improved, as 61 active investment managers opened new and increased equity positions, while 35 cut down and sold stakes in ADVANCED DRAINAGE SYSTEMS. The active investment managers in our partner’s database now possess: 42.54 million shares, down from 42.54 million shares in 2017Q4. Also, the number of active investment managers holding ADVANCED DRAINAGE SYSTEMS in their top 10 equity positions was flat from 2 to 2 for the same number . Sold All: 8 Reduced: 27 Increased: 38 New Position: 23.

Advanced Drainage Systems, Inc. designs, makes, and markets thermoplastic corrugated pipes and related water management products for non-residential, residential, agriculture, and infrastructure applications in the United States and internationally. The company has market cap of $1.64 billion. The firm provides single, double, and triple wall corrugated polypropylene and polyethylene pipes; and allied products comprising storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators. It has a 29.24 P/E ratio. It also purchases and distributes construction fabrics, as well as other geosynthetic products for soil stabilization, reinforcement, filtration, separation, erosion control, and sub-surface drainage.

The stock decreased 0.34% or $0.1 during the last trading session, reaching $28.95. About 99,796 shares traded. Advanced Drainage Systems, Inc. (NYSE:WMS) has risen 20.95% since June 14, 2017 and is uptrending. It has outperformed by 8.38% the S&P500.

Analysts await Advanced Drainage Systems, Inc. (NYSE:WMS) to report earnings on August, 2. They expect $0.36 EPS, up 38.46 % or $0.10 from last year’s $0.26 per share. WMS’s profit will be $20.43 million for 20.10 P/E if the $0.36 EPS becomes a reality. After $-0.11 actual EPS reported by Advanced Drainage Systems, Inc. for the previous quarter, Wall Street now forecasts -427.27 % EPS growth.

Berkshire Partners Llc holds 14.53% of its portfolio in Advanced Drainage Systems, Inc. for 5.26 million shares. Ack Asset Management Llc owns 1.58 million shares or 10.26% of their US portfolio. Moreover, Stockbridge Partners Llc has 4.21% invested in the company for 3.76 million shares. The United Kingdom-based Impax Asset Management Ltd has invested 2.96% in the stock. Daiwa Sb Investments Ltd., a Japan-based fund reported 113,556 shares.

Advanced Drainage Systems, Inc. (NYSE:WMS) Ratings Coverage

Ratings analysis reveals 50% of Advanced Drainage Systems’s analysts are positive. Out of 2 Wall Street analysts rating Advanced Drainage Systems, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $24 while the high is $32. The stock’s average target of $30.50 is 5.35% above today’s ($28.95) share price. WMS was included in 5 notes of analysts from December 20, 2017. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, May 30 report. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, February 12. Robert W. Baird maintained Advanced Drainage Systems, Inc. (NYSE:WMS) on Wednesday, May 30 with “Outperform” rating. Robert W. Baird maintained the shares of WMS in report on Thursday, February 8 with “Buy” rating.

Advanced Drainage Systems, Inc. (NYSE:WMS) Ratings Chart

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