Barclays Initiates Coverage on Advanced Drainage Systems (NYSE:WMS)

Lloyd Doyle
January 18, 2018

Accern also assigned media stories about the construction company an impact score of 45.7932108132315 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. Ejf Capital Llc who had been investing in Independent Bank Corp Mich for a number of months, seems to be less bullish one the $509.88M market cap company. The stock increased 1.72% or $0.8 during the last trading session, reaching $47.35. About 127,298 shares traded. It is down 0.13% since January 18, 2017 and is downtrending. It has outperformed by 22.81% the S&P500.

Berkshire Partners Llc increased its stake in Advanced Drain Sys Inc Del (WMS) by 154.43% based on its latest 2017Q3 regulatory filing with the SEC. The Ack Asset Management Llc holds 825,000 shares with $16.71M value, down from 1.38 million last quarter. The construction company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.36 by ($0.08). The company has market cap of $2.06 billion. The median estimate represents a 0.21% increase from the last price. Zacks Investment Research raised shares of Advanced Drainage Systems from a "sell" rating to a "hold" rating in a research report on Thursday, October 5th. It is down 0.00% since January 18, 2017 and is. It has underperformed by 16.83% the S&P500.

Analysts await Independent Bank Corporation (NASDAQ:IBCP) to report earnings on January, 25. A month ago, they told us to expect earnings of US$0.23 per share while three months ago their EPS consensus estimate was US$0.23. WMS's profit would be $9.51 million giving it 35.22 P/E if the $0.17 EPS is correct. After having $0.28 EPS previously, Capital Power Corporation's analysts see 67.86% EPS growth.

Investors sentiment increased to 1.59 in 2017 Q3. Its up 0.59, from 1 in 2017Q2. Also, COO Thomas M. Fussner sold 18,325 shares of the business's stock in a transaction dated Tuesday, December 5th. 69 funds opened positions while 264 raised stakes. Prtn Ltd Liability Company has invested 0.03% of its portfolio in America's Car-Mart, Inc. Btc Cap has invested 0.18% in Time Warner Inc. Prelude Mgmt Lc accumulated 6,000 shares. Par Capital Incorporated holds 0.63% or 2.74 million shares. Emerald Mutual Fund Advisers Trust stated it has 0.05% of its portfolio in Independent Bank Corporation (NASDAQ:IBCP). The company's stock had a trading volume of 223,881 shares, compared to its average volume of 211,453. Aqr Management Llc accumulated 0% or 6,581 shares. Peak6 Invests LP holds 0% or 29,535 shares in its portfolio. On Wednesday, August 17 the stock rating was maintained by Numis Securities with "Buy". The California-based Los Angeles Capital & Equity Rech has invested 0% in Independent Bank Corporation (NASDAQ:IBCP). Bnp Paribas Arbitrage holds 4,650 shares or 0% of its portfolio.

Several analysts have commented on the stock. The stock has "Hold" rating by Deutsche Bank on Thursday, March 31. The rating was downgraded by CL King to "Neutral" on Friday, November 20. As per Friday, February 3, the company rating was maintained by Cantor Fitzgerald. The rating was maintained by Keefe Bruyette & Woods with "Hold" on Thursday, December 21. Sc Xii Management Llc owns 7.75 million shares or 22.31% of their U.S. portfolio.

Barclays initiated coverage on shares of Advanced Drainage Systems (NYSE:WMS) in a note issued to investors on Wednesday, December 20th, MarketBeat Ratings reports.

Investors sentiment decreased to 0.76 in Q3 2017. Its up 0.59, from 1 in 2017Q2. It is positive, as 11 investors sold WMS shares while 23 reduced holdings. 18 funds opened positions while 36 raised stakes. Dimensional Fund Limited Partnership owns 611,249 shares. Geode Capital Management Ltd Limited Liability Company holds 0% in Advanced Drainage Systems, Inc. Advanced Drainage Systems, Inc. (NYSE:WMS) on Monday, January 11 with "Outperform" rating. 860,697 were accumulated by Invesco Limited. The Ontario - Canada-based Picton Mahoney Asset has invested 0.2% in Advanced Drainage Systems, Inc. Finally, Voya Investment Management LLC lifted its position in shares of Advanced Drainage Systems by 19.3% during the 2nd quarter. Price T Rowe Associate Md reported 15,997 shares. (NYSE:WMS). The New York-based Morgan Stanley has invested 0% in Advanced Drainage Systems, Inc. (NYSE:WMS) or 56,511 shares. (NYSE:WMS). Blackrock Inc owns 2.32M shares or 0% of their United States portfolio. Susquehanna Gru Llp reported 15,040 shares. State Street Corporation owns 662,761 shares for 0% of their portfolio. Principal Grp Incorporated invested 0% of its portfolio in Advanced Drainage Systems, Inc.

Camarda Financial Advisors Llc, which manages about $213.32M and $92.98 million US Long portfolio, decreased its stake in Blackstone Group LP (NYSE:BX) by 17,748 shares to 5,101 shares, valued at $170,000 in 2017Q3, according to the filing. Therefore 50% are positive.

Equities research analysts expect that Advanced Drainage Systems Inc (NYSE:WMS) will report earnings per share of $0.22 for the current quarter, according to Zacks Investment Research. Advanced Drainage Systems presently has a consensus rating of "Hold" and an average price target of $24.60. On Friday, October 7 the stock rating was maintained by RBC Capital Markets with "Outperform". Boenning & Scattergood maintained the shares of WMS in report on Friday, May 26 with "Hold" rating. (NYSE:WMS) rating on Monday, July 17.

COPYRIGHT VIOLATION WARNING: "Somewhat Favorable News Coverage Somewhat Unlikely to Impact Advanced Drainage Systems (WMS) Share Price" was originally reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. RBC Capital Markets has "Outperform" rating and $29 target. The company was maintained on Wednesday, February 24 by RBC Capital Markets. Stephens maintained the shares of CRMT in report on Tuesday, August 25 with "Equal-Weight" rating. The stock of Indivior PLC (LON:INDV) earned "Buy" rating by Stifel Nicolaus on Wednesday, November 25.

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