Fintel reports that on January 8, 2025, UBS upgraded their outlook for Advanced Drainage Systems (NYSE:WMS) from Neutral to Buy.
Analyst Price Forecast Suggests 47.46% Upside
As of December 23, 2024, the average one-year price target for Advanced Drainage Systems is $167.96/share. The forecasts range from a low of $136.35 to a high of $193.20. The average price target represents an increase of 47.46% from its latest reported closing price of $113.90 / share.
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The projected annual revenue for Advanced Drainage Systems is 3,348MM, an increase of 14.89%. The projected annual non-GAAP EPS is 6.70.
What is the Fund Sentiment?
There are 997 funds or institutions reporting positions in Advanced Drainage Systems. This is an increase of 2 owner(s) or 0.20% in the last quarter. Average portfolio weight of all funds dedicated to WMS is 0.29%, an increase of 8.21%. Total shares owned by institutions increased in the last three months by 6.03% to 75,822K shares. 
The put/call ratio of WMS is 0.73, indicating a bullish outlook.
What are Other Shareholders Doing?
Pictet Asset Management Holding holds 3,229K shares representing 4.16% ownership of the company. In its prior filing, the firm reported owning 2,574K shares , representing an increase of 20.27%. The firm increased its portfolio allocation in WMS by 18.02% over the last quarter.
Baillie Gifford holds 3,039K shares representing 3.92% ownership of the company. In its prior filing, the firm reported owning 3,125K shares , representing a decrease of 2.83%. The firm decreased its portfolio allocation in WMS by 8.47% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,452K shares representing 3.16% ownership of the company. In its prior filing, the firm reported owning 2,448K shares , representing an increase of 0.16%. The firm decreased its portfolio allocation in WMS by 7.82% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 2,205K shares representing 2.84% ownership of the company. In its prior filing, the firm reported owning 2,119K shares , representing an increase of 3.90%. The firm decreased its portfolio allocation in WMS by 6.88% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 1,941K shares representing 2.50% ownership of the company. In its prior filing, the firm reported owning 1,948K shares , representing a decrease of 0.36%. The firm decreased its portfolio allocation in WMS by 10.91% over the last quarter.
Advanced Drainage Systems Background Information
(This description is provided by the company.)
Advanced Drainage Systems is a leading provider of innovative water management solutions in the stormwater and on-site septic wastewater industries, providing superior drainage solutions for use in the construction and agriculture marketplace. For over 50 years, the Company has been manufacturing a variety of innovative and environmentally friendly alternatives to traditional materials. Its innovative products are used across a broad range of end markets and applications, including non-residential, residential, infrastructure and agriculture applications. The Company has established a leading position in many of these end markets by leveraging its national sales and distribution platform, overall product breadth and scale and manufacturing excellence. Founded in 1966, the Company operates a global network of approximately 60 manufacturing plants and 30 distribution centers.
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