WMS Industries Inc Institutional Investor Sentiment Increased in 2018 Q1

July 27, 2018 - By Jason Dias

Sentiment for WMS Industries Inc (NYSE:WMS)

WMS Industries Inc (NYSE:WMS) institutional sentiment increased to 1.74 in Q1 2018. Its up 0.69, from 1.05 in 2017Q4. The ratio improved, as 61 hedge funds increased or started new equity positions, while 35 sold and trimmed holdings in WMS Industries Inc. The hedge funds in our partner’s database now own: 42.54 million shares, down from 42.54 million shares in 2017Q4. Also, the number of hedge funds holding WMS Industries Inc 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 $1.58 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 28.18 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 1.06% or $0.3 during the last trading session, reaching $27.9. About 190,131 shares traded. Advanced Drainage Systems, Inc. (NYSE:WMS) has risen 20.95% since July 27, 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, 9 before the open. 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 19.38 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 33% of Advanced Drainage Systems’s analysts are positive. Out of 3 Wall Street analysts rating Advanced Drainage Systems, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $25 while the high is $32. The stock’s average target of $30.33 is 8.71% above today’s ($27.9) share price. WMS was included in 5 notes of analysts from February 8, 2018. The company was maintained on Wednesday, May 30 by Barclays Capital. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, February 12. The rating was maintained by Robert W. Baird with “Buy” on Thursday, February 8. The stock of Advanced Drainage Systems, Inc. (NYSE:WMS) has “Neutral” rating given on Monday, July 23 by Citigroup. The firm earned “Outperform” rating on Wednesday, May 30 by Robert W. Baird.

Another recent and important Advanced Drainage Systems, Inc. (NYSE:WMS) news was published by Businesswire.com which published an article titled: “Advanced Drainage Systems to Announce First Quarter Fiscal 2019 Results on August 9, 2018” on July 19, 2018.

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

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