NYSE · Consumer Discretionary

ADVANCED DRAIN SYS INC DEL WMS

Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States, Canada, and internationally. The company operates through Stormwater and Wastewater segments.

Containers/Packaging

Company profile

Business mix

  • The company operates through Stormwater and Wastewater segments.
  • It also purchases and distributes construction fabrics and other geosynthetic products for soil stabilization, reinforcement, filtration, separation, erosion control, and sub-surface drainage, as well as drainage grates and other products.
  • In addition, the company provides PVC hubs, rubber sleeves, and stainless-steel bands; and channel drains, catch basins, grates, access boxes, and accessories engineered to capture, convey, and disperse stormwater.
  • It offers its products for non-residential, residential, agriculture, and infrastructure applications through a network of distribution centers.

Current key questions

  • Can orders, backlog, aftermarket demand, and end-market capital spending support growth in building products & equipment?
  • How do pricing, input costs, supply chain execution, and utilization affect margins?
  • Does capital allocation strengthen the company's competitive position across cycles?
Holders 3 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 23.88 FCF 5.71% Buyback -0.25%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Baillie Gifford legacy James Anderson 0.3% $280.8M 2026-03-31
Gotham Asset Management Joel Greenblatt 0.1% $40.4M 2026-03-31
Baron Capital Ron Baron 0.1% $39.9M 2026-03-31

Recent trading changes over the last 4 quarters

Net buyers 1 Last 4 13F filing periods
Net reducers 2 Last 4 13F filing periods
Unchanged holders 0 Share count unchanged
Increase amount $19.2M Estimated from net added shares
Reduction amount $61.5M Estimated from net reduced shares
Net share change / base shares -10.5% -308,690 / 2,941,919
Gotham Asset Management Joel Greenblatt 4 filing periods
13F 2025-06-30 Filed 2025-08-14
Minor reduction Shares -7.2% 13F value change -$310,577
13F 2025-09-30 Filed 2025-11-14
Major increase Shares 27.9% 13F value change +$9.0M
13F 2025-12-31 Filed 2026-02-17
Major increase Shares 30.3% 13F value change +$9.2M
13F 2026-03-31 Filed 2026-05-15
Major increase Shares 22.9% 13F value change +$5.7M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 154,997 Last 4 periods +139,731 (+90.2%) Total shares 294,728 Value $40.4M
Baron Capital Ron Baron 3 filing periods
13F 2025-09-30 Filed 2025-11-14
Minor increase Shares 0.0% 13F value change +$7.0M
13F 2025-12-31 Filed 2026-02-17
Unchanged Shares 0.0% 13F value change $0
13F 2026-03-31 Filed 2026-05-15
Minor reduction Shares -1.2% 13F value change -$2.8M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 294,603 Last 4 periods -3,451 (-1.2%) Total shares 291,152 Value $39.9M
Baillie Gifford legacy James Anderson 4 filing periods
13F 2025-06-30 Filed 2025-08-06
Minor reduction Shares -0.8% 13F value change +$13.2M
13F 2025-09-30 Filed 2025-10-31
Minor reduction Shares -3.1% 13F value change +$48.2M
13F 2025-12-31 Filed 2026-01-23
Minor reduction Shares -6.3% 13F value change -$7.2M
13F 2026-03-31 Filed 2026-05-08
Minor reduction Shares -8.8% 13F value change -$44.2M
Settlement As of 13F 2026-03-31 · Filed 2026-05-08
Base shares 2,492,319 Last 4 periods -444,970 (-17.9%) Total shares 2,047,349 Value $280.8M

Recent mentions

No public mentions.