Advanced Drainage Systems
About: Advanced Drainage Systems Inc is engaged in designing, manufacturing, and marketing thermoplastic corrugated pipe and related water management products in North and South America, and Europe. The company's operating segment includes Pipe; Infiltrator; International and Allied Products and Other. It generates maximum revenue from the Pipe segment. The company serves Agriculture; Aviation and Military; Mining; Residential; Transportation; Healthcare and Education and others.
Employees: 5,705
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
130% more call options, than puts
Call options by funds: $50.6M | Put options by funds: $22M
14% more first-time investments, than exits
New positions opened: 82 | Existing positions closed: 72
11% more repeat investments, than reductions
Existing positions increased: 187 | Existing positions reduced: 168
2% more funds holding
Funds holding: 485 [Q1] → 495 (+10) [Q2]
0.76% more ownership
Funds ownership: 81.6% [Q1] → 82.36% (+0.76%) [Q2]
6% less capital invested
Capital invested by funds: $10.9B [Q1] → $10.2B (-$672M) [Q2]
60% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 2 (-3) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Oppenheimer Bryan Blair 81% 1-year accuracy 22 / 27 met price target | 25%upside $192 | Outperform Reiterated | 15 Aug 2024 |
Loop Capital Garik Shmois 67% 1-year accuracy 4 / 6 met price target | 17%upside $180 | Buy Maintained | 12 Aug 2024 |
Barclays Matthew Bouley 70% 1-year accuracy 54 / 77 met price target | 26%upside $194 | Overweight Maintained | 9 Aug 2024 |
Baird Michael Halloran 67% 1-year accuracy 4 / 6 met price target | 22%upside $187 | Outperform Maintained | 9 Aug 2024 |