Advanced Drainage Systems
About: Advanced Drainage Systems Inc is the manufacturer of water management solutions in the stormwater and onsite septic wastewater industries, providing superior drainage solutions for use in the construction and agriculture marketplaces. Its products are used across a broad range of end markets and applications, including residential, non-residential, infrastructure and agriculture applications. It operates business in three distinct reportable segments: Pipe; International, and Infiltrator. It generates a greater proportion of revenue from its Pipe segment, which consists of Pipe product sales in the United States. The Infiltrator is a provider of plastic leachfield chambers and systems, septic tanks and accessories, for use in residential applications.
Employees: 6,000
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
34% more repeat investments, than reductions
Existing positions increased: 194 | Existing positions reduced: 145
24% more call options, than puts
Call options by funds: $34.8M | Put options by funds: $28.1M
1.13% more ownership
Funds ownership: 86.44% [Q4 2024] → 87.58% (+1.13%) [Q1 2025]
2% less first-time investments, than exits
New positions opened: 56 | Existing positions closed: 57
5% less capital invested
Capital invested by funds: $7.75B [Q4 2024] → $7.38B (-$369M) [Q1 2025]
1% less funds holding
Funds holding: 457 [Q4 2024] → 451 (-6) [Q1 2025]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q4 2024] → 3 (-1) [Q1 2025]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
UBS John Lovallo | 29%upside $146 | Buy Maintained | 16 May 2025 |
Oppenheimer Bryan Blair | 42%upside $160 | Outperform Maintained | 16 May 2025 |
Baird Michael Halloran | 25%upside $141 | Outperform Maintained | 16 May 2025 |
Loop Capital Garik Shmois | 18%upside $133 | Buy Maintained | 16 May 2025 |
Barclays Matthew Bouley | 19%upside $135 | Overweight Maintained | 16 May 2025 |
Financial journalist opinion
Based on 4 articles about WMS published over the past 30 days









