Advanced Drainage Systems (WMS)

Company Profile

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.

Company profile

Ticker

WMS

Exchange

NYSE

Website

www.ads-pipe.com

CEO

D. Scott Barbour

Incorporated

Delaware

Location

Ohio

Fiscal year end

Mar 31

Sector

Manufacturing > Plastics Pipe and Pipe Fitting Manufacturing

Industry (SIC)

Plastics Foam Products

China XD Plastics • Axion International ...

SEC CIK

0001604028

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

ADS Ventures, Inc. • StormTech LLC • ADS Worldwide, Inc. • ADS Europe Holding B.V. • ADS Europe B.V. • ADS International, Inc. • ADS Mexicana, S.A. • ADSM Centro América, S.A. • CEDEIM Centro de Desarrollo, Educación e Investigación de México, S.A. de C.V. • Hancor of Canada, Inc. ...

WMS stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$116.67

Low target

$110.00

High target

$125.00

Latest filings (excl ownership)

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2 Feb 23

Advanced Drainage Systems Announces Third Quarter

2 Feb 23

8-K

Advanced Drainage Systems Announces Retirement of Roy Moore, Executive Vice President

17 Jan 23

8-K

Regulation FD Disclosure

3 Nov 22

Advanced Drainage Systems Announces Second Quarter

3 Nov 22

S-8

Registration of securities for employees

4 Aug 22

8-K

Advanced Drainage Systems Announces First Quarter

4 Aug 22

Advanced Drainage Systems Elects Kelly Gast to Board of Directors

21 Jul 22

Transcripts

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WMS

Earnings call transcript

2023 Q3

2 Feb 23

WMS

Earnings call transcript

2023 Q2

3 Nov 22

WMS

Earnings call transcript

2023 Q1

5 Aug 22

WMS

Earnings call transcript

2021 Q4

19 May 22

WMS

Earnings call transcript

2022 Q3

3 Feb 22

WMS

Earnings call transcript

2022 Q2

6 Nov 21

WMS

Earnings call transcript

2022 Q1

8 Aug 21

WMS

Earnings call transcript

2021 Q4

20 May 21

WMS

Earnings call transcript

2021 Q3

5 Feb 21

WMS

Earnings call transcript

2021 Q2

7 Nov 20

Latest ownership filings

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PRINCIPAL FINANCIAL GROUP INC

Financial summary

Financial statements Chart WMS financial data

Quarter (USD)	Dec 22	Sep 22	Jun 22	Mar 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Mar 22	Mar 21	Mar 20	Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	426.69 mm	426.69 mm	426.69 mm	426.69 mm	426.69 mm	426.69 mm
Cash burn (monthly)	10.22 mm	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	29.84 mm	n/a	n/a	n/a	n/a	n/a
Cash remaining	396.85 mm	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	38.8	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

WMS institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	355	375	-5.3%
Opened positions	68	89	-23.6%
Closed positions	88	42	+109.5%
Increased positions	143	127	+12.6%
Reduced positions	107	126	-15.1%

13F shares	Current	Prev Q	Change
Total value	5.17 tn	10.09 bn	+51143.0%
Total shares	83.64 mm	82.96 mm	+0.8%
Total puts	65.90 k	47.20 k	+39.6%
Total calls	48.00 k	49.30 k	-2.6%
Total put/call ratio	1.4	1.0	+43.4%

Largest owners	Shares	Value	Change
Advanced Drainage Systems, Inc. Employee Stock Ownership Plan	12.37 mm	$1.68 bn	0.0%
Vanguard	6.67 mm	$546.43 bn	+4.4%
BLK Blackrock	3.78 mm	$310.00 bn	+13.1%
Berkshire Partners	3.44 mm	$466.59 mm	0.0%
Bovill USA	3.31 mm	$0.00	0.0%
Impax Asset Management	2.80 mm	$229.11 bn	+12.0%
Capital International Investors	2.44 mm	$200.42 bn	-0.5%
Canada Pension Plan Investment Board	1.98 mm	$162.50 bn	-37.8%
IVZ Invesco	1.98 mm	$162.18 bn	+6.6%
Berkshire Partners	1.83 mm	$149.73 bn	0.0%

Largest transactions	Shares	Bought/sold	Change
Artisan Partners Limited Partnership	806.48 k	-1.47 mm	-64.5%
STT State Street	1.32 mm	+1.32 mm	NEW
Canada Pension Plan Investment Board	1.98 mm	-1.21 mm	-37.8%
JPM JPMorgan Chase & Co.	538.45 k	-846.55 k	-61.1%
MS Morgan Stanley	1.12 mm	+762.00 k	+210.6%
Robecosam	1.14 mm	+742.83 k	+188.1%
Loomis Sayles & Co L P	206.82 k	-642.94 k	-75.7%
Atlanta Capital Management Co L L C	0.00	-585.22 k	EXIT
Alyeska Investment	0.00	-545.34 k	EXIT
Norges Bank	497.43 k	+497.43 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

WMS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
7 Mar 23	Jones Ross M	Common Stock	Other	Acquire J	No	No	0	23,346	0.00	68,763
7 Mar 23	Jones Ross M	Common Stock	Other	Dispose J	Yes	No	0	28,880	0.00	0
7 Mar 23	Jones Ross M	Common Stock	Other	Dispose J	Yes	No	0	30,569	0.00	0
7 Mar 23	Jones Ross M	Common Stock	Other	Dispose J	Yes	No	0	1,767,235	0.00	1,467,649
7 Mar 23	Anil Seetharam	Common Stock	Other	Acquire J	Yes	No	0	466	0.00	1,196
7 Mar 23	Anil Seetharam	Common Stock	Other	Acquire J	No	No	0	2,131	0.00	9,040
7 Mar 23	Anil Seetharam	Common Stock	Other	Dispose J	Yes	No	0	28,880	0.00	0
7 Mar 23	Anil Seetharam	Common Stock	Other	Dispose J	Yes	No	0	30,569	0.00	0
7 Mar 23	Anil Seetharam	Common Stock	Other	Dispose J	Yes	No	0	1,767,235	0.00	1,467,649
3 Mar 23	Talley Kevin C	Common Stock	Sell	Dispose S	No	No	89.6706	22,006	1.97 mm	40,019