BlackRock Boosts Stake in Advanced Drainage Systems to 10.1%
Ticker: WMS · Form: SC 13G · Filed: 2024-01-25T00:00:00.000Z
Sentiment: bullish
Topics: institutional-ownership, insider-buy, passive-investment
TL;DR
**BlackRock now owns 10.1% of Advanced Drainage Systems, a bullish signal.**
AI Summary
BlackRock Inc., a major investment firm, reported on January 25, 2024, that as of December 31, 2023, it beneficially owns 10.1% of the Common Stock of Advanced Drainage Systems, Inc. (NYSE: WMS). This significant stake, totaling 7,858,667 shares, indicates BlackRock's strong conviction in the company's future. For investors, this means a large, influential institutional investor sees value in Advanced Drainage Systems, potentially signaling stability and long-term growth prospects for the stock.
Why It Matters
When a giant like BlackRock increases its ownership, it often signals confidence in the company's performance and future, which can reassure current and potential investors.
Risk Assessment
Risk Level: low — Increased institutional ownership by a major firm like BlackRock generally reduces investment risk by signaling confidence.
Analyst Insight
A smart investor would view BlackRock's substantial 10.1% stake as a positive signal, suggesting a deeper dive into Advanced Drainage Systems, Inc.'s fundamentals and considering it for a long-term position.
Key Numbers
- 10.1% — Percentage of Class Owned (Represents BlackRock's significant stake in Advanced Drainage Systems, Inc.)
- 7,858,667 — Shares Beneficially Owned (The total number of Common Stock shares of Advanced Drainage Systems, Inc. held by BlackRock Inc.)
Key Players & Entities
- BlackRock Inc. (company) — reporting person, beneficial owner of shares
- Advanced Drainage Systems, Inc. (company) — subject company, issuer of the securities
- 7,858,667 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 10.1% (dollar_amount) — percentage of class beneficially owned by BlackRock Inc.
- December 31, 2023 (date) — date of event requiring the filing
- January 25, 2024 (date) — filing date of the SC 13G
Forward-Looking Statements
- Advanced Drainage Systems, Inc. stock may experience increased investor confidence due to BlackRock's significant stake. (Advanced Drainage Systems, Inc.) — medium confidence, target: Next 6-12 months
- BlackRock Inc. will maintain or slightly increase its position in Advanced Drainage Systems, Inc. in future filings. (BlackRock Inc.) — medium confidence, target: Next 12 months
FAQ
Who is the reporting person in this SC 13G filing?
The reporting person in this SC 13G filing is BlackRock Inc., as stated in the 'Names of reporting persons' section.
What is the name of the issuer whose securities are being reported on?
The name of the issuer is ADVANCED DRAINAGE SYSTEMS, INC., as indicated under 'Name of Issuer' in the filing.
What percentage of the class of securities does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 10.1% of the class of securities, as detailed in the filing's cover page.
What was the date of the event that required this SC 13G filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the securities is 00790R104, as listed under 'CUSIP Number' in the filing.
From the Filing
0001086364-24-003301.txt : 20240125 0001086364-24-003301.hdr.sgml : 20240125 20240125134854 ACCESSION NUMBER: 0001086364-24-003301 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ADVANCED DRAINAGE SYSTEMS, INC. CENTRAL INDEX KEY: 0001604028 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS FOAM PRODUCTS [3086] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 510105665 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-88258 FILM NUMBER: 24561086 BUSINESS ADDRESS: STREET 1: 4640 TRUEMAN BOULEVARD CITY: HILLIARD STATE: OH ZIP: 43026 BUSINESS PHONE: 614-658-0050 MAIL ADDRESS: STREET 1: 4640 TRUEMAN BOULEVARD CITY: HILLIARD STATE: OH ZIP: 43026 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G 1 us00790r1041_012524.txt us00790r1041_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) ADVANCED DRAINAGE SYSTEMS, INC. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 00790R104 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 00790R104 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 6722223 (6) Shared voting power 0 (7) Sole dispositive power 6986316 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 6986316 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 9.0% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- ADVANCED DRAINAGE SYSTEMS, INC. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 4640 Trueman Boulevard Hilliard OH 43026 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, re