Here are the Compelling Reasons to Own Advanced Drainage Systems (WMS)

In its Q2 2026 capitalist letter, Baron Discovery Fund highlighted Advanced Drainage Systems, Inc. (NYSE:WMS). Advanced Drainage Systems, Inc. (NYSE:WMS), a shaper and marketer of thermoplastic corrugated pipes and related h2o absorption products, was reinitiated by the money during the quarter. On August 11, 2026, Advanced Drainage Systems, Inc. (NYSE:WMS) closed astatine $143.65 per share, reflecting a marketplace capitalization of $10.83 billion. Advanced Drainage Systems, Inc. (NYSE:WMS) posted a one‑month instrumentality of ‑5.03%, portion its shares gained 0.76% implicit the past 52 weeks."

Baron Discovery Fund stated the following regarding Advanced Drainage Systems, Inc. (NYSE:WMS) successful its Q2 2026 capitalist letter:

"During the quarter, we reinitiated a presumption successful Advanced Drainage Systems, Inc. (NYSE:WMS), the starring U.S. shaper of stormwater and onsite wastewater absorption products. The institution offers a broad suite of pipes, drainage structures, retention chambers, and h2o attraction systems designed to negociate stormwater from the infinitesimal it hits the crushed until it is returned cleanly to the environment. We presumption ADS arsenic a precocious quality, competitively differentiated business. It is the lone nationalist subordinate of standard successful an different fragmented marketplace and is astir 10 to 15 times larger than its adjacent closest competitors. Its manufacturing and logistics footprint is unmatched, spanning much than 60 plants and a company-owned fleet of astir 600 trucks and 1,100 trailers that enables transportation of bulky products straight to jobsites. Its vertically integrated recycling operations, which proviso astir fractional of its earthy materials astatine a discount to virgin resin, marque it the lowest outgo shaper successful the space."